Halliburton was founded
in 1919. Ninety years later, Halliburton has 50,000 employees in 70
countries, and serves the oil and gas industry with formation
evaluation, location of hydrocarbons, management of geological data,
well construction and completion, drilling, and production
optimization. Halliburton's main competitors are
Schlumberger and
Baker-Hughes.
In 2007, Halliburton split into two divisions: Drilling &
Evaluation and Completion & Production.
Drilling and Evaluation consists of Baroid Fluid Services, Landmark,
Security Drill Bits & Services (DBS) Drill Bits, Sperry
Drilling Services, and Wireline & Perforating Services.
Completion and Production consists of Completion Tools &
Services, Production Enhancement Services and
WellDynamics.
Since Halliburton’s first commercial fracturing in 1949, more than 1
million wells have been fraced by the oil and gas industry in the
U.S.
North America accounted for 46% of Halliburton’s 2008 revenues.
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