Halliburton Introduces EarthStar 3DX for Advanced Reservoir Mapping
Halliburton Company (NYSE:HAL), a leading provider of products, services, and integrated solutions, has strengthened its edge on reservoir mapping technology in the oil and gas industry. On May 19, the company launched EarthStar 3DX, the industry's first 3D horizontal look-ahead resistivity service.
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The new reservoir mapping technology is designed to make it easy for operators to obtain geological insights into horizontal wells up to 50 feet. EarthStar 3DX's competitive edge stems from its ability to provide real-time data, allowing operators to identify hazards inside wells and make informed decisions.
The ground-breaking technology will offer substantial advantages by enabling operators to modify healthy trajectories to reduce risk, enhance wellbore placement, and expand reservoir contact. The technology also provides early intervention measures to alleviate wellbore instability issues and promote safe and effective operations.
The unveiling of the game-changing reservoir mapping technology comes against Halliburton's warning that tariffs could impact drilling activities in the oil industry. Many of the company’s customers are evaluating their drilling activities and plans. Weak oil prices have exacerbated the situation, sending the stock down 24% year. The company has already warned that its earnings could take a hit of between 2 cents and 3 cents due to trade tensions.
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