Weatherford International

Crestwood Appoints Two New Independent Directors Solidifying its Leading MLP Corporate Governance Model

Retrieved on: 
Thursday, November 11, 2021

I am pleased to welcome Angela and Clay to the Crestwood Board of Directors.

Key Points: 
  • I am pleased to welcome Angela and Clay to the Crestwood Board of Directors.
  • As we continue to scale our business and advance our sustainability strategies, we remain resolute on enhancing our approach to strong corporate governance.
  • Ms. Minas brings an extensive MLP background and broad experience across the energy value chain to the Crestwood board where she will serve on the audit and compensation committees.
  • Mr. Williams brings deep financial, technical, and operational expertise to the Crestwood board where he will be a member of the compensation committee.

Weatherford International plc Announces Closing of Senior Notes Offering

Retrieved on: 
Wednesday, October 27, 2021

HOUSTON, Oct. 27, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd. (the "Issuer"), has closed its private offering of $1,600 million aggregate principal amount of 8.625% senior notes due 2030 (the "Notes").

Key Points: 
  • HOUSTON, Oct. 27, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd. (the "Issuer"), has closed its private offering of $1,600 million aggregate principal amount of 8.625% senior notes due 2030 (the "Notes").
  • The Issuer used the net proceeds from the offering and cash on hand to purchase, in a separately announced tender offer, $1,600.0 million aggregate principal amount of its 11.00% senior notes due 2024.
  • This news release contains forward-looking statements concerning, among other things, the Company's strategy and financing plans and goals.
  • Such statements are based upon the current beliefs of Weatherford's management and are subject to significant risks, assumptions, and uncertainties.

With Market Size Valued at $958.6 Million by 2026, it`s a Stable Outlook for the Global Robotic Drilling Market

Retrieved on: 
Friday, October 22, 2021

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robotic Drilling - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robotic Drilling - Global Market Trajectory & Analytics" .
  • Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
  • The U.S. Market is Estimated at $217.2 Million in 2021, While China is Forecast to Reach $168.6 Million by 2026
    The Robotic Drilling market in the U.S. is estimated at US$217.2 Million in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Weatherford International plc Announces Redemption of $200 million principal amount of its 11.0% senior notes due December 1, 2024.

Retrieved on: 
Wednesday, October 20, 2021

HOUSTON, Oct. 20, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd. (the "Issuer"), has completed the previously announced redemption of $200 million principal amount of its 11.0% senior notes due December 1, 2024 using cash on hand.

Key Points: 
  • HOUSTON, Oct. 20, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd. (the "Issuer"), has completed the previously announced redemption of $200 million principal amount of its 11.0% senior notes due December 1, 2024 using cash on hand.
  • H. Keith Jennings, Executive Vice President and Chief Financial Officer, commented, "We are extremely proud of the progress our employees have made improving our operations.
  • Sustainably generating operating cash flow has afforded us the ability to redeem debt as we continue to improve our capital structure."
  • This news release contains forward-looking statements concerning, among other things, the Company's strategy and financing plans and goals.

A $2.3 Billion Global Opportunity for Intelligent Completion by 2026 - New Research from StrategyR

Retrieved on: 
Tuesday, October 19, 2021

SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Intelligent Completion - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Intelligent Completion - Global Market Trajectory & Analytics" .
  • Segments:Application (Onshore, Offshore); Component (Hardware, Software); Type (Simple Intelligent Well Completion, Complex Intelligent Well Completion)
    Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
  • Preview Registry
    Amid the COVID-19 crisis, the global market for Intelligent Completion estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2026, growing at a CAGR of 4.6% over the analysis period.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Weatherford Wins Hart Energy Special Meritorious Award for Engineering Innovation for ForeSite® Edge Next-Generation Automation Technology

Retrieved on: 
Monday, October 18, 2021

HOUSTON, Oct. 18, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced that ForeSite Edge was named winner of a 2021 Hart Energy Special Meritorious Award for Engineering Innovation (MEA) in the Artificial Lift category.

Key Points: 
  • HOUSTON, Oct. 18, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced that ForeSite Edge was named winner of a 2021 Hart Energy Special Meritorious Award for Engineering Innovation (MEA) in the Artificial Lift category.
  • The MEA honor places ForeSite Edge among the year's best new innovations with game-changing technical and economical significance for the upstream petroleum industry.
  • This next-generation automation technology harnesses the power of ForeSite and CygNet IoT platforms to deliver Production 4.0 intelligence at the wellsite.
  • Installed as a standalone device or paired with existing automation, ForeSite Edge leverages real-time, high-frequency data and advanced engineering models to deliver continuous and autonomous production optimization.

Weatherford International plc Announces the Upsizing and Pricing of a $1,600 Million Senior Notes Offering

Retrieved on: 
Thursday, October 14, 2021

HOUSTON, Oct. 14, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer"), has priced its previously announced offering of 8.625% senior notes due 2030 (the "Notes") at an issue price of 100%.

Key Points: 
  • HOUSTON, Oct. 14, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer"), has priced its previously announced offering of 8.625% senior notes due 2030 (the "Notes") at an issue price of 100%.
  • The aggregate principal amount of the Notes to be issued was increased from the previously announced $1,500.0 million to $1,600 million.
  • The offering of the Notes is expected to close on October 27, 2021, subject to customary closing conditions.
  • The Notes will be guaranteed by the Company and the same subsidiaries of the Company that guarantee the Issuer's 6.50% Senior Secured First Lien Notes due September 15, 2028.

Weatherford Provides Preliminary Third-Quarter 2021 Performance Update and Announces Third-Quarter 2021 Conference Call

Retrieved on: 
Tuesday, October 12, 2021

HOUSTON, Oct. 12, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") provides a preliminary financial performance update for the fiscal quarter ended September 30, 2021 and announces it will host a conference call on Tuesday, November 2, 2021 to discuss the Company's results for the third quarter 2021.

Key Points: 
  • HOUSTON, Oct. 12, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") provides a preliminary financial performance update for the fiscal quarter ended September 30, 2021 and announces it will host a conference call on Tuesday, November 2, 2021 to discuss the Company's results for the third quarter 2021.
  • We are committed to institutionalizing the current improvements in our core operating processes to ensure balanced performance going forward.
  • The conference call will begin on Tuesday, November 2, 2021 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
  • A telephonic replay of the conference call will be available until November 16, 2021, at 5:00 p.m. Eastern Time.

A $34.5 Billion Global Opportunity for Digital Oilfield by 2026 - New Research from StrategyR

Retrieved on: 
Friday, October 8, 2021

SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Digital Oilfield - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Digital Oilfield - Global Market Trajectory & Analytics" .
  • Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
  • The U.S. Market is Estimated at $8.1 Billion in 2021, While China is Forecast to Reach $6.1 Billion by 2026
    The Digital Oilfield market in the U.S. is estimated at US$8.1 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Valued to be $931.8 Million by 2026, Distributed Temperature Sensing (DTS) Slated for Robust Growth Worldwide

Retrieved on: 
Friday, October 8, 2021

We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies.

Key Points: 
  • We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies.
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • The U.S. Market is Estimated at $183.2 Million in 2021, While China is Forecast to Reach $196.7 Million by 2026
    The Distributed Temperature Sensing (DTS) market in the U.S. is estimated at US$183.2 Million in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.