Halliburton 2013 Annual Report Download - page 19

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The potential environmental impacts of hydraulic fracturing have been studied by numerous government entities and
others. In 2004, the United States Environmental Protection Agency (EPA) conducted an extensive study of hydraulic fracturing
practices, focusing on coalbed methane wells, and their potential effect on underground sources of drinking water. The EPA’s
study concluded that hydraulic fracturing of coalbed methane wells poses little or no threat to underground sources of drinking
water. At the request of Congress, the EPA is currently undertaking another study of the relationship between hydraulic
fracturing and drinking water resources that will focus on the fracturing of shale natural gas wells.
We have made detailed information regarding our fracturing fluid composition and breakdown available on our
internet web site at www.halliburton.com. We also have proactively developed processes to provide our customers with the
chemical constituents of our hydraulic fracturing fluids to enable our customers to comply with state laws as well as voluntary
standards established by the Chemical Disclosure Registry, www.fracfocus.org.
At the same time, we have invested considerable resources in developing our CleanSuite™ hydraulic fracturing
technologies, which offer our customers a variety of environment-friendly alternatives related to the use of hydraulic fracturing
fluid additives and other aspects of our hydraulic fracturing operations. We created a hydraulic fracturing fluid system
comprised of materials sourced entirely from the food industry. In addition, we have engineered a process to control the growth
of bacteria in hydraulic fracturing fluids that uses ultraviolet light, allowing customers to minimize the use of chemical
biocides. We are committed to the continued development of innovative chemical and mechanical technologies that allow for
more economical and environmentally friendly development of the world’s oil and natural gas reserves.
In evaluating any environmental risks that may be associated with our hydraulic fracturing services, it is helpful to
understand the role that we play in the development of shale natural gas and shale oil. Our principal task generally is to manage
the process of injecting fracturing fluids into the borehole to “stimulate” the well. Thus, based on the provisions in our contracts
and applicable law, the primary environmental risks we face are potential pre-injection spills or releases of stored fracturing
fluids and potential spills or releases of fuel or other fluids associated with pumps, blenders, conveyors, or other above-ground
equipment used in the hydraulic fracturing process.
Although possible concerns have been raised about hydraulic fracturing operations, the circumstances described above
have helped to mitigate those concerns. To date, we have not been obligated to compensate any indemnified party for any
environmental liability arising directly from hydraulic fracturing, although there can be no assurance that such obligations or
liabilities will not arise in the future.
Working capital
We fund our business operations through a combination of available cash and equivalents, short-term investments, and
cash flow generated from operations. In addition, our revolving credit facility is available for additional working capital needs.
Web site access
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to
those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934 are made available free of
charge on our internet web site at www.halliburton.com as soon as reasonably practicable after we have electronically filed the
material with, or furnished it to, the Securities and Exchange Commission (SEC). The public may read and copy any materials
we have filed with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. Information on
the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. The SEC maintains an
internet site that contains our reports, proxy and information statements, and our other SEC filings. The address of that web site
is www.sec.gov. We have posted on our web site our Code of Business Conduct, which applies to all of our employees and
Directors and serves as a code of ethics for our principal executive officer, principal financial officer, principal accounting
officer, and other persons performing similar functions. Any amendments to our Code of Business Conduct or any waivers from
provisions of our Code of Business Conduct granted to the specified officers above are disclosed on our web site within four
business days after the date of any amendment or waiver pertaining to these officers. There have been no waivers from
provisions of our Code of Business Conduct for the years 2013, 2012, or 2011. Except to the extent expressly stated otherwise,
information contained on or accessible from our web site or any other web site is not incorporated by reference into this annual
report on Form 10-K and should not be considered part of this report.
Executive Officers of the Registrant
The following table indicates the names and ages of the executive officers of Halliburton Company as of February 7,
2014, including all offices and positions held by each in the past five years:
Name and Age
Offices Held and Term of Office
James S. Brown
(Age 59)
President, Western Hemisphere of Halliburton Company, since January 2008