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.
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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.
2016 Top 2 US Natural Gas Pro Forma Volumes Bought and Sold
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.
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.
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.
Halliburton’s U.S. Land Revenue Climbs 30%, with Newbuild Demand Escalating
Halliburton Co.’s North American revenue jumped 24% sequentially in the first three months of the year, with U.S. land outperforming the domestic rig count with an increase of almost 30%.
Schlumberger, Weatherford Taking Fight to Halliburton for North American Fracking Share
Schlumberger Ltd. and Weatherford International plc are signaling a knife fight for North American pressure pumping market share after forming a partnership aimed at No. 1 operator Halliburton Co.
Halliburton Ready to Play Hardball on Pricing, Says CEO
Halliburton Co. returned to operating profitability in North America for the first time in 2016 in the final three months, and equipment is coming off the cold stack and moving back into the onshore, if the price is right, CEO Dave Lesar said Monday.
Halliburton Sees Green Shoots, Surprises to Upside in 3Q, with North American Revenue Jumping 9%
Halliburton Co., the largest pressure pumper and completions expert in North America, swung to an unexpected profit in the third quarter, driven by “relentlessly managing costs” and a slightly improving market, CEO Dave Lesar said Wednesday.
Halliburton, U.S. Silica Move Record White Sand Load in Largest Unit Train Ever
Halliburton Co., which performs more pressure pumping in North America than any other oilfield services provider, said it moved with U.S. Silica Holdings Inc. the largest sand unit train of its kind to date, traversing a route from Illinois to Texas.