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Halliburton Receives Hart's Oil And Gas World Award For Best New Technology
HOUSTON, Texas (September 7, 1999) - At a recent meeting of the Texas Independent Producers and Royalty Owners Association (TIPRO), Hart's Oil and Gas World magazine awarded Marathon Oil Company the Best of the Gulf Coast award for Marathon's use of Halliburton's Magnetic Resonance Imaging Logging technology to optimize fracture stimulation treatments. In recognition of the essential role played by Halliburton Energy Services, a business unit of Halliburton Company (NYSE: HAL), Hart's awarded HES a Certificate of Achievement, Best of the Gulf Coast 1999 for best new technology.
The award recognizes Halliburton's success in applying the advanced technology of MRIL to propped fracture treatments.
"It is an honor to be recognized for our technological capabilities," said Edgar Ortiz, president, Halliburton Energy Services. "Our employees are dedicated to developing, perfecting and championing technology that adds value to our customers' assets and increases our value to the industry."
Headquartered in Houston, Halliburton Energy Services provides products, services and integrated solutions for oil and gas exploration, development and production. In 1949, HES (then known as Halliburton Oil Well Cementing Company) performed the industry's first commercial hydraulic fracture stimulation. Since then, HES has led the industry in developing and applying new fracturing technology.
Halliburton Company, founded in 1919, is the world's leading diversified energy services, construction, maintenance and energy equipment company. The company employs some 1000,000 people worldwide and provides services through its Energy Services Group, Engineering and Construction Group, and Dresser Equipment Group.
Contact
Zelma W. Branch
Halliburton Company
(p) 713.676.7067
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