Allen and Alan P. Business Week , April 25, Forbes , December 22, Kenny A. Evetts Haley, Erle P. Halliburton: Genius with Cement Duncan, Oklahoma, Halliburton Company, Annual Report , Archie P.
Time , December 21, The following, adapted from the Chicago Manual of Style , 15th edition, is the preferred citation for this entry. All copyrighted materials included within the Handbook of Texas Online are in accordance with Title 17 U.
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Halliburton Co. Orrin Hatch. In the last cycle they gave Joel Brinkley, wrote in the February 13, , New York Times that "As the accusations and investigations of the Halliburton Company's federal contracts in Iraq expand in size and number, Democrats say they will use the company's ties to the Bush administration as a campaign issue, and Halliburton is responding with television advertisements implying that it is being unfairly singled out.
Halliburton is one of the largest energy company contributors to both Republican and Democratic candidates for Congress. Cornyn, for his part, has consistently voted with the coal industry on energy, war and climate bills.
Contributions like this from fossil fuel companies to members of Congress are often seen as a political barrier to pursuing clean energy. More information on oil industry contributions to Congress can be found at FollowtheOilMoney. While imprisoned in the container, Jamie Leigh Jones, who is originally from Houston, Texas, convinced a sympathetic guard to loan her a cell phone. She called her father in Texas and told him what happened, and that she was being held against her will. Her father called Representative Ted Poe R-Texas who arranged for representatives to free Jones from the container and help her get out of Baghdad to safety.
Jones filed a federal lawsuit over the attack, but after two years the Justice Department has not brought any criminal charges in the matter, and Congressman Poe is unable to get any answers from the State Department or the Justice Department on the status of the investigation into the attack. The following comes from Halliburton's website halliburton. In , Erle P. When Erle Halliburton died in , "the Company had offices in 22 states and 20 foreign countries.
Dresser Industries was founded in by Solomon Dresser "during the nation's first oil boom late in the 19th century. A patent for a cylindrical packer in launched Dresser's oilfield products manufacturing business In , Dresser Industries acquired M. Kellogg , a pipe fabrication business started by Morris W.
Kellogg in Kellogg created technology for petroleum refining and petrochemical processing and built facilities based on those technologies. Vaughn as vice chairman.
Five members of the Dresser board of directors, including William E. Bradford , Lawrence S. Eagleburger , Ray L. Hunt , J. Landis Martin and Jay A. When Halliburton acquires another company, it often integrates that company within one of its service lines. These run the gamut from drilling products and services to production solutions, project management , and much more. Sometimes, its plans don't go as expected.
That plan didn't come to fruition because of antitrust concerns, as regulators in the U. Antitrust laws promote healthy competition and prevent inflated prices as the case would have been with Halliburton's proposed acquisition of Baker Hughes. In late July , Halliburton announced plans to acquire Athlon Solutions, a provider of specialty water and process treatment chemicals as well as other related products. Athlon joined Halliburton's multi-chem business line to provide chemicals for specialty oilfield services.
The Athlon acquisition was finalized for an undisclosed amount of money. When Halliburton made the announcement, the company's CEO explained that the purchase was part of Halliburton's strategy to develop its reactive chemistry capabilities in the U. The following are three of Halliburton's more important subsidiaries, all of which help demonstrate the company's great history with strategic acquisitions.
Baroid is part of Halliburton's Drilling and Evaluation segment, which is responsible for the modeling of oil and natural gas fields and reservoirs. Baroid supplies of drilling fluid additives, performance additives, completion fluids, and related products and services.
It also helps oil and gas companies drill fields with precision and optimize the extraction of hydrocarbons. Baroid became a part of Halliburton in when Halliburton acquired Dresser Industries, a major rival at the time, in an all-stock transaction. Halliburton originally purchased Landmark Graphics in in a stock-for-stock transaction similar to the Dresser deal. One of these solutions is OpenWorks, a data management system that organizes data and information generated from drilling wells.
OpenWorks facilitates communication between parties on projects and encourages collaboration to optimize well locations. Sperry provides the company's clients with systems and services for a host of drilling operations, such as horizontal and directional drilling , as well as systems for information gathering on rig sites.
It also offers engineering optimization that helps Halliburton's clients reduce the risk at drilling sites and increase productivity. Sun Oil Company's Joseph N. Pew, Jr. The resulting company was renamed Sperry-Sun. NL packaged Sperry-Sun into Baroid in and spun off Baroid amid hard times in the oil industry before being acquired by Dresser and, eventually, Halliburton. Company Profiles. Top Stocks. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.
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