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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)
MARCH 4, 1999
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
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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 March 4, 1999 registrant issued a press release entitled Halliburton
Boosts Integrated Solutions Offerings pertaining, among other things, to an
announcement that registrant's Halliburton Energy Services' Integrated Solutions
operations and the Halliburton Energy Development business unit are being
combined. They will now operate as part of Halliburton Energy Services.
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 March 4, 1999.
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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: March 18, 1999 By: /s/ Susan S. Keith
----------------------------------
Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 5
March 4, 1999
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Dirk Vande Beek
March 4, 1999 Public Relations
Halliburton Company
713/676-8097
HALLIBURTON BOOSTS INTEGRATED SOLUTIONS OFFERINGS
Oil Services Company Combines Business Units to Better Serve Customers
Dallas, Texas--- Halliburton Company (NYSE: HAL) announced today that its
Halliburton Energy Services' Integrated Solutions operations and the Halliburton
Energy Development (HED) business unit are being combined. They will now operate
as part of Halliburton Energy Services (HES). This move is part of a three-year
initiative to integrate the diverse businesses of the company.
In 1996 Halliburton began to develop a lifecycle of the field integration
process that takes advantage of its unique capabilities to integrate services
together from the reservoir (HES and Landmark Graphics) to offshore facilities
(Brown & Root Energy Services) to downstream facilities (Kellogg Brown & Root).
HED was set up to facilitate the commercial development and project management
processes necessary to make these projects successful for its customers.
"We recognized at Halliburton that no participant in our industry could offer
this breadth of integrated services to our customers," said Dick Cheney,
Halliburton Chief Executive Officer. "With the merger of Halliburton Company and
Dresser Industries, this lifecycle development process has matured to the point
where I believe the skills to integrate all of our capabilities across the
Company now exists within the business units."
HES will use the combined resources and experience it has gained as market
leader in this area to continue to aggressively pursue its strategy of providing
integrated solutions offerings to its customers through creative commercial
arrangements and unique risk/reward sharing.
"The fact that we have reached this point in our organizational capabilities is
a tribute to all of the employees of HES, Landmark Graphics, BRES and HED," said
Halliburton President and Chief Operating Officer Dave Lesar. "The industry is
going through tough times right now, but we have the right team to succeed in
this market and to continue to add exceptional value for our customers. "
Founded in 1919, Halliburton Company is the world's leading diversified energy
services, engineering, construction, maintenance, and energy equipment company.
For more information, please contact our website at www.halliburton.com.
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