Halliburton

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.

October 17, 2016
Attrition, Efficiency Have Tightened Pressure-Pumping Capacity, Halliburton Says

Attrition, Efficiency Have Tightened Pressure-Pumping Capacity, Halliburton Says

When it comes to the peak U.S. rig count, 900 is the new 2,000, Halliburton Co. President Jeff Miller told investors during the company’s 2Q2016 earnings call Wednesday.

July 21, 2016
E&Ps See ‘Light at the End of a Tunnel and Not an Oncoming Train,’ Says Halliburton CEO

E&Ps See ‘Light at the End of a Tunnel and Not an Oncoming Train,’ Says Halliburton CEO

The North American onshore industry has shifted its thinking towards recovery, and Halliburton Co.’s second quarter results likely represent the bottom as exploration and production (E&P) companies look ahead to growth, CEO David Lesar said.

July 20, 2016
Peak Rig Count? Nine Hundred the New 2,000, Says Halliburton

Peak Rig Count? Nine Hundred the New 2,000, Says Halliburton

When it comes to the peak U.S. rig count, 900 is the new 2,000, Halliburton Co. President Jeff Miller told investors during the company’s 2Q2016 earnings call Wednesday.

July 20, 2016

ValueAct to Pay Record $11M Penalty For Attempting to Influence Halliburton, Baker Merger

Activist investment firm ValueAct on Tuesday agreed to pay a record $11 million to the U.S. Justice Department to settle allegations that it attempted to influence the Baker Hughes Inc. and Halliburton Co. merger, which has since been canceled.

July 13, 2016
North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America’s oil and gas industry is “coming off the bottom,” but the recovery is unlikely to be a straight line, Halliburton Co.’s financial chief said Tuesday.

June 22, 2016
Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business

Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business

Halliburton Co. and Baker Hughes Inc. terminated their merger agreement on Sunday, ending an 18-month saga in which U.S. and European regulators challenged the multi-billion dollar tie-up.

May 2, 2016
Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business

Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business

Halliburton Co. and Baker Hughes Inc. terminated their merger agreement on Sunday, ending an 18-month saga in which U.S. and European regulators challenged the multi-billion dollar tie-up.

May 2, 2016
Halliburton Cold Stacks Pressure Pumping Across North America on ‘Excess Service Capacity’

Halliburton Cold Stacks Pressure Pumping Across North America on ‘Excess Service Capacity’

Halliburton Co., which signaled that its mega-merger with Baker Hughes Inc. may be on the rocks, also warned that the North American drilling market is nowhere near an upturn.

April 25, 2016

Halliburton-Baker Hughes Merger Dead? Saturday Deadline Looms

Halliburton Co. laid off more than 6,000 additional people during the first quarter, and it signaled that its mega-merger with Baker Hughes Inc. is in danger of collapsing.

April 25, 2016