Halliburton

Halliburton Sees Strong North American Gains, No Slowdown in ‘Completions Intensity’

Halliburton Sees Strong North American Gains, No Slowdown in ‘Completions Intensity’

Houston-based Halliburton Co., the largest pressure pumping operator in North America, was “hitting on all cylinders” during the third quarter, and market conditions appear to be strengthening, CEO Jeff Miller said Monday.

October 23, 2017
Halliburton Not Worried About Rig Count Plateau, Says CEO

Halliburton Not Worried About Rig Count Plateau, Says CEO

Halliburton Co. CEO Jeff Miller said the company isn’t concerned about a onshore rig count plateau, viewing it as a sign that customers are trying to ferret out the best opportunities for production. Meanwhile, the largest oilfield services company in North America is navigating through $50/bbl oil, even as global oil production could decline by as much as 1 million b/d by 2021.

September 11, 2017

People

Weatherford International plc has appointed Karl Blanchard as COO.He spent more than 30 years at Halliburton Co. and most recently was COO of Seventy Seven Energy. Weatherford CEO Mark McCollum, who is working to turn around the company, formerly was CFO at Halliburton. Blanchard is to oversee all region and product line operations; quality, health, safety, security and environment; sales; engineering, research and development; and supply chain. “Mr. Blanchard has a long track record of bringing teams together to deliver operational excellence, strong financial performance and disciplined growth,” said McCollum. “I have witnessed the effectiveness of his leadership first-hand, and I am very much looking forward to working with him to create a more balanced and integrated organizational structure at Weatherford. By aligning several elements of our business under Mr. Blanchard’s direction, we will establish greater collaboration, innovation and process discipline across our organization.”

August 23, 2017

Halliburton, Microsoft Sharing Big Data to Digitally Transform Oil, NatGas Industry

Taking a page from one of its top competitors, Halliburton Co. said Tuesday it plans to combine its oilfield services (OFS) wizardry with Microsoft’s data capabilities to drive a “digital transformation” across the oil and natural gas industry.

August 22, 2017
Halliburton E&P Customers ‘Tapping’ Brakes Across North America, Cutting Proppant Sand Use

Halliburton E&P Customers ‘Tapping’ Brakes Across North America, Cutting Proppant Sand Use

North America’s rig count growth has begun to plateau, as producers slow activity “all over the place in North America,” a sign that they are learning from their high-spending days of the past, Halliburton Co. Chairman Dave Lesar said Monday.

July 24, 2017
GE, Baker Hughes Tie-Up Done Deal, Creating ‘Fullstream Oil and Gas Company’

GE, Baker Hughes Tie-Up Done Deal, Creating ‘Fullstream Oil and Gas Company’

Billing itself as “the world’s first and only fullstream oil and gas company,” Baker Hughes Inc. and GE Oil & Gas announced Monday that their mega-merger — estimated at $32 billion — is complete.

July 6, 2017
Baker Hughes, GE Merger Official, Kicks Off ‘New Era’ For OFS

Baker Hughes, GE Merger Official, Kicks Off ‘New Era’ For OFS

Billing itself as “the world’s first and only fullstream oil and gas company,” Baker Hughes Inc. and GE Oil & Gas announced Monday that their mega-merger — estimated at $32 billion — is complete.

July 5, 2017

2016-Top-20-US-Natural-Gas-Pro-Forma-Volumes-Bought-and-Sold-Tbtus-20170630-v2.png

Halliburton Co. announced Wednesday that it has acquired Tulsa, OK-based Summit ESP, an independent company specializing in electric submersible pump (ESP) technology and services.

July 5, 2017

People — New Halliburton CEO

Halliburton Co. President Jeff Miller will add CEO to his title effective June 1, succeeding Dave Lesar, who is continuing as executive chairman. Miller, who already serves on the board, joined Halliburton in 1997 and formerly was COO. He holds a bachelor of science in agriculture and business from McNeese State University in Louisiana and a master’s degree from Texas A&M University. Lesar, who has been chairman and CEO since 2000, plans as executive chairman to focus on the company’s strategic direction and be actively engaged with shareholders and customers. Lesar, who joined Halliburton in 1993, entered into an executive employment agreement that provides that he will continue as executive chairman until mandatory retirement on Dec. 31, 2018; it also contains a four-year noncompete agreement. “I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO,” Lesar said.

May 17, 2017

People — New Halliburton CEO

Halliburton Co. President Jeff Miller will add CEO to his title effective June 1, succeeding Dave Lesar, who is continuing as executive chairman. Miller, who already serves on the board, joined Halliburton in 1997 and formerly was COO. He holds a bachelor of science in agriculture and business from McNeese State University in Louisiana and a master’s degree from Texas A&M University. Lesar, who has been chairman and CEO since 2000, plans as executive chairman to focus on the company’s strategic direction and be actively engaged with shareholders and customers. Lesar, who joined Halliburton in 1993, entered into an executive employment agreement that provides that he will continue as executive chairman until mandatory retirement on Dec. 31, 2018; it also contains a four-year noncompete agreement. “I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO,” Lesar said.

May 12, 2017