Halliburton CEO: Natural gas rebound is unlikely this year

07/20/2009 | Houston Chronicle (tiered subscription model) · Google

Halliburton's second-quarter profit dropped 48%, from $504 million a year ago to $262 million, an indicator the industry is not yet back on its feet after being knocked down by the recession and diminished demand. CEO Dave Lesar said natural gas prices and drilling activity likely will not rebound this year.

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Houston Chronicle (tiered subscription model) · Google

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