Halliburton (HAL) investor relations material

Oil and Natural Gas Services

Halliburton is an American company with multinational operations active in the oil and energy sector. The company’s primary focus is on providing products and services for the exploration, development, and production of oil and natural gas, primarily through fracking. Halliburton's offering include a wide range of services such as locating hydrocarbons, managing geological data, drilling and formation evaluation, well construction, and optimizing production through the life of the field. The company has joint headquarters in Houston and Dubai, and its shares are listed on the NYSE.

Oil Well Cementing

The company was founded in 1919 by Erle P. Halliburton. After borrowing a wagon, a team of mules, and a pump, Halliburton built a wooden mixing box and started an oil well cementing business. The company quickly grew, expanding its operations beyond Oklahoma to Texas and Louisiana. During World War II, Halliburton was a key supplier of cementing services to the petroleum industry, which in turn was critical to the war effort. Following the war, Halliburton branched into construction, engineering, and other fields. Today, it’s one of the largest companies in the world of its kind. Some other companies operating in the same sector include Schlumberger Limited, Baker Hughes Company, and Weatherford International.

Drilling and Evaluation

This segment encompasses services and products that are crucial in the formation evaluation, drilling, and construction of oil and natural gas wells. Halliburton offers directional drilling services, which involve steering a drill bit to access reservoirs at various angles, rather than just vertically. This is complemented by their logging-while-drilling and measurement-while-drilling services, which provide real-time data about the geological formation being drilled. It also offers wireline and perforating services, which involve sending specialized equipment down into the well to perform various tasks such as evaluating the formation, managing well integrity, and placing charges to create perforations through which oil or gas can flow.

Completion and Production

This segment includes services and products that help optimize the production of oil and natural gas wells and maximize their efficiency. Halliburton provides pressure pumping, which is a key part of hydraulic fracturing, a process used to extract oil and gas from rock formations. It also offers well intervention services, which are used to maintain, enhance, or extend the production of an oil or gas well.

Additionally, Halliburton supplies cementing services, which involve the use of specialized cement to seal the well casing and isolate the different sections of the wellbore to prevent fluid migration and ensure well integrity. Beyond these core services, Halliburton also offers a range of digital solutions and software for reservoir modeling, drilling automation, and production optimization.