Houston-based Weatherford International plc has emerged from Chapter 11 with yet another CEO at the helm, who has charged the executive team to be “relentlessly focusing” on extending its global options and improving liquidity. 

Lower 48 DUCs

Girish Saligram, who took the helm less than a month ago, is the third CEO in three years for the battered oilfield services (OFS) giant. Weatherford, in financial turmoil for years, filed for bankruptcy in 2019 to reduce long-term debt and establish a “more sustainable” business. 

Saligram during the third quarter conference call said he plans to right the ship and build market share.

“I believe our company has a unique combination of key attributes” to strengthen, he said, with a “comprehensive technology portfolio, a global footprint,...