So why are we making the automatic assumption that Summit would be moved out of Tulsa?
Haliburton owns many units throughout the world, they are not all concentrated in Houston, Duncan, or Lake Charles. This isn’t like they are buying a call center or accounting center where staffing is ubiquitous. Tulsa is a major fabrication hub for oil field infrastructure and our cost of living assures fairly cheap labor compared to Houston or elsewhere. They’ve got a very nice operation in west Tulsa and they’ve done a nice re-fit of the old Zebco plant on W. 41st St as well as expanding to other properties which had been sitting fallow for some time.
If anything, Haliburton’s money and management may be a good fit for Tulsa.
Might not happen...they would actually be foolish to move from here. Past events in the industry show the smart thing is not always done though. Couple of smaller pump companies have been moved from their original locations over to OKC and were gathered together under GE Oil and Gas - not completely out of state, but pretty much....OKC doesn't really seem like Oklahoma to me...lol. There is a bucket full of small pump companies around now - so many I can't keep track of them all. And Halliburton is the only one of the major oil services companies that doesn't have a relatively strong pump presence. They could just move it to Duncan. Problem is getting the key pump and motor people to go to Duncan...probably can't make that happen.
Yeah - Summit from my outside position looks like a great, "classy" company - and I know for a fact that they have some really great people working there. Would love to get in with them....
Schlumberger - last I heard - had moved major production of REDA pumps out of Bartlesville...I think some, if not most, of it went to China. I think they still do a little REDA up there, but contacts have mostly dried up so not sure exactly what is going on. They have/had a really good motor designer who was still up there last year, so at least doing some R&D and development in B.
And Baker Hughes has been threatening to move Centrilift at least since the 90's. Turns out they can still pay low enough wages out there in Claremore, such that the urge to move has been overcome by the urge to keep cheap labor. BHI still wants to move it, though.
Haven't heard a peep out of Borets, but there are people movements happening in last couple years that look "suspicious" - like they are trying to get out before some big event happens. Makes me suspicious of a move. (Or maybe some resistance starting to build in the world to doing business with the Russian Mafia...? Probably not the main issue, though.)