2017 Press Releases

RapidStart® Initiator CT Sleeves Set Record for Successful Performance After 32 Months Down Hole Halliburton Frac Sleeves Prove Repeated Reliability in Murphy E&P’s DUC Wells

HOUSTON –January 23, 2017 – Halliburton (NYSE: HAL) announced today that two of its RapidStart® Initiator CT (casing test) sleeves opened after 32 months down hole. Thirty-two months is an industry record for the successful operation of a toe sleeve.

Halliburton customer Murphy E&P (NYSE:MUR) needed to perform a true casing integrity test, and also wanted to eliminate operational inefficiencies. They deployed the RapidStart Initiator CT frac sleeve system as an interventionless means of establishing a flow path at the toe of the well.

Both sleeves opened successfully after 32 months down hole in two separate wells of over 7,000 feet with static bottomhole temperatures up to 215 degrees Fahrenheit. The sleeves also were functional at a total pressure of 10,000 psi, and provided a 30-minute casing integrity test.

"Typically, operators activate toe or frac sleeves installed in the well after four months, but in a depressed market, operators have waited two or three years for wells to be completed," said Artie Burke, vice president of the Halliburton Completion Tools business line. "The concern with using frac sleeves in completion designs for drilled and uncompleted (DUC) wells was the possibility that the sleeves might not open successfully after a prolonged time down hole. The performance of our RapidStart Initiator CT sleeves gave this operator the confidence to manage the risks associated with completing wells after an extended timeframe."

For more information please visit the Halliburton Well Completions website.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 50,000 employees, representing 140 nationalities and operations in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company's website at www.halliburton.com. Connect with Halliburton on FacebookTwitterLinkedIn, and YouTube.


For Investors:

Lance Loeffler
Investor Relations

For Media:

Emily Mir
Industry Communications