What's going to be the split with wireline services? HAL and BHI basically have the same tools and services, looks like a lot of synergy layoffs going to occur.
Thoughts?
3 replies (most recent on top)
Hal openhole is a joke. Their casedhole is slightly better.
It is direct overlap with baker though, anyone with an ounce of intelligence from the DOJ/EU should see that it's a anticipation risk.
The only problem is nobody would want to buy that junk!
Wireline has always been a small piece of Hal, not sure on the BH side. It's the 'bastard son' of Welex and Gearhart, a technological marriage from hell early on. Be very entertaining combining disparate technologies all over again for sure. Gearhart had international presence and Welex mostly domestic from what I recall. Actually posters question is one that intrigues because as he says, there's 1:1 overlap across the board in many ways. I would be very curious if they do some sort of cased hole open hole chopping/merging, especially if BH's open hole side is much better. One things for sure, it won't faze ole blue of course, they will never allow any company to over shadow their wireline side, it is after all, their heritage and where this concerns they'll spend whaever it takes to keep it on top. My 2c..
The HAL are crap compared to BHI, Houston Beltway laid off all tools engineers way back in the summer.