Schlumberger Limited (SLB) Announced its Agreement to Acquire RESMAN Energy Technology

Schlumberger Limited (NYSE:SLB) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 23, Schlumberger Limited (NYSE:SLB) announced its agreement to acquire RESMAN Energy Technology, which is a leader in wireless reservoir surveillance solutions.

The company’s advanced chemical tracers track water, gas, oil, and CO2 in reservoirs with extreme precision and detect fluids at parts-per-trillion levels. This helps operators monitor reservoir flow and well performance without disrupting production.

Management noted that RESMAN’s tracers can be integrated with completion equipment to identify zones producing unwanted fluids. This will enable more targeted well interventions, extend well life, and improve production efficiency. Moreover, operators will still have the freedom to choose their preferred vendor for completion hardware.

Management also highlighted that combining RESMAN’s cutting-edge tracer tech with Schlumberger Limited (NYSE:SLB)’s sampling, analysis, and digital workflows will give customers faster and more accurate insights. Thereby, supporting smarter, data-driven decisions to optimize production and recovery in both traditional oil and gas and emerging energy transition areas.

The acquisition is expected to close in early 2026 and is pending closing conditions.

Schlumberger Limited (NYSE:SLB) is a global technology company serving the oil and gas industry. The company operates in four main segments, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

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Disclosure: None. This article is originally published at Insider Monkey.