- Business
- Weatherford International plc (NASDAQ: WFRD) provides equipment and services for drilling, evaluation, completion, production, and intervention in oil and natural gas wells. The company operates through three primary segments: Drilling and Evaluation, which offers managed pressure drilling, drilling services, wireline services, drilling fluids, testing, cementing, liner systems, and surface logging; Well Construction and Completions, including tubular running services, cementation products, completions, and liner hangers; and Production and Intervention, encompassing artificial lift systems, stimulation, production automation, sub-sea intervention, pressure pumping, re-entry, fishing, and digital optimization solutions such as ForeSite, CygNet, and CENTRO platforms. Founded in 1941 and headquartered in Houston, Texas, Weatherford maintains operational headquarters there while legally domiciled in Ireland, conducting business in approximately 75 countries across oil and natural gas regions worldwide, serving upstream exploration and production operators with a workforce of about 17,300. Recent developments include the acquisition of Datagration Solutions in September 2024 to enhance digital data integration, analytics, and machine learning for asset optimization and emissions tracking; contracts awarded in November 2024 by Kuwait Oil Company for Managed Pressure Drilling using the Victus Intelligent MPD system and by a national oil company in Qatar; the February 2024 acquisitions of Ardyne Holdings, ISI Holding Company, and Probe Technologies to bolster drilling and intervention capabilities; and the September 2025 expansion of its credit facility by $280 million to $1 billion total commitments, extending maturity to 2030 and boosting liquidity to $1.5 billion.