Halliburton Readying For North American E&P Capex Cuts

摘要

Halliburton Co. isn’t reporting much impact to its North American business from plunging oil prices yet, but adjustments are likely to occur through 2015 as operators recalibrate, CFO Mark McCollum said Wednesday. McCollum soon will be stepping down from his financial post to take over as chief integration officer for the Halliburton takeover of Baker Hughes Inc., which is expected sometime in 2015 (see Shale Daily, Nov. 17). He discussed those integration plans, as well as the outlook for the oilfield service (OFS) giant at the Capital One Ninth Annual Energy Conference.