Weatherford International Ltd. (NYSE: WFT)
Weatherford International ("Weatherford" or the "Company") is one of the largest providers of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells throughout the world. Weatherford operates in more than 100 countries through its approximately 800 service, sales and manufacturing locations.
Weatherford retained GulfStar to arrange the sale of nine land-based drilling rigs.
GulfStar Group Strategy
GulfStar marketed the drilling rigs in a competitive process to a select group of strategic buyers.
GulfStar secured several offers that would achieve or surpass Weatherford's price target. The rigs were sold to an undisclosed buyer in December 2006.