Halliburton

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 Stacking Lower 48 Equipment; Schlumberger Sees Onshore Slump Continuing

Schlumberger Ltd. and Halliburton Co. offered a sober reminder during their third quarter conference calls that producers working in the Lower 48 have reduced their activity and their spending, with neither likely to recovery by year’s end.

October 22, 2019
Halliburton Idling North American Equipment as Onshore Activity Erodes

Halliburton Idling North American Equipment as Onshore Activity Erodes

North America’s biggest pressure pumping provider Halliburton Co. warned of waning activity for the remainder of the year as customers shun completions and new drilling.

October 21, 2019

Natural Gas Finding Niche in E-Fracking, But Diesel Still Rules

As operators look for ways to squeeze more efficiencies from Lower 48 basins, business opportunities are expanding to make use of flared natural gas using electric pressure pumps.

September 6, 2019
Halliburton Stacking Equipment with Eye on Lower 48 E&P Capex

Halliburton Stacking Equipment with Eye on Lower 48 E&P Capex

Halliburton Co., the largest pressure pumping operator in the Lower 48, stacked hydraulic fracturing equipment throughout the second quarter and will continue to do so where management does not see acceptable returns, CEO Jeff Miller said Monday.

July 22, 2019

Halliburton Sees North American Fracture Spend Off 6-10% but Worst of ‘Pricing Deterioration’ Over

Halliburton Co. CEO Jeff Miller said things are looking up for the year, with international activity expanding and U.S. land hydraulic fracturing (fracking) work accelerating on higher commodity prices and “refreshed” customer budgets.

April 22, 2019
Halliburton Cuts 1Q Outlook on Equipment Oversupply in North America

Halliburton Cuts 1Q Outlook on Equipment Oversupply in North America

The No. 1 completions expert in North America, Halliburton Co., said pricing pressure is likely to continue through the first quarter because of an overabundance of onshore fracturing equipment following the sharp decline in oil prices late last year.

January 22, 2019
‹ Previous 1 2 3 7