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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Techfan who wrote (42586)	4/19/1999 10:06:00 AM
From: Teddy	Respond to of 95453

hmmm, There has been a lot of explosions and fires at refineries lately. Maybe Boots and Coots (WEL) will help them put the fires out and clean up the mess: HALLIBURTON EXECUTIVE NAMED TO BOOTS & COOTS BOARD OF DIRECTORS PR Wire April 19, 1999, 4:44 a.m. PT Boots & Coots and Halliburton Expand Scope of Strategic Alliance Expanded Commitment by Energy Services Leader for Global Alliance Expansion of Boots & Coots Service to Alliance HOUSTON, April 19 /PRNewswire/ -- Boots & Coots International Well Control (Amex: WEL) today announced that it is expanding the scope of its existing alliance with Halliburton Energy Services, of Halliburton Company (NYSE: HAL). Additionally, it announced that Jed DiPaolo, Senior Vice President-Global Business Development of Halliburton Energy Services, has agreed to serve on Boots & Coots Board of Directors. Larry Ramming, Boots & Coots Chief Executive Officer said, "The expansion of our alliance with Halliburton affirms as well as signifies the commitment both companies have toward this relationship. In 1995 Boots & Coots and Halliburton Energy Services entered into a global Well Control Alliance and created WELLCALL(SM). For the first time the Global energy client base could command fully integrated well control services with "ONE CALL(SM)." Today, Boots & Coots is proud to announce that Halliburton Energy Services and Boots & Coots have redefined the terms of this alliance under expanded dimensions beyond well control and extended the term of the agreement." The Company believes that this relationship represents the continued commitment under which both companies work to effectively service its shared client base on an enhanced, expanded and global basis. The ultimate goal of this alliance is to offer an expanded product line, closely align its efforts and to expand separate services, expertise, equipment and personnel in a seamless, global operation. Ramming continued, "The expansion and extension of this alliance is mutually beneficial to Boots & Coots and Halliburton. Offering global well control and a full range of emergency response services and complete environmental services represents an expanded capability Halliburton can offer its energy clients. Halliburton's worldwide energy services and client base represent an important growth opportunity for Boots & Coots to provide its expanded Prevention, Response and Restoration services. Ramming concluded, "We believe our customers desire a fully integrated 'solution' encompassing the scope of upstream and downstream needs with an emphasis on safety and prevention. Through emergency response, remediation and restoration, as well as the legacy of quality and performance inherent to both our organizations, the solutions network will keep our customers in control and in production." Boots & Coots earlier announced that Halliburton Energy purchased $5 million of Boots & Coots Series A Preferred stock in a private placement. The transaction includes warrants to purchase 1,250,000 shares of Boots & Coots common stock at a price of $4.00 per share. The Preferred Stock pays an annual dividend of 6.25%. Boots & Coots International Well Control, Inc., Houston, Texas, is a global emergency response company that specializes, through its Well Control unit, in responding to and controlling oil and gas well emergencies, including oil and gas well blowouts, well fires. Through its Special Services unit, it responds to marine oil spills and emergencies, refinery, pipeline, manufacturing and transportation emergencies, inclusive of hazardous material handling as well as providing a complete menu of non-critical well control services through its Well Control Alliance with Halliburton. Through internal growth, strategic acquisitions and continued alliance integration with Halliburton, Boots & Coots is expanding its role as an integrated full-service, emergency-response company with the in-house ability to serve the global needs of the oil and gas petrochemical industries.