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Nov 21, 2014
Nov 21, 2014
Nov 21, 2014

Exclusive: With Baker Hughes, Halliburton cements leading North Dakota role

By Ernest Scheyder

WILLISTON N.D. (Reuters) – Halliburton Co’s (HAL.N: Quote, Profile, Research, Stock Buzz) $35 billion takeover of Baker Hughes Inc (BHI.N: Quote, Profile, Research, Stock Buzz) will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters.

The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV (SLB.N: Quote, Profile, Research, Stock Buzz), as well as smaller peers Calfrac Well Services Ltd (CFW.TO: Quote, Profile, Research, Stock Buzz), Trican Well Service Ltd (TCW.TO: Quote, Profile, Research, Stock Buzz) and other oilfield services companies in North Dakota, the second-largest oil producer in the United States.

Nov 21, 2014

With Baker Hughes, Halliburton cements leading North Dakota role

, Nov 21 (Reuters) – Halliburton Co’s
$35 billion takeover of Baker Hughes Inc will create an
oilfield services powerhouse in North Dakota with more than half
the cementing market and a leading position in fracking,
according to data seen by Reuters.

The deal, announced on Monday, will help Halliburton better
compete with global leader Schlumberger NV, as well as
smaller peers Calfrac Well Services Ltd, Trican Well
Service Ltd and other oilfield services companies in
North Dakota, the second-largest oil producer in the United
States.

Nov 21, 2014
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