View:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
MAY 7, 1997
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
Page 1 of 5 Pages
The Exhibit Index Appears on Page 4
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item
any events, with respect to which information is not otherwise
called for by this form, that the registrant deems of importance
to security holders.
On May 7, 1997, registrant issued a press release entitled
Halliburton Purchases Minority Interest in PES pertaining, among
other things, to an announcement that a subsidiary of registrant
purchased a 26% ownership interest in Petroleum Engineering
Services.
The foregoing summary is subject to the full text of the
press release with respect thereto, a copy of which is attached
hereto as Exhibit 20, which exhibit is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial
information and exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated May 7, 1997.
Page 2 of 5 Pages
The Exhibit Index Appears on Page 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
HALLIBURTON COMPANY
Date: May 7,1997 By: /s/ Susan S. Keith
-----------------------------
Susan S. Keith
Vice President, Secretary and
Corporate Counsel
Page 3 of 5 Pages
The Exhibit Index Appears on Page 4
EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
May 7, 1997 5 of 5
Incorporated by Reference
Page 4 of 5 Pages
The Exhibit Index Appears on Page 4
FOR IMMEDIATE RELEASE Contacts
Media: Brandon Lackey
(713) 624-3483
Investor Relations: Guy Marcus
(214) 978-2691
HALLIBURTON PURCHASES MINORITY INTEREST IN PES
HOUSTON, Texas (May 7, 1997) - Halliburton Energy Services and Petroleum
Engineering Services (PES) announced today the purchase by Halliburton of a
26% ownership interest in PES. This development is a further
strengthening of the alliance between the two organizations announced last
September for the development and delivery of intelligent well completion
systems. Sometimes called "smart wells," these new completions
can help oil and gas companies reduce operating expenditures and
enhance hydrocarbon recovery through improved reservoir management.
Zeke Zeringue, president of Halliburton Energy Services,
said, "This investment by Halliburton helps assure alignment with PES in
our cooperative effort to continue to bring leading-edge technologies to
the emerging intelligent well market. We believe that smart well
technology will revolutionize well completions in the industry and
we're pleased to be strengthening our relationship with PES to provide
the preferred solution to our customers."
"This relationship also gives us the opportunity to integrate
another component into Halliburton's broad completion product
offerings," added Zeringue, "further strengthening our capabilities in
this important area."
"This investment is a major step forward for the PES group," said
Larry Kinch, chairman of PES. "It will provide the financial platform
and access to the global infrastructure we need to expand our
business worldwide." Kinch went on to say that, by integrating
technologies and services, Halliburton and PES are positioned to offer
"the world's premier solution for surface controlled reservoir
monitoring and management of multilateral wells."
Headquartered in Aberdeen, Scotland, Petroleum Engineering
Services is a leading provider of specialist well completions and
intervention products, services and solutions. Since its founding in
1986, the company has grown its revenues to over 16 million British
pounds and employs more than 230 people.
Halliburton Energy Services Inc., a Halliburton Company organization
(NYSE:HAL), is a leading supplier of products, services and integrated
solutions to the energy industry on a global basis.
# # #
Page 5 of 5 Pages
The Exhibit Index Appears on Page 4