Halliburton Bought Oil Cleanup Company 8 Days Before Gulf BP Oil Spill

There are innumerable bits of information floating around in the battle over the narrative of this national disaster. This one is particularly disturbing. From AOL’s Daily Finance just over a week before the spill:

“…the days of independence have come to an end for Boots & Coots as the company has agreed to sell out to Halliburton (HAL) for $240.4 million.”

M&A in the industrial and oil services sectors is totally normal, but the timing in this case, is not. Boots & Coots sure seems like the perfect company to own if it would soon become necessary to get more involved with some oil disaster (emphasis mine):

Boots & Coots has two core businesses. First, there is Pressure Control, which involves prevention and risk-control services for oil- and gas-well fires and blowouts. A key to this area was the acquisition of John Wright, which developed sophisticated technologies to measure well integrity.

Next, Boots & Coots has a Well Intervention division, which helps enhance production for oil and gas operators. This business is likely to benefit nicely from the trend toward unconventional resource plays (such as extracting energy from shale). Boots & Coots greatly expanded this division with the acquisitions of Oil States International and StassCo.

Does this strike readers as a coincidence? If so, it’s a pretty lucky one for Halliburton.

Source: Inspiredeconomist


Add your comment

Commenting is allowed only for registered users.

Recent Posts

Hurricane Isaac: Obama Refuses Federal Aid to People Who Lost Everything!

Hurricane Isaac: Obama Refuses Federal Aid to People Who Lost Everything!

In a decision that makes federal funding available to state and local governments for emergency work[...]
No thumbnail available

Gulf of Mexico "Oil Spill Pictures" | BP Oil Spill Pictures

Below are pictures of the oil spill that will "Kill" the Gulf of Mexico. Boats trying to put ou[...]
No thumbnail available

Gulf Crab Tainted by BP Oil Spill | Oil in Gulf Seafood

Since the BP oil spill hit the Gulf, researchers from Loyola University in New Orleans, Tulane Unive[...]
No thumbnail available

BP Deepwater Horizon oil spill photos

"Krewe of Dead Pelicans" "Krewe of Dead Pelicans" obama Deepwater Horizon Oil Spill in t[...]
Fox Exclusive "Occupy Wall Street" Unaired Fox Footage goes viral

Fox Exclusive "Occupy Wall Street" Unaired Fox Footage goes viral

Even if Geraldo Rivera was at the Zuccotti Park yesterday, Fox News has generally been a tad dismiss[...]

Contacts and Information

GoKill is looking for writers. Contact us if you would like to become a writer for GoKill.com

© Gokill.com: What dont kill us, makes us stronger!

Social Networks

Most Popular Categories