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Sect. 29 work aids Halliburton net. (natural gas wells drilled in order to qualify for Section 29 tax credits increase 1993 first quarter profits for Halliburton Co.)

Improved Recovery Week

| May 17, 1993 | COPYRIGHT 1992 Improved Recovery Publications. (Hide copyright information)Copyright

Dallas-based Halliburton Co. said completion of natural gas wells drilled to qualify for year-end 1992 Sect. 29 tax credits were a major factor in the company nearly doubling its first-quarter 1993 earnings to $18.8 million, or 18C/share.

T.H. Cruikshank, chairman, said the company's improved financial results were aided by higher levels of completion activity on gas wells that qualified for Sect. 29 credits before the …

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