Guar Gum Purchases Prove Sticky Business as Halliburton Posts Record Second-Quarter 2012 Revenue

SUGAR LAND--July 24, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider Halliburton Company (NYSE:HAL) (Houston, Texas) reported record companywide revenues in the second quarter of 2012. Three of Halliburton's international regions saw record revenues, as did eight of its product service lines. However, profits were somewhat deflated by higher costs and stronger pricing pressure in North American production services--especially for guar gum, a blending additive used in the hydraulic fracturing processes that the company purchased in very large quantities. Net income for the quarter was reported to be $737 million, only about $2 million less than in second-quarter 2011.