Middle East Economic Survey

VOL. L

No 13

26-Mar-2007

Halliburton Earnings Warning Cites Drop In Gas Field Activity

Halliburton announced last week that it expected first quarter earnings to undercut analysts consensus estimates due to decreased drilling and completion activity in Canada and the Northern US. The statement is being viewed by some analysts as a possible signal that the US natural gas boom is coming to an end, although they recognize that drilling activity remains strong in the Middle...