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Halliburton Company

Founders

Who Founded Halliburton?

Erle P. Halliburton · Founded 1919 · HQ today: Houston, Texas, United States

Who founded Halliburton?

Halliburton was founded by Erle P. Halliburton in 1919 in Dallas, United States. It is now led by Jeffrey A. Miller.

Founders
Erle P. Halliburton
Founded
1919
Headquarters
Houston, Texas, United States
Number of founders
1
Current CEO
Jeffrey A. Miller (since 2017)
Where was Halliburton founded?
Halliburton was founded in Dallas, United States in 1919. wikidata.org
When was Halliburton founded?
Halliburton was founded in 1919.
Who started Halliburton?
Halliburton was founded by Erle P. Halliburton.
How old is Halliburton?
Halliburton is 107 years old as of 2026.

Founding Story

Erle P. Halliburton learned oil-well cementing at the Perkins Oil Well Cementing Company in California and was fired for pushing too many changes. In 1919 he moved to Burkburnett, Texas, and started the New Method Oil Well Cementing Company with a borrowed pump, a wagon and a wooden mixing box. He and his wife Vida worked with little money, at one point pawning her wedding rings to pay workers. After moving to Duncan, Oklahoma, the business won work controlling a wild well for Skelly Oil, reorganized as the Halliburton Oil Well Cementing Company in 1920 and patented a jet cement mixer in 1922. Cementing, which seals a well against water and gas, is still part of the company's core business more than 100 years later.

Erle P. Halliburton

Co-founder 1919

Background

Erle Palmer Halliburton was born on September 22, 1892, on a farm near Henning, Tennessee. After his father died when Erle was 14, he left home to work various jobs and eventually joined the U.S. Navy in 1910. Honorably discharged in 1915, he found work with the Perkins Oil Well Cementing Company in California, where his constant suggestions for improving the cementing process led to his being fired. Halliburton later said that 'the two best things that ever happened to me were being hired, and fired, by the Perkins Oil Well Cementing Company.' In 1919, he and his wife Vida moved to Burkburnett, Texas, where he introduced oil-well cementing with his new and improved method. The couple worked with borrowed equipment and little cash, at one point pawning Vida's wedding rings to pay hired help. Vida hand-washed cement sacks so they could be resold.

Role at Halliburton Company

Halliburton possesses a gritty, pragmatic founding story, rooted in the chaotic oil booms of the early 20th century American Southwest and built entirely upon a single, technological innovation that altered oil extraction. The company was founded in 1919 in Duncan, Oklahoma, by Erle P. Halliburton. Halliburton was a driven, practical man who had previously served in the US Navy (where he gained engineering experience) and briefly worked for the Perkins Oil Well Cementing Company in California (where he was fired for suggesting too many improvements). Halliburton moved to the rapid, oil fields of Burkburnett, Texas, and formed the New Method Oil Well Cementing Company. At the time, drilling for oil was dangerous and inefficient. Water from underground aquifers constantly leaked into the oil wells, ruining the production and frequently causing catastrophic blowouts. Halliburton's foundational key move was perfecting the process of 'oil well cementing.' He invented complex methods to pump amounts of specialized cement down into the well casing, sealing off the water and stabilizing the well. His process was so successful and reliable that it quickly became the industry standard. He patented his inventions (like the jet mixer) and expanded his operations, officially incorporating the Halliburton Oil Well Cementing Company in 1924. By solving the most destructive problem in early oil extraction, Erle Halliburton transformed a dangerous, scrappy Oklahoma cementing operation into the foundational, indispensable engineering backbone of the entire global energy industry. Erle P. Halliburton was born in 1892.

Halliburton Company: CEO & Leadership History

Full timeline →

Jeffrey A. Miller

Chairman, President, and CEO

2017 – Present

Under Miller, Halliburton came back from a $2.9 billion loss in 2020 to net income of $2.6 billion in 2023, and it kept producing about $1.9 billion of free cash flow in the softer 2025 market.

Dave Lesar

Former Chairman and CEO

2000 – 2017

Lesar rebuilt Halliburton's corporate identity. By severing the distracting and politically toxic KBR subsidiary, he allowed the company to refocus its engineering resources on dominating the global energy services market. His early, aggressive investments in hydraulic fracturing technology positioned Halliburton to capitalize on the historic United States shale revolution, generating corporate profits during the early 2010s.

Dick Cheney

Former Chairman and CEO

1995 – 2000

The Dresser deal made Halliburton much bigger, but it also brought asbestos liabilities and a government-contracting business whose Iraq War contracts drew political controversy after Cheney left for the vice presidency.

Thomas H. Cruikshank

Chairman and Chief Executive Officer

1989 – 1995

He retired in 1995 and Dick Cheney succeeded him.

Keep researching Halliburton

Who Founded Halliburton? FAQ

Who founded Halliburton Company and in what year was it established?

Halliburton was founded in 1919 in Duncan, Oklahoma, by Erle P. Halliburton, initially operating under the name 'New Method Oil Well Cementing Company'.

What major invention did Erle P. Halliburton patent in 1920?

Erle P. Halliburton invented and patented the 'jet mixer' and the method of isolating subterranean water flows by pumping cement under pressure down an oil well casing, preventing water from contaminating oil-bearing strata and preventing catastrophic well blowouts.

How did Erle P. Halliburton prove his cementing method during the historic 1920 Oklahoma oil boom?

When a very blowing oil well in the Hewitt field in Carter County, Oklahoma, was about to be abandoned, Erle Halliburton successfully cemented the well and brought it under control, proving to skeptical wildcatters that pressure cementing was essential for oil extraction.

What role did Halliburton play in commercializing the world's first hydraulic fracturing treatment in 1949?

In 1949, Halliburton licensed the major hydraulic fracturing patent from Stanolind Oil and Gas Company and performed the world's first two commercial hydraulic fracturing treatments in Archer County, Texas, and Stephens County, Oklahoma, fundamentally transforming global petroleum engineering.

When was the company incorporated under the name 'Halliburton Oil Well Cementing Company' (HOWCO)?

In 1924, Erle Halliburton formally incorporated the business as the Halliburton Oil Well Cementing Company (HOWCO), with major oil companies including Magnolia, Texas Company (Texaco), Gulf, and Humble (Exxon) buying minority ownership stakes in recognition of its essential technology.

What foundational values and business principles did Erle P. Halliburton establish?

Erle Halliburton built the company on principles of technological innovation, 24/7 service availability, absolute honesty and safety, and steady dedication to customer operational success.

When did Halliburton complete its initial public offering on the New York Stock Exchange?

In 1948, Halliburton went public on the New York Stock Exchange under the ticker symbol 'HAL', funding rapid post-war international expansion across Venezuela, Canada, Europe, and the Middle East.

What legacy did Erle P. Halliburton leave upon his passing in 1957?

Upon his death in 1957, Erle P. Halliburton held nearly 50 patents and had transformed a single wooden cementing truck in Oklahoma into the world's foremost oilfield technology corporation.

Who founded Halliburton?

It was founded by Erle P. Halliburton. He was famously fired by the Perkins Oil Well Cementing Company for being too aggressive and suggesting too many innovative changes. Incredibly stubborn, he moved his wife to Oklahoma, pawned her jewelry to buy a water pump, and built a massive empire that eventually bought out the company that fired him.

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