HOUSTON May 18 Halliburton Co believes
it can raise prices more than 10 percent this year, executives
of the No. 2 oilfield service provider said on Thursday.
While that increase will be more many customers would like,
Halliburton said it needs to charge more if it its to provide
the services needed fuel the industry's nascent recovery,
"Pricing momentum continues to move in a positive manner,"
Jeff Miller, who will become the company's chief executive next
month, said in an interview. "Customer urgency is the
most-important part of that discussion today."
Prices for pressure pumping and other services won't jump,
though, as in the last industry boom, outgoing CEO Dave Lesar
"We and our customers have to co-exist in this environment,"
said Lesar, who will remain executive chairman. "Everybody has
got to make money."
Halliburton announced the leadership transition on Wednesday
(Reporting by Ernest Scheyder; Editing by David Gregorio)