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FOR IMMEDIATE RELEASE              Contact Guy T. Marcus
July 11, 1994                              V.P.-Inv. Rel.
                                           (214) 978-2691

           HALLIBURTON BUSINESS UNIT TO BE SOLD

     DALLAS, Texas -- Halliburton Company today announced that it
has engaged the services of Morgan Stanley & Company to assist in
the sale of its Halliburton Industrial Services business.

     Halliburton Industrial Services is a market leader in
providing chemical cleaning, hydrojetting and vacuum removal
services to the petrochemical and refining, pulp and paper, and
power industries throughout the United States.  The business had
revenues of approximately $45 million in 1993.

     Thomas H. Cruikshank, chairman of the board and chief
executive officer of Halliburton Company, said, "The sale of the
Halliburton Industrial Services business unit will contribute to
further concentration of management focus on the company's core
energy services and engineering and construction business
activities."

     Halliburton Company is one of the world's largest
diversified energy services, engineering, maintenance, and
construction companies.  Founded in 1919, Halliburton provides a
broad range of energy services and products, industrial and
marine engineering and construction services, and property and
casualty insurance services.

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