It snowed about 2-3 inches last night. Therefore, this morning, everyone forgot how to drive. It's pretty unbelievable how many people are so terrible at driving and how any adverse conditions strip away what little control they ever had.
About that acquisition below: ConocoPhillips is acquiring Burlington Resources. Obviously, ConocoPhillips is one of the "super-majors" as they are called. Burlington is one of those names that the general public wouldn't know, but people in the industry do. That's sort of similar to Schlumberger, which is name the general public is not familiar with, but is well known within the industry. Admittedly, both Schlumberger and Burlington have seen more play in business-focused magazines due to the rise in oil and gas prices.
It'll be interesting to see one company culture be imposed on another and witness some of the effects firsthand. Both run substantial operations in the San Juan Basin and I want to see how this all plays out. Obviously, Schlumberger has a vested interest in what happens at the corporate and the district level due to the contracts at stake.
No comments:
Post a Comment