Deal Spotlight Episode #6: SLB Forecasting US Shale Future By Buying ChampionX?
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Description
Another merger, another Deal Spotlight! On today’s episode, we talk all things OFS and the merger of SLB + ChampionX that happened earlier this year. To break all this down, we needed to find an expert, and Jeff Krimmel is that expert!He joins the show to discuss all things OFS, market dynamics, pricing, and future segment forecasts before diving into this merger from all angles. SLB is making a clear statement: the future of US Shale is in production longevity, not drilling. Jeff points out some really interesting tidbits surrounding the nature of the press releases and in the end, gives it his blessing.Thanks again to Jeff Krimmel for joining the show.Until the next deal!Links:Jeff Krimmel Newsletter: https://jeffkrimmel.carrd.co/ (https://jeffkrimmel.carrd.co/)Jeff’s LinkedIn: https://www.linkedin.com/in/jeffkrimmel/ (https://www.linkedin.com/in/jeffkrimmel/)Jeff’s Website: https://krimmelsg.com/ (https://krimmelsg.com/) Highlights of the Podcast 00:00 – Introduction and overview of the Schlumberger Champion X oilfield service merger discussion01:37 – Discussion about Jeff Krimmel’s recent keynote address03:22- Overview of Jeff Kimmel's background in oilfield services and strategy05:06 – Discussion about market pricing strategies in oilfield services08:28 – Analysis of the Schlumberger Champion X merger17:32 – Current sentiment in the oilfield services market25:03 – Detailed breakdown of the Schlumberger Champion X merger highlights27:43 – Discussion on the future of operational expenditure in oilfield services29:47 – Examination of Champion X’s business focus and how it complements Schlumberger36:00 – Discussion of synergies and financial aspects of the merger44:50 – Final thoughts on the Schlumberger Champion X merger and its impact on the oilfield services industry50:10 – Conclusion and wrap-up of the episode
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