Halliburton

Demand for onshore pressure pumping services has all but evaporated, but conditions may deteriorate further by late November into the first quarter of 2016, Halliburton Co. CEO Dave Lesar said Monday. The fourth quarter average horizontal rig count could drop about 15-20% sequentially, the acting CFO warned.

Halliburton Co. is sending out another round of layoff notices within the next two weeks, with most of the jobs lost, including management positions, to affect North America.

Halliburton Co. has agreed to pay almost $18.3 million total in overtime wages to 1,016 U.S. employees in one of the largest recoveries of its type in years, the Department of Labor said Tuesday.

Halliburton Co., which performs more onshore well stimulations than any other operator in North America, is carving out a niche in the refracturing market in a partnership with private equity giant BlackRock.

Halliburton Co. and Baker Hughes Inc. both beat market expectations in the final three months of 2014, but a sharp turnaround in North American business activity has clouded expectations for 2015, company CEOs said Tuesday.

Halliburton Co. isn’t reporting much impact to its North American business from plunging oil prices yet, but adjustments are likely to occur through 2015 as operators recalibrate, CFO Mark McCollum said Wednesday.

Halliburton Co. has reached a tentative $1.1 billion settlement with a majority of plaintiffs involved in the 2010 Macondo well blowout in the Gulf of Mexico.

Halliburton Co., one of the largest onshore oilfield services providers, has obtained a long-term agreement through 2018 with Hi-Crush Partners LP for sand to use in hydraulic fracturing (fracking) operations.

A former Halliburton Co. manager was charged by the U.S. Department of Justice (DOJ) on Thursday with destroying evidence linked to the Macondo well blowout in 2010.