Weatherford announced shareholder meeting results and redomestication proposals
Shareholders supported redomestication but 75% threshold not met; company plans to present updated Delaware proposal.
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Oilfield services company
weatherford.comLast updated
In short: Weatherford grew its international contract portfolio and pursued a move to Texas, despite shareholders rejecting the redomestication.
Shareholders supported redomestication but 75% threshold not met; company plans to present updated Delaware proposal.
The deal expands completions portfolio and unconventional resource exposure, with expected synergies of at least $15 million.
The move could yield annual cash savings of $20-30 million from 2027 and simplify operations.
The WA C44 well used StarBurst and Victus MPD technologies to improve reservoir access and reduce environmental impact.
A number of stocks fell in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as...
Detailed price information for Weatherford International Plc (WFRD-Q) from The Globe and Mail including charting and trades.
Detailed price information for Weatherford International Plc (WFRD-Q) from The Globe and Mail including charting and trades.
Detailed price information for Weatherford International Plc (WFRD-Q) from The Globe and Mail including charting and trades.
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