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Gold/Mining/Energy : Weatherford International (WFT) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (86)	3/2/1999 12:47:00 PM
From: The Ox	Read Replies (1) \| Respond to of 142

Weatherford Announces Management Change; Bruce Longaker, Jr. Named New CFO HOUSTON, March 2 /PRNewswire/ -- Weatherford International, Inc. (NYSE: WFT) has announced that Bruce F. Longaker, Jr. will be joining the company as Chief Financial Officer and Senior Vice President. Most recently, Longaker held the position of Vice President, Finance and Corporate Controller for Schlumberger's Camco division. Longaker will be replacing James G. Kiley, Weatherford's former Chief Financial Officer and Senior Vice President, who has elected to leave the company for personal reasons. "Jim Kiley's leadership and capital markets acumen have been instrumental to our success and growth. We wish him well in his new endeavors," said Bernard J. Duroc-Danner, Weatherford's Chairman and Chief Executive Officer. "We are very fortunate that someone of Bruce Longaker's caliber, who has more than 20 years of experience in the oil field industry, is joining our senior management team." In addition to his tenure with Schlumberger, Longaker served as the vice president of finance and chief accounting officer for Camco International, Inc. He began his career in the energy industry with Baker International. Houston-based Weatherford International, Inc. is one of the world's largest providers of engineered products and specialized services to the drilling, completion and production sectors of the global oil and gas industry. SOURCE Weatherford International, Inc. CO: Weatherford International, Inc. ST: Texas IN: OIL SU: PER 03/02/99 08:30 EST prnewswire.com

To: Douglas V. Fant who wrote (86)	3/7/1999 10:55:00 AM
From: diana g	Read Replies (3) \| Respond to of 142

Re: Winfield Suit Hi Douglas, The folks over on the Winfield thread tell me that while no formal acknowledgement of fault has been made by WFT, their actions imply they are accepting at least some degree of responsibility --- Message 8181624 <<<... I don't think it has ben printed in any NR, that WFT has out right stated the stem was faulty... It has been inferred, that because WFT and or their Insurance Co. have been paying the daily standby fees for the Nabors drill while this fiasco gets resolved, they are assuming responsibility for the supply of the faulty drill stem... Sources from various IR firms have indicated that the stem may have been weakend from a previous job that was contaminated with H2s gas... So far, all us peons have, is conjecture, rumour and nothing in black and white, other than what's just been reported by the jv partners... In any case, there is definitely a problem with the way the stem was breaking off in small chunks as they were fishing for it be it metal fatigue or whatever and someone is responsible for the supply of it... ...ed >>>> ----------------------------------- Douglas, do you have any experience with this sort of situation? --Would you know how responsibility is generally determined? --Do you agree that if WFT or their Insurance Company are paying standby fees it implies acceptance by WFT of a degree of responsibility, or might this have another explanation? --Other thoughts? Your expertise greatly appreciated! regards, diana <<<Off Topic>>> --- Doesn't 'Acadiana' mean 'the grove of Diana' in Greek? <G>