Now under review by corporate. Heads up Claremore.
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Centrilift spent millions on a research facility for useless patents. Millions. Halliburton has use for it as a warehouse facility in the middle of nowhere Oklahoma.
Rationalizing R 2) Innovate, differentiate and sell at higher margins with lower market share. Reda was getting their butts handed to them by Centrilift vying for market share back in the late 80's early 90's. CAMCO bought them and forced them to forget market share and go for margin and they did this quite successfully until SLB came along. So what is an ESP in the minds of HAL/BHI management? A product or a commodity? That is the only question on the table and will determine the fate of Claremore R&D.
So what do you think is going on?