Fulfilling the Promise of Weatherford

It is said what CEOs most enjoy is a challenge with outsize reward. If so, Mark McCollum should be ecstatic. As the incoming CEO of Weatherford International, he is tasked with resurrecting one of the more perennially promising, yet frustratingly underachieving, companies in the oil patch. McCollum’s predecessor, long-time CEO Bernard Duroc-Danner, built an organization with …

The Grapevine – Weatherford Int’l

Weatherford International recently reported 1st Quarter 2013 earnings after adjustments that were generally in line with consensus estimates. The following day, the company’s stock price rose more than seven percent. Investors seemed relieved that no additional shoes dropped in the earnings release or conference call. The fact that such rise in stock price occurred on …

Executive’s Departure Could Hamper Weatherford’s Progress

EnergyPoint Research took particular interest in the recent announcement that John King, President of Weatherford International’s Evaluation, Drilling & Intervention Division, will be leaving the company. King came to Weatherford in 2005 via the company’s purchase of Precision Drilling‘s international drilling and energy services operations.  While at Precision, King was instrumental in developing an organization and culture …

Can Oilfield Suppliers Save Themselves?

Unless oilfield suppliers start to truly differentiate themselves from peers, their prospects remain dim. Yes, maybe a price spike here or there will materialize. But suppliers need greater simplicity and foresight in their strategies if they are to prosper over the long term. They need to think differently, even courageously.

Integrated Oilfield Suppliers Plot Divergent Paths

As the oil and gas sector stirs with a hopeful sense of purpose, several of its largest and most influential suppliers are pursuing distinctly different strategies. It’s not just about which products and services will propel the industry forward. To some extent, the balance of power between providers and customers is at stake. On one end of the …

Oilfield Equipment: Let Gaps Guide Investment

In the 1980s and 1990s, the oilfield equipment sector, for all intents and purposes, neglected the customer.  Since then, a select group of companies have successfully kept the focus of their efforts on satisfying  customers with dependable products.  They have coupled this with responsive service. The results are impressive. In fact, they’ve played critical roles …