Halliburton CEO Jeff Miller sits at the helm of the company at a momentous point in its history: the 100th anniversary this year of solving oil and gas field problems. In 1919 founder Erle P. Halliburton started an oil well cementing business in Duncan, Okla., with a borrowed wagon, a team of mules and a pump.
Today, Halliburton services E&P operations around the world, with 60,000 employees in 80-some countries.
“The biggest bets we make are on our people,” Miller said. “The business has changed many times over, but our company doesn’t thrive for 100 years without fantastic people.”
E&P recently spoke to Miller at the company’s headquarters in Houston.
Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its CEO said on March 5, starting with pilot programs in the Magdalena Medio region.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Oil and gas operating costs in the U.S. shale basins have come down recently following a drop in crude prices, BP’s head of upstream Bernard Looney said on Feb. 5.