5

FOR IMMEDIATE RELEASE         Contact -  Guy T. Marcus
November 21, 1994                     Vice President-Inv. Rel.
                                                (214) 978-2691

            DEFINITIVE AGREEMENT TO SELL HALLIBURTON
               INDUSTRIAL SERVICES BUSINESS UNIT

     DALLAS, Texas -- Halliburton Company (NYSE: HAL) today
announced that its subsidiary, Brown & Root Industrial Services,
Inc., has entered into a definitive agreement with HydroChem
Industrial Services, Inc. for the sale of such subsidiary's
Halliburton Industrial Services business unit for an undisclosed
amount. The closing of the sale, which is subject to receipt of
certain regulatory approvals, is expected to be completed by the
end of 1994.

     The Halliburton Industrial Services business unit provides
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 is consistent with
other recently initiated actions to sell peripheral businesses
and to refocus resources on Halliburton's core energy services
and engineering and construction activities."

 6

     HydroChem Industrial Services, Inc., headquartered in
Houston, Texas, is a privately held international company which,
through its predecessors, has been engaged in the industrial
cleaning business for nearly 60 years.

     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.