January 8, 2017 archive

Schlumberger Acquires Peak Well Systems from Summit Partners

Houston-based Schlumberger announced Thursday that it is acquiring Peak Well Systems from Summit Partners for an undisclosed sum, according to a company press release. The company is strengthening its global portfolio with the addition of Peak’s mechanical and remedial solutions for cased-hole well intervention. “In the past few years, Peak has developed a portfolio of …

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Samson Resources and Key Creditors Agree to Bankruptcy Reorganization Plan

Tulsa-based Samson Resources Corp. and the creditors committee in the company’s Chapter 11 bankruptcy action have agreed to terms under the reorganization plan, according to a report in the Tulsa World. Samson filed for bankruptcy protection in Delaware during September of 2015. At the time, the company’s liabilities were $4 billion. Under the agreed plan, …

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