Halliburton: A Prominent Icon in the Gas and Oil Industry

Halliburton is one of the world’s leaders in providing products and services to players in the energy sector. With operations in over 80 countries and 70,000 strong workforce, Halliburton helps gas and oil companies in the life cycle of oil reservoir; beginning with locating hydrocarbons, to managing and monitoring geological data, to oil drilling, and to formation evaluation. Halliburton also provides assistance in the construction of wells and optimization of the oil field’s life span.

Halliburton was founded in 1919. The company holds a rich history of continuous innovation beginning with Erle P. Halliburton, the company’s founder. Erle borrowed a wagon pulled by a team of mules, and an old pump. With just a wooden mixing box he built out of old stock of lumber, Erle started a business of cementing oil wells in Duncan, Oklahoma.

What started as a small business grew to a company that understands the importance of research. In fact, Halliburton was able to build his first research lab in the early 1930s. Halliburton started testing cement mixes and started to offer acidizing services so that resistance of limestone formations are broken down. Acidizing increased the production of gas and oil.

Soon, Halliburton started offshore cementing contracts with the use of barge-mounted cement mixer at a Creole Field located in the Gulf of Mexico. This contract marked the beginning of what will become the most extensive offshore cementing service in the world.

Halliburton started to become a global company in 1926. It started its operations in the eastern hemisphere by selling five cementing units to a Burma-based English company. Then, Erle’s brothers moved to Alberta, Canada to begin their operations there. In 1940, Halliburton commenced operations in Venezuela. More expansions to the Latin American markets started in 1946 when operations opened in Peru, Ecuador and Colombia. Halliburton also took the Middle East markets with a contract entered with the Arabian-American Oil Company.

Halliburton also expanded to Europe with the opening of its operations in Italy, Germany and England in 1951. Then in 1984, Halliburton also moved to Mainland China. In 1991, Halliburton also entered Moscow.

Today, Halliburton offers the widest array of products and services with integrated solutions to gas and oil companies throughout the world.