Profile: Halliburton Company (HAL)

Halliburton Company, incorporated in 1924, provides a variety of services and products to customers in the energy industry. The Company operates under two divisions: the Completion and Production, and the Drilling and Evaluation segment. Halliburton Company offers a suite of services and products to customers through its two business segments for the exploration, development and production of oil and gas. In October 2008, the Company acquired Pinnacle Technologies, Inc. (Pinnacle), a provider of microseismic fracture mapping services and tiltmeter mapping services. In July 2008, it acquired the remaining 49% interest in WellDynamics B.V. (WellDynamics) from Shell Technology Ventures Fund 1 B.V. (STV Fund). In June 2008, Halliburton Company acquired Protech Centerform, a provider of casing centralization services. In May 2008, it acquired Knowledge Systems Inc. (KSI), a provider of combined geopressure and geomechanical analysis software and services.

Completion and Production

The Company’s Completion and Production segment offers cementing, stimulation, intervention and completion services. This segment consists of production enhancement services, completion tools and services, and cementing services. Production enhancement services include stimulation services, pipeline process services, sand control services, and well intervention services. Stimulation services optimize oil and gas reservoir production through a variety of pressure pumping services, nitrogen services, and chemical processes, known as hydraulic fracturing and acidizing. Pipeline process services include pipeline and facility testing, commissioning, and cleaning via pressure pumping, chemical systems, specialty equipment, and nitrogen, which are provided to the midstream and downstream sectors of the energy business.

Sand control services include fluid and chemical systems and pumping services for the prevention of formation sand production. Well intervention services enable well intervention and continuous pipe deployment capabilities through the use of hydraulic workover systems and coiled tubing tools and services. Completion tools and services include subsurface safety valves and flow control equipment, surface safety systems, packers and specialty completion equipment, intelligent completion systems, expandable liner hanger systems, sand control systems, well servicing tools and reservoir performance services. Reservoir performance services include testing tools, real-time reservoir analysis and data acquisition services. Cementing services involve bonding the well and well casing. Its cementing service line also provides casing equipment.

Drilling and Evaluation

The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and well construction solutions that enable customers to model and measure their well placement and reservoir evaluation activities. This segment consists of fluid services, drilling services, drill bits, wireline and perforating services, software and asset solutions and project management services. Fluid services provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services for oil and gas drilling, completion, and workover operations.

Drilling services provides drilling systems and services. These services include directional and horizontal drilling, measurement-while-drilling, logging-while-drilling, surface data logging, multilateral systems, underbalanced applications and rig site information systems. Its drilling systems offer directional control for wellbore placement. Real-time operating capabilities enable the monitoring of well. Drill bits provides roller cone rock bits, fixed cutter bits, hole enlargement and related downhole tools and services used in drilling oil and gas wells. In addition, coring equipment and services are provided to acquire cores of the formation drilled for evaluation. Wireline and perforating services include open-hole wireline services that provide information on formation evaluation, including resistivity, porosity, density, rock mechanics, and fluid sampling.

Halliburton Company offers cased-hole and slickline services, which provide cement bond evaluation, reservoir monitoring, pipe evaluation, pipe recovery, mechanical services, well intervention, perforating and borehole seismic services. Perforating services include tubing-conveyed perforating services and products. Borehole seismic services include fracture analysis and mapping. Software and asset solutions is a supplier of integrated exploration, drilling and production software information systems, as well as consulting and data management services for the upstream oil and gas industry. The Drilling and Evaluation segment also provides oilfield project management and integrated solutions to independent, integrated and national oil companies.