Lufkin Archives

GENI Index 71 ▲ +3 Brent Crude $72.48 ▼ -5.19% WTI $69.34 ▼ -4.56% Natural Gas $3.25 ▲ +3.5% Global rig count 436 ▼ -2 Live tenders 6 this week M&A deals tracked 5 this week Jack-up utilisation 88% — Drillship utilisation 93% — Semisub utilisation 82% — OSV utilisation 91% — GENI Index 71 ▲ +3 Brent Crude $72.48 ▼ -5.19% WTI $69.34 ▼ -4.56% Natural Gas $3.25 ▲ +3.5% Global rig count 436 ▼ -2 Live tenders 6 this week M&A deals tracked 5 this week Jack-up utilisation 88% — Drillship utilisation 93% — Semisub utilisation 82% — OSV utilisation 91% —

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5 months ago

GE to Acquire Lufkin Industries for $3.3 Billion

GE’s oil and gas unit has agreed to acquire Lufkin Industries for a total of $3.3 billion, the companies announced…

Lufkin

GE to Acquire Lufkin Industries for $3.3 Billion

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