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 27, 2000
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 27, 2000 registrant issued a press release entitled "McMoRan
and Halliburton Form Alliance to Develop 160 Blocks on Gulf of Mexico Shelf,"
pertaining to, among other things, the announcement that registrant and McMoRan
Exploration Co. have formed a strategic alliance to conduct operations for
McMoRan's recently announced major new oil and gas exploration program in the
Gulf of Mexico.
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 27, 2000.
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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 30, 2000 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 27, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Dirk Vande Beek
March 27, 2000 Halliburton Company
(713) 676-8097
[email protected]
Chris Sammons
McMoRan Exploration Co.
(504) 582-4474
[email protected]
MCMORAN AND HALLIBURTON FORM ALLIANCE
TO DEVELOP 160 BLOCKS ON GULF OF MEXICO SHELF
NEW ORLEANS, Louisiana and DALLAS, Texas -- McMoRan Exploration Co. (NYSE: MMR)
and Halliburton Company (NYSE: HAL) announced today the formation of a strategic
alliance to conduct operations for McMoRan's recently announced major new oil
and gas exploration and development program in the Gulf of Mexico. As previously
announced, McMoRan has acquired from Texaco Exploration and Production the right
to explore 89 oil and gas tracts and McMoRan purchased Shell Offshore Inc.'s,
interest in 56 exploratory leases, all in the Gulf of Mexico. These two
transactions, together with its current lease inventory, provide McMoRan
exploratory rights to 160 blocks covering approximately 750,000 gross acres and
the foundation for an aggressive exploration and development program.
McMoRan and Halliburton will develop an organizational structure to
include the skills, technologies and resources of both companies' personnel and
technical consultants. Halliburton Energy Services, Brown and Root Energy
Services, and Landmark Graphics Corporation, all business units of Halliburton
Company, will offer integrated products and services to the alliance to the
extent practicable, on an exclusive basis. This integrated team will carry out
McMoRan's oil and gas activities.
Chase Securities Inc. assisted McMoRan in forming this alliance, and
will arrange a $50 million bank facility for McMoRan's use in funding the
exploration program. Additionally, Halliburton will have the opportunity to
participate in McMoRan's development opportunities in this program by providing
a portion of the development financing. The alliance agreement, which is subject
to certain conditions, extends through June 30, 2003.
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Richard C. Adkerson, Co-Chairman, President and Chief Executive Officer
of McMoRan, stated, "We are pleased to announce this partnership with
Halliburton, a highly respected leader in the petroleum services industry. Our
companies have a long-standing and positive business relationship. We look
forward to working with Halliburton's people in making this program a success."
Dave Lesar, President and Chief Operating Officer of Halliburton
Company, stated, "In responding to the needs of our upstream customers, we
realize we have to be flexible and innovative. This alliance is indicative of
one of the ways we can create value through solutions and share in that value.
Halliburton looks forward to playing a major role in supporting McMoRan's
exciting new program."
Halliburton Energy Services provides products, services and integrated
solutions for oil and gas exploration, development, and production. Capabilities
range from discrete services to development of an entire field, or as in this
case, integrated support for an entire E&P program. With more than 300 service
centers in more than 90 countries, Halliburton possesses the global perspective
that is increasingly important for energy exploration and production.
Founded in 1919, Halliburton Company is the world's leading diversified
energy services, engineering, energy equipment, construction and maintenance
company. In 1999, Halliburton's consolidated revenues were $14.9 billion and it
conducted business with a workforce of approximately 100,000 in more than 120
countries. The company's World Wide Web can be accessed at
http://www.halliburton.com.
McMoRan is an independent public company engaged in the exploration,
development and production of oil and natural gas offshore in the Gulf of Mexico
and onshore in the Gulf Coast area; and the mining, purchasing, transporting,
terminaling, and marketing of sulphur. Additional information about McMoRan is
available on our web site (www.mcmoran.com).
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