Halliburton

North Dakota Natural Gas Prices Hit 28-Year Low, Highlighting Takeaway Constraints

North Dakota Natural Gas Prices Hit 28-Year Low, Highlighting Takeaway Constraints

Oil producers in North Dakota’s Bakken Shale are facing the lowest natural gas prices in nearly three decades, according to the state’s top regulator.  Department of Mineral Resources (DMR) Director Lynn Helms addressed the issue during a recent press conference. The price of natural gas delivered to the Northern Border pipeline system at Watford City,…

February 21, 2024
Halliburton, Liberty See U.S. E&Ps Jumping on E-Fleet Avenue as Natural Gas Use Rises

Halliburton, Liberty See U.S. E&Ps Jumping on E-Fleet Avenue as Natural Gas Use Rises

U.S. exploration companies have expressed uncertainty about the direction of the energy markets this year, but one thing they are sure about is natural gas-powered pressure pumping fleets, which should support “durable, multi-year” opportunities, top oilfield executives said. Halliburton Co., one of the world’s largest oilfield services (OFS) companies, and Liberty Energy Inc., the No.…

January 25, 2024
NGI’s 3Q2023 North American Natural Gas Supply and Demand Analyst Takeaways

NGI’s 3Q2023 North American Natural Gas Supply and Demand Analyst Takeaways

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels, inventories grew and international markets found more balance after Russia invaded Ukraine. Read what NGI analysts learned during 3Q2023 earnings season and how they view supply and demand trends moving forward. EQT Corp. (EQT): The marginal molecule of U.S. natural…

December 27, 2023
Wave of U.S. E&P Consolidation ‘Good for Halliburton,’ Says CEO

Wave of U.S. E&P Consolidation ‘Good for Halliburton,’ Says CEO

The mega-mergers by the two largest U.S.-based producers – and rumors of more tie-ups to come – are positive for business and demonstrate the value of natural gas and oil long term, Halliburton Co. CEO Jeff Miller said Tuesday. Miller held a conference call to discuss third quarter results for the Houston-based oilfield services (OFS)…

October 24, 2023
Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity

Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity

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…

April 25, 2023
Halliburton Completions Calendar Booked, and Natural Gas, Oil Investments Strong, Says CEO

Halliburton Completions Calendar Booked, and Natural Gas, Oil Investments Strong, Says CEO

North America natural gas and oil customers are likely to increase their overall capital spending by at least 15% year/year, with well completions equipment already fully contracted, Halliburton Co. CEO Jeff Miller said Tuesday. Well completions fetched higher prices and customers clamored for more products, signaling a solid business environment ahead for natural gas and…

January 24, 2023
Halliburton ‘Very Encouraged’ About 2023 North American Oilfield Services Outlook

Halliburton ‘Very Encouraged’ About 2023 North American Oilfield Services Outlook

International natural gas and oil market activity is accelerating, and North American service capacity is tightening, with pricing “moving up in both markets,” Halliburton Co. CEO Jeff Miller said Tuesday. Miller helmed a conference call with analysts to discuss third quarter results, noting the Houston-based oilfield services (OFS) giant is using the technology honed in…

October 31, 2022
Halliburton’s North American Natural Gas, Oil Services Calendar ‘Sold Out’ into 2023

Halliburton’s North American Natural Gas, Oil Services Calendar ‘Sold Out’ into 2023

International natural gas and oil market activity is accelerating, and North American service capacity is tightening, with pricing “moving up in both markets,” Halliburton Co. CEO Jeff Miller said Tuesday. Miller helmed a conference call with analysts to discuss third quarter results, noting the Houston-based oilfield services (OFS) giant is using the technology honed in…

October 25, 2022
Hess, Nabors, Halliburton to Fund North Dakota Tribal Apprenticeship Program

Hess, Nabors, Halliburton to Fund North Dakota Tribal Apprenticeship Program

The North Dakota Tribal College System (NDTCS) is partnering with three leading oil and gas companies on an apprenticeship program to develop a homegrown workforce in the energy sector and other trades. Persistent labor shortages have plagued the Williston Basin, home to the mighty Bakken Shale, one of the Lower 48’s major oil and gas…

September 26, 2022
Halliburton CEO Sees ‘Multi-Year Energy Upcycle’ Even if Economy Slows

Halliburton CEO Sees ‘Multi-Year Energy Upcycle’ Even if Economy Slows

A potential economic slump would be insufficient to correct the acute supply/demand imbalance currently facing the oil and natural gas markets, according to Halliburton Co. CEO Jeff Miller. Miller discussed the market outlook during the oilfield services (OFS) giant’s second-quarter earnings call Tuesday morning. The CEO noted that actions taken by central banks during the…

July 19, 2022
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