Halliburton – Buys Oil Clean Up Co Boots & Coots – Dick Cheney, What is Up His Sleeve Now?
Halliburton HAL and Boots & Coots (NYSE Amex: WEL) jointly announced today that Halliburton has entered into a definitive merger agreement to acquire all of the outstanding stock of Boots & Coots in a stock and cash transaction. Marc Edwards, Halliburton’s Senior Vice President of Completion and Production, said, “Optimizing economic production levels in both mature assets and unconventional gas resources requires increasing levels of pressure control and well intervention. The combination of Halliburton’s global hydraulic workover and coiled tubing deployed technologies, together with Boots & Coots’ well intervention and pressure control services will help us improve full life cycle returns for our customers. This is a natural addition to Halliburton’s extensive completion and production enhancement portfolio, further enabling integrated project workflows with improved reservoir recoveries.” Following completion of the transaction, a new product service line within Halliburton will be
