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.
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Articles from Halliburton

NGI The Weekly Gas Market Report
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.
NGI The Weekly Gas Market Report
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.
NGI The Weekly Gas Market Report
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.

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.
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.

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.
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.

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.
NGI The Weekly Gas Market Report
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.