Tag: Oilfield

Non-attainment ruling would hike oilfield costs

May 16—The U.S. Environmental Protection Agency’s threat of declaring the Permian Basin a non-attainment zone for ozone not only jeopardizes the region’s economic stability, it endangers national security for the sake of promoting President Biden’s re-election campaign. That’s according to State Rep. Brooks Landgraf and Permian Basin Petroleum Association President Ben Shepperd, who say the […]

Oilfield Services Giant SLB To Acquire ChampionX, Return $7 Billion To Shareholders

Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. X SLB (SLB), formerly Schlumberger, plans to purchase ChampionX in an all-stock transaction. ChampionX’s board of directors unanimously approved the deal. Under terms […]