Friday, July 26, 2013

Halliburton Pleads Guilty

Somehow this news is not really a big surprise.

Halliburton Energy Services has agreed to plead guilty to destroying evidence in connection with the 2010 Gulf oil spill, the Department of Justice said Thursday.

Federal officials said in a news release that a criminal information charging Hallburton with one count of destruction of evidence was filed in federal court in Louisiana.

Halliburton has agreed to pay the maximum fine, be on probation for three years and continue to cooperate with the government’s criminal investigation, said the news release, which did not spell out the fine amount.

The Houston-based company has also made a $55 million voluntary contribution to the National Fish and Wildlife Foundation. It was not a condition of the court agreement, the news release says.

Oh, that contribution to the foundation is a nice touch: “See, we’re really not all evil.  Here, have the change that we found in the sofa cushions.”

And that’s not all:

Halliburton Co, the largest provider of pressure pumping services used in hydraulic fracturing, said on Thursday it had also been contacted by the U.S. government regarding potential antitrust issues in the pressure pumping market.

Halliburton said it had received an information request from the Department of Justice. In a quarterly filing on Wednesday, rival Baker Hughes Inc disclosed the receipt of a civil investigative demand from the DOJ on May 30.

“We understand there have been other participants in the industry who have received similar correspondence from the DOJ, and we do not believe that we are being singled out for any particular scrutiny,” Halliburton said in a statement.

Halliburton, without disclosing what the government was seeking, said it was cooperating with the investigation.

What ever happened to the good old days when a company could do whatever they wanted?  What’s good for Halliburton is good for America, right?

2 barks and woofs on “Halliburton Pleads Guilty

  1. If Dick Cheney were still running the company this would never have happened – the conviction and penalty, that is.

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