For Investors Only: No Direct Connection to the Bakken -- Schlumberger to Acquire Tesco Drilling For $45 Million

Link here to Rigzone.com.

Tesco Corporation and Schlumberger announced Monday they have signed a definitive agreement for Schlumberger to acquire Tesco's CASING DRILLING™ division for $45 million in cash.

That's about it.  The biggest thing that caught my eye: I don't know how important Tesco Drilling is for Schlumberger but it cost them about 1 percent of their cash on hand. One percent of the one dollar I have in my billfold is one penny.

SeekingAlpha.com transcript on merger here.