Folks, no one is going to buy the entire thing - this thing is going to be broken into parts and sold.
Completions is already supposed to go to the Schlumberger JV. As they have no deepwater play that has much market share the land (shale plays) is only value.
Labs is a joke at this point
Production has premium gas lift for deepwater but they are over priced in a commodity land market. Pumping units have a lot of competition and are now made in China anyway. Automation is a stepchild that management doesn't understand. They have talked about getting back into ESP market but how they can do that with their debt?
Software seemed to be the new golden child, but a lot of options out there for this and they are in the process of swapping their business model and working to get to their next version of product offering.
Drilling is still depressed. Surface logging is on life support. TRS is a positive with the rest of the rental tools but they need deepwater and overall market to improve to see the benefit here.
Don't forget, they have half a billion in debt and are not turning positive cash flow.
Sell the pieces you can, file Ch13 and come out cleared from debt and go back to an 80's dumb iron focus.
Good posts by @PwGOX1W-2ppc, thought it deserved a thread.