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 29, 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 29, 1999 registrant issued a press release entitled
Halliburton Divests Pathfinder LWD Business pertaining, among other things, to
an announcement that registrant has sold its logging-while-drilling and related
measurement-while-drilling business known as PathFinder to W-H Energy Services,
Inc.
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 29, 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: April 5, 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 6
March 29, 1999
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
March 29, 1999 Vice President-Investor Relations
214/978-2691
HALLIBURTON DIVESTS PATHFINDER LWD BUSINESS
DALLAS, Texas - Halliburton Company (NYSE:HAL) and W-H Energy Services,
Inc., jointly announced today that Halliburton has sold its
logging-while-drilling (LWD) and related measurement-while-drilling (MWD)
business known as PathFinder to W-H. The sale also included certain directional
drilling assets in the North Sea. Consideration paid to complete the sale was
not disclosed by Halliburton and W-H.
Halliburton has completed the sale of the business in order to comply
with the consent decree the company entered into with the U.S. Department of
Justice on September 29, 1998 to conclude antitrust review of Halliburton's 1998
merger with Dresser Industries, Inc.
Halliburton and W-H will cooperate in an orderly transition of the
PathFinder business to W-H. Halliburton will continue to provide separate LWD
services through its Sperry Sun business unit, which was acquired as part of the
merger with Dresser. In addition, Halliburton will continue to provide sonic LWD
services using its existing technologies, which it will share with PathFinder.
W-H Energy Services, Inc. is a privately owned, Houston-based, oilfield
service company which provides a wide range of oilfield services through its
nine subsidiaries. One of its subsidiaries, Thomas Energy Services, provides MWD
services and will be integrated with PathFinder to provide complete MWD and LWD
services to customers operating in the Gulf of Mexico, the North Sea and in
certain other international locations.
-more-
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Halliburton Company -2-
Halliburton Company, founded in 1919, is the world's largest provider
of products and services to the petroleum and energy industries. The company
serves its customers with a broad range of products and services through its
Energy Services Group, Engineering and Construction Group, and Dresser Equipment
Group business segments. The company's World Wide Web site can be accessed at
http://www.halliburton.com.
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