{"id":350195,"date":"2010-02-22T14:15:38","date_gmt":"2010-02-22T19:15:38","guid":{"rendered":"http:\/\/www.businessinsider.com\/schlumberger-limited-purchases-smith-international-aims-to-ramp-up-natgas-exploration-2010-2"},"modified":"2010-02-22T14:15:38","modified_gmt":"2010-02-22T19:15:38","slug":"now-schlumberger-is-making-a-monster-11-billion-bet-on-shale-2","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/350195","title":{"rendered":"Now Schlumberger Is Making A Monster, $11 Billion Bet On Shale"},"content":{"rendered":"<p>Early this morning, oil service company Schlumberger Limited (SLB) announced it would be acquiring Smith International (SII), an <a href=\"http:\/\/www.businessinsider.com\/oil\">oil and gas<\/a> equipment maker, for $11 billion or $45.84 per share.<\/p>\n<p>In a <a href=\"http:\/\/www.slb.com\/modules\/news\/press\/release_details.asp?id=21219&amp;\">press release<\/a>, Schlumberger says that Smith International&#8217;s drilling technologies will compliment Schlumberger&#8217;s and help the company advance its exploration technologies, with special regard to adverse drilling conditions.<\/p>\n<p>Adverse drilling conditions: That means shale.<\/p>\n<p>This is just the latest bullish shale bet, the mot notable being the Exxon\/XTO merger;<\/p>\n<p>Want to see why companies are so bullish on shale?<\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/exxon-heres-why-we-just-spent-41-billion-on-natural-gas-2009-12#even-if-the-developed-worlds-oecd-energy-demand-has-peaked-by-2030-the-developing-world-will-consume-almost-23s-more-energy-1\">Read Exxon&#8217;s case for shale here &gt;<\/a><\/h2>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b82d4620000000000c86686\/slb-feb22.jpg\" border=\"0\" alt=\"SLB Feb22\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/schlumberger-limited-purchases-smith-international-aims-to-ramp-up-natgas-exploration-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/exxon-found-way-more-oil-than-it-produced-in-2009-and-has-been-doing-it-for-16-years-2010-2\">Exxon Hits Peak Oil&#8230; Reserves<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/exxons-xto-buy-is-a-direct-affront-to-the-russians-2009-12\">Exxon&#8217;s XTO Buy Is A Direct Affront To The Russians<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/iran-trying-to-pry-us-ally-india-away-with-sweet-natural-gas-deal-2010-2\">Iran Offers Up Huge Natural Gas Bribe To China To Stave Off Security Council Sanctions<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/Ov5zBmxwcmmFIuE5AHq0JV39jI0\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/Ov5zBmxwcmmFIuE5AHq0JV39jI0\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/Ov5zBmxwcmmFIuE5AHq0JV39jI0\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/Ov5zBmxwcmmFIuE5AHq0JV39jI0\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=BP2L3q9f_XM:EWWFe5PZkh4:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=BP2L3q9f_XM:EWWFe5PZkh4:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=BP2L3q9f_XM:EWWFe5PZkh4:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=BP2L3q9f_XM:EWWFe5PZkh4:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=BP2L3q9f_XM:EWWFe5PZkh4:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=BP2L3q9f_XM:EWWFe5PZkh4:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=BP2L3q9f_XM:EWWFe5PZkh4:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=BP2L3q9f_XM:EWWFe5PZkh4:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/greensheet\/~4\/BP2L3q9f_XM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early this morning, oil service company Schlumberger Limited (SLB) announced it would be acquiring Smith International (SII), an oil and gas equipment maker, for $11 billion or $45.84 per share. In a press release, Schlumberger says that Smith International&#8217;s drilling technologies will compliment Schlumberger&#8217;s and help the company advance its exploration technologies, with special regard [&hellip;]<\/p>\n","protected":false},"author":3497,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-350195","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/350195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/3497"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=350195"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/350195\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=350195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=350195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=350195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}