Wobbly natural gas prices did not deter Halliburton Co. from delivering a solid first quarter performance, as customers cranked up their activity in the oil basins, offshore and overseas, CEO Jeff Miller said Tuesday.


Halliburton is the No. 1 pressure pumping company in North America, and as it goes, so goes U.S. exploration and production (E&P) activity. The Houston-based oilfield services giant delivered strong results during the first quarter, including in North America. However, the gains were not in the continent’s natural gas fields. They were in overseas markets and the offshore during the first quarter. 

Natural gas and additional LNG export capacity are top of mind for U.S. E&P customers, the CEO said. While activity may be a bit slow, it’s only going to get better...