Houston’s SLB Advances $7.8B ChampionX Deal With Key $300M Asset Sale

SLB, headquartered in Houston, has taken a major step toward closing its $7.8 billion acquisition of The Woodlands-based ChampionX. The company secured a buyer for a $300 million divestiture that regulators required before approving the deal. This move puts one of the region’s most watched energy transactions on track for completion.

SLB Moves Toward Final Approval

The company agreed earlier this year to purchase ChampionX, a leading provider of production-optimization technologies. Federal regulators reviewed the transaction and asked SLB to sell a portion of ChampionX’s business to preserve competition in the chemicals and production equipment market. That review led to a commitment to sell specific assets valued at about $300 million.

SLB has now lined up a buyer, according to reporting from The Business Journals, clearing a key hurdle. Although the buyer’s name was not disclosed in the early coverage, the agreement signals growing confidence that the overall acquisition will close as planned.

The move strengthens SLB’s position in the oilfield services sector. It also expands the company’s reach across production, digital technologies, and field-level optimization—areas that drive growth for many energy operators across Greater Houston.

Why It Matters for Houston Businesses

This acquisition brings several direct impacts to the local business community. Both SLB and ChampionX operate large footprints in Houston’s energy ecosystem. As these companies integrate, suppliers and service providers will likely see shifts in purchasing patterns and technology needs.

The deal could also reinforce Houston’s position as the country’s hub for energy technology. SLB plans to combine ChampionX’s chemical and artificial lift expertise with its own digital platforms. That integration may attract more engineering, data, and field-operations jobs to the region.

Local firms that support chemical manufacturing, production optimization, and field equipment may also see new opportunities as SLB expands its offerings.

What’s Next

Once regulators complete their review of the divestiture, SLB expects to finalize the ChampionX acquisition. Closing is widely anticipated by industry analysts, who expect the merged company to accelerate investment in production technologies.

Residents and business owners should watch for announcements on workforce plans, facility expansions, and technology rollouts in the months after completion. Because both companies maintain significant operations north of the city, the combined footprint could shape hiring patterns in areas including The Woodlands, Spring, and northwest Houston.

This article is a summary of reporting by The Business Journals. Read the full story here.