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In 1998, Dresser merged with its main rival Halliburton. [1] Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five ...
On July 5, 1961, the company changed its name to the Halliburton Company. In 1963, Halliburton was the first company in Oklahoma to receive the Presidential "E" for Export flag in recognition of notable contributions to foreign trade. [22] Halliburton opened a 500,000 sq ft (46,000 m 2) manufacturing center in Duncan, Oklahoma, in 1964. [22]
In 2018, the Dresser-Rand Government Business unit of Siemens Government Technologies was sold to Curtiss-Wright Corporation for $212.5 million in cash. [19] At the time of acquisition, Dresser-Rand was an exclusive supplier of steam turbines and main engine guard valves across all aircraft carrier programs.
After Halliburton acquired Dresser Industries, KBR was created in 1998 when M.W. Kellogg merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. In 2006, the company separated from Halliburton and completed an initial public offering on the New York Stock Exchange. [4]
Wellstream was acquired by Dresser Industries in 1995 and subsequently became part of Halliburton when it merged with Dresser in 1998. Halliburton sold off Wellstream to a Candover -led consortium for $136 million in 2003, [ 3 ] which in turn listed the firm on the London Stock Exchange in April 2007. [ 4 ]
The company was purchased by Dresser Industries in 1992, which split the pump division into Wheatley Gaso Inc. and the valve division into Wheatley Valve Operations. Halliburton purchased Dresser Industries, and Wheatley Valve Operations continued as a subsidiary until it was closed in 1999. [26] Wheatley Gaso remains in operation. [1]
A 1998 merger between Halliburton and Dresser Industries attracted the criticism of some Dresser executives for Halliburton's lack of accounting transparency. [75] Halliburton shareholders pursued a class-action lawsuit alleging that the corporation artificially inflated its stock price during this period, though Cheney was not named as an ...
Central Airlines began service in 1954 using Douglas DC-3s on flights to Dallas and Fort Worth, as well as to Oklahoma City, with a stop in Lawton. In 1967 Central merged into the original Frontier Airlines, which used Convair 580 aircraft on its flights until ending service in 1972. Mid-Continent Airlines, a small commuter airline at the time ...