# Schlumberger and Weatherford form joint venture OneStim for North America unconventionals

Schlumberger and Weatherford announced a joint venture, OneStim, to deliver completions products and services for unconventional resource plays in the US and Canada land markets. Schlumberger will have 70% ownership and Weatherford 30%, with Schlumberger paying Weatherford USD 535 million. The transaction is expected to close in H2 2017.

- Type: Partnership
- Announced: 2017-03-26
- Where: North America land (US and Canada), United States
- Value: $535.0M
- Status: announced
- Products: hydraulic fracturing services, multistage completions, pump-down perforating
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Schlumberger](https://endata.com/companies/220.md) (partner)
- [Weatherford](https://endata.com/companies/5685.md) (partner)

## Sources

- [jpt.spe.org](https://jpt.spe.org/schlumberger-and-weatherford-form-joint-venture), 2017-03-26: "Schlumberger and Weatherford announced that they will create a joint venture to deliver completions, products, and services for the development of unconventional resource plays in the US and Canada land markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.