Halliburton

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

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
Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Natural gas production in a former darling of the onshore unconventionals, the Haynesville Shale, is getting serious looks from new suitors, including operators looking for export stores, with production on course to hit record heights, according to Rystad Energy.

January 11, 2019

People — Jeff Miller

Halliburton Co. CEO and President Jeff Miller has assumed the role of board chairman with the retirement of Dave Lesar. Miller joined Halliburton in 1997 and served as COO from 2012 to 2014. He became president and joined the board in 2014. Lesar, who joined the Houston-based oilfield services giant in 1993, retired as CEO in 2017 but remained executive chairman. Lesar had served as chairman and CEO since 2000 when predecessor Dick Cheney was nominated as U.S. vice president.

December 28, 2018
Halliburton Cuts 4Q Guidance on ‘Budget Exhaustion,’ Capacity Constraints

Halliburton Cuts 4Q Guidance on ‘Budget Exhaustion,’ Capacity Constraints

Halliburton Co.’s operating income slumped 9% sequentially in the third quarter on a “softening” market for North American completions, but beyond the holidays, as customers reload budgets, the market should improve, CEO Jeff Miller said Monday.

October 22, 2018