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Friday, July 1, 2011

Halliburton eyes Polish shale (Investor's Business Daily)

The oilfield services company sees the potential for growth in Poland, where a pool of shale gas has attracted the attention of the big oil companies, a Halliburton (NYSE: HAL - News) Executive told Reuters. Drilling activity has not been pick up next year, and the company commence a wellbore for Chevron (NYSE: CLC - News) in the third quarter. In may, the Polish Government said that it was committed to shale gas, despite the environmental concerns associated with hydraulic fracturing. Shares rose 2.3% to 49.82.

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