Infill Thinking Lifting the O&G knowledge curve
On the same day this week, both Halliburton and Forum Energy Technologies made acquisitions in the artificial lift space. Specifically, each firm announced a deal to take out a privately held electric submersible pump (ESP) target.
The coincidental timing and shared ESP focus of the deals has inspired some exaggerated read-throughs to oilfield technology and service consolidation trends. The deals themselves are important to their participants, but we view them as “business as usual” not as representative of changing oilfield thinking on artificial lift and M&A. We explain why and what really matters about these deals here…
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