Houston Matters

Justice Department Sues Halliburton To Stop Acquisition Of Baker Hughes

Amid news that the U.S. Justice Department is suing to block the proposed merger of Halliburton and Baker-Hughes, we revisit our conversation from just last month about the possibility this deal could be squelched. Just a couple months ago, during one of our internal weekly pitch meetings to discuss future Houston Matters topics, one of […]

Photo: Michael Hagerty, Houston Public Media

Amid news that the U.S. Justice Department is suing to block the proposed merger of Halliburton and Baker-Hughes, we revisit our conversation from just last month about the possibility this deal could be squelched.

Just a couple months ago, during one of our internal weekly pitch meetings to discuss future Houston Matters topics, one of us blurted out, “Hey, whatever happened to the Halliburton/Baker Hughes merger?”

So we asked Loren Steffy, managing director for 30 Point Strategies, a writer-at-large for Texas Monthly and columnist for EnergyVoice.com, why this proposed merger of the second- and third-largest oilfield service companies — first announced in November 2014 — hadn't actually happened yet.

Would it indeed be scuttled by a Justice Department review to determine if the proposed merger would pass anti-trust muster?

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Michael Hagerty

Michael Hagerty

Senior Producer, Houston Matters

Michael Hagerty is the senior producer for Houston Matters. He's spent more than 20 years in public radio and television and dabbled in minor league baseball, spending four seasons as the public address announcer for the Reno Aces, the Triple-A affiliate of the Arizona Diamondbacks.

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