Halliburton

North American Oil, Natural Gas Equipment ‘Almost Sold Out,’ Prices Climbing, Says Halliburton CEO

North American Oil, Natural Gas Equipment ‘Almost Sold Out,’ Prices Climbing, Says Halliburton CEO

North American oil and natural gas producers are likely to increase their capital spending by more than one-third this year, as they boost short-term cycle projects and deal with rising inflationary costs, Halliburton Co. CEO Jeff Miller said Tuesday. The Houston-based company, the No. 1 hydraulic fracturing company in North America, kicked off the first…

April 19, 2022
North American E&Ps Boosting Capex as Natural Gas, Oil Prices Soar, Says Halliburton CEO

North American E&Ps Boosting Capex as Natural Gas, Oil Prices Soar, Says Halliburton CEO

North America exploration and production (E&P) companies should increase their capital spending by 20% in 2022 as they lock up equipment and labor in an ever tightening global market, Halliburton Co. CEO Jeff Miller said Tuesday. The No. 1 completions expert in North America kicked off earnings season for the oilfield services sector in an…

October 19, 2021
Halliburton, VoltaGrid Partner with Aethon to Deploy All-Electric Fracturing in Haynesville

Halliburton, VoltaGrid Partner with Aethon to Deploy All-Electric Fracturing in Haynesville

Halliburton Co. and VoltaGrid LLC have clinched a multi-year contract with Aethon Energy Management LLC to deploy an all-electric fracturing solution in the Haynesville Shale. The project combines Halliburton’s all-electric fracturing spread, which uses the Zeus 5,000 hp electric pumping unit, with VoltaGrid’s power generation system, which offers real-time emissions tracking. “All-electric fracturing represents an…

October 13, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Halliburton ‘Optimistic’ U.S. Land Activity to Climb as Oil Prices Strengthen, E&Ps Work to Sustain Production

Halliburton ‘Optimistic’ U.S. Land Activity to Climb as Oil Prices Strengthen, E&Ps Work to Sustain Production

Houston oilfield services giant Halliburton Co. kicked off the fourth quarter earnings season with positive news, as it takes advantage of a recovering U.S. land rig count and completions activity continues to rise. CEO Jeff Miller helmed a conference call on Tuesday with his management team, noting that the largest completions specialist in North America…

January 19, 2021
Halliburton Cuts Capex by Half, Reduces Workforce, with Bottom in 2Q

Halliburton Cuts Capex by Half, Reduces Workforce, with Bottom in 2Q

Houston-based Halliburton Co., the largest pressure pumper in the Lower 48, no longer is seeing a “flight to quality,” but a flight to anywhere, as customers deal with the Covid-19 pandemic and low commodity prices, CEO Jeff Miller said Monday.

April 20, 2020
Halliburton Furloughs 3,500, More E&Ps Cut Capex on Dire Economic Tumult Ahead from Coronavirus, Oil Price War

Halliburton Furloughs 3,500, More E&Ps Cut Capex on Dire Economic Tumult Ahead from Coronavirus, Oil Price War

More than 3,000 people based in Houston have been furloughed by Halliburton Co., while ConocoPhillips and other big producers continue to cut capital spending in an increasingly dire situation, as the coronavirus and oil price war sink 2020 operating plans.

March 18, 2020

4Q2019 Earnings: Halliburton Right Sizing North American Land Business to Hold Market Share

Halliburton Co. CEO Jeff Miller said Tuesday the company is prepared to face the “biggest test” for the U.S. natural gas and oil industry in five years by following the usual playbook and proactively stacking equipment and cutting expenses.

January 21, 2020

4Q2019 Earnings: Halliburton Right Sizing North American Land Business to Hold Market Share

Halliburton Co. CEO Jeff Miller said Tuesday the company is prepared to face the “biggest test” for the U.S. natural gas and oil industry in five years by following the usual playbook and proactively stacking equipment and cutting expenses.

January 21, 2020
Halliburton Shutters Oklahoma Facility on Slumping Midcontinent Operations

Halliburton Shutters Oklahoma Facility on Slumping Midcontinent Operations

Halliburton Co. has confirmed it is closing a facility in El Reno, OK, and laying off close to 800 people as it consolidates its Midcontinent operations on slowing activity.

December 3, 2019
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