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)
NOVEMBER 21, 2001
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 November 21, 2001 registrant issued a press release entitled
"Halliburton Closes Deal to Acquire Magic Earth" pertaining, among other things,
to an announcement that an indirect wholly owned subsidiary of registrant merged
into Magic Earth, Inc., a leading 3-D visualization and interpretation
technology company. As a result of the stock-for-stock transaction valued at
$100 million, Magic Earth becomes a wholly owned business unit of registrant.
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 November 21, 2001.
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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: November 21, 2001 By: /s/ Susan S. Keith
----------------------------------
Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Description
20 Press Release Dated November 21, 2001
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Wendy Hall
November 20, 2001 Halliburton
(713) 676-5227
wendy.hall@halliburton.com
Rod Hotz
Landmark Graphics Corp.
(281) 368-5766
rhotz@lgc.com
Pamela Griffin
Magic Earth, Inc.
(832) 200-4706
pgriffin@magic-earth.com
HALLIBURTON CLOSES DEAL TO ACQUIRE MAGIC EARTH
DALLAS, Texas - Halliburton (NYSE: HAL) announces that the merger of an
indirect, wholly owned subsidiary of Halliburton into Magic Earth, Inc., a
leading 3-D visualization and interpretation technology company, was completed
today. As a result of the stock-for-stock transaction valued at $100 million,
Magic Earth becomes a wholly owned business unit of Halliburton.
This acquisition complements the full suite of integrated exploration,
drilling and production technologies from Landmark - Halliburton's wholly owned
business unit - by adding Magic Earth's real-time 3-D visual interpretation
technology.
"We believe that our oil and gas exploration customers will benefit
tremendously as a result of integrating key technologies provided by Magic Earth
and Landmark," said Dave Lesar, chairman, president and CEO of Halliburton. "We
see the integration of Magic Earth's software and Landmark's data infrastructure
and other leading software tools as a major step forward to the next level of
value creation."
Edgar Ortiz, president and CEO of Halliburton's Energy Services Group,
underscored the importance of the acquisition and the real-time reservoir
solutions for customers that become available. "This acquisition will allow us
to further differentiate ourselves in the area of real-time reservoir knowledge.
Magic Earth's 3-D visual interpretation solutions will significantly reduce the
time it takes to interpret seismic data, enabling customers to capture value
early in the reservoir life cycle."
"We're exceptionally pleased to be joining the Halliburton and Landmark
family," said Michael J. Zeitlin, the current chairman of Magic Earth. Zeitlin
will remain president and CEO of Magic Earth.
Magic Earth, founded in 1999, specializes in real-time volume visualization
and interpretation software and solutions, including consultation services for
interpretation projects, training and large-screen immersive visualization
centers. For additional information about Magic Earth, visit the company's Web
site at www.magicearth.com.
Landmark is the leading supplier of software and services for the upstream
oil and gas industry. The company's software solutions span exploration,
production, drilling, business decision analysis and data management. Landmark
offers a broad range of consulting services that enable customers to optimize
their technical, business and decision processes. Visit the Landmark Web site at
www.lgc.com for more information.
Halliburton, 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 and Engineering and Construction business segments. The company's
Web site can be accessed at www.halliburton.com.
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