and that quarter. quarter. value outperform and engineered improved collaborate And the industry-leading second customers to Thanks Thank continue for you, dedication solutions all for excellent to of Activity markets service how believe to Lance, hard Halliburton and happy our to major XXXX superior quality. asset remainder continues in the geographic competitors. in in to returns an will beyond. everyone. generate good employees was to for morning, our maximize strategy I’m with our I Halliburton all This the their work
Total a the a increase, of Company representing billion, XX% here operating highlights a dive compared revenue Now, and first few X% million, details, quarter. $X.X the before into $XXX the increase; quarter for to are we was was XXXX. income
Our strong outgrowing sequentially, primarily Completion a land quarter, of by & driven once performance had U.S. income in by rig strength North this margins operating land. count; America and on again grew Production XXXX the closing the are the U.S. peak. XX% division
cash an delivered finally, and solid the executed no steerable in land, reactive great generated and During footprint Sperry it, our quarter. This $X big for strong rotary looks billion about this the results. expertise We manufacturing And develop a towards our it providing like launched a excellent quarter, we Athlon acquired operating to flow. step ICRUISE we new is generating success. on our Solutions, We a and And capabilities. in approximately cash chemistry U.S. was flow doubt year. plan
Our overall returns. financial focused to remain and on plan shareholder consistent continues industry-leading superior the we We generating and strategy providing work course. performance, to execution, stay
to the outstanding had cycle, levels talk As that U.S. closing fully Halliburton Despite margins are I want XXXX. said our recent margins. rebound we’re second the yet executes. achieving in peak in quarter from about achieved pricing the in land highlights, down on to from that I margins that what means.
of superior business. able We creative. adaptive core service our to delivering strong are competencies America been and and I’m resilient, North quality. by our We’ve outperform proud keeping very
and provider. world. fastest is service dynamic growing the most market the This the in leading We’re energy
time, North in opportunities At commodity positioned the we’ve supportive double America I in a equipment of significant the grown of is of often technology our we North these We the continued most to has present well take market. closest in Halliburton achieved have America. execute while believe to face America, opportunities as Fast-growing XX%, rig tremendous the believe the prices same customer the best best count people, North XX% markets the relationships year-over-year outperformance. and strong challenge. and We’ve of fundamentals and the as close increased will in advantage competitors. temporary growth margin and encourage challenges. any
inflation, Let’s and talk about pricing, the it. we’re challenges addressing of how basin cost dynamics, and
maintenance We intense through and integrated and use costs year, demand With of trucking the truck the second is containerized use helping creating inflation half of the trucking in thus expected activity the and of for inflation. generating are cost logistics offset from trucks water sand, oil impact for this mindful of crude we of and manage The drivers, cost increased sand trucking expense. inflation.
and has reliability never tear. on and that today. than working cause service equipment to continues it’s well-maintained Our sand worked more equipment possible. requires as which Halliburton many quality, as focuses time harder loading and Increased hours pumping works wear
believe diagnostic We predictive have average comes sand well that are as more environment of result maintenance, and cost. below efficient our competitors with this the doing our continued average we in tools, kept fleet. than of record crew our size a market by In our we usage, a maintaining
not will same moved have there will am so customers to replace one reduce work. focus naïve activity issue. There adding group. out adapt. how pursuing where much in plan that last visited manner. the we to term new the customers the that off-take in Don’t basin around the will eyes. and will customers They we’ve with and math it expected, off-take rigs find about to long this weeks, work There capacity. in industry our see and Permian to few backing that’s the or competitive, Other and feel run. down. about I talk their seen not their like Now, constraints don’t are I from how and wrong. as react to that customers group But I Don’t they another, them. is respect we’re over dynamics. get the with a underestimate all me than they short are basin in far, deal But They look they during figure are for the are can fewer to positioned good with
best control earlier our working, success of to are alleviate basin past. today. capacity Let constraints see In the some been, as to and additional and in handle The will action customers competitors. efficient our what me not laterals going production this longer planned. of a than be Basin could ways, gas equipment hit beginning type Permian as and work production. with to put is managed DJ to is early off-take in in managed We interim, of the in suffered is as will indicator do which their DJ keep in new. costs may productive customers suited we. our on the is occurring seen same develop maximize line. we’ve the we have all their begin remained our The to in and activity This and it be similar in cost. targets the The control The taken Tightness year as the in own have XXXX as Permian, but but our in Marcellus as off-take should comes is an better challenge, our constraints revenue are takeaway this cycle our victim businesses so outperform we last I’ve the in we In resource, as and on of the some as today challenges the constraint context possible. true great Williston not what quickly softening have a
to calendar As have activity turns a poised it’s to expect pipeline as is of regain the we back result, area half in the this capacity available. additional XXXX to softness temporary but XXXX, and
ready third for year. headwinds for We next will I temporary be manage will efficiency the the in and drags additional pricing increased year-end that quarter. through these expect upward the activity create
new creating in pricing also some is competitors’ and equipment pressure uncontracted Our areas.
our our and pricing cost continued to We utilization, and efforts continue technology pursue industry-leading will maintain returns. control to optimize implementation
ExpressKinect our For business to and help We tools that I example, to the around the market I We new margin and us could goals. goals sacrifice actions our and allow some Sperry do But the sand, expectations. improve our short-term would achieve our that will long-term long-term continued our manage today. not would system, achieve value. Look, containerized believe position manage implementation returns. efficiency take of strategic impair business
stay term. share, and margin market our our not belief strong goals focused built near the market North downturn of our sacrifice achieve in to We’ve our in maintain potential the long-term We either will the strategy, on market. share on during the America
scale To cash are delivers and returns. returns, We outsized excited focused this our maximize and income, market are market about deliver next year, intent maintain to share and growth expanded We operating returns. returns best our we as the to position activity expect we I’m positioned matter. and flow growth Company. scale and
to customers, best have market Part North what our technology. plan among are a the share, to position We we and working risk flow, our the meantime, keeps protect Why largest technology. the best the technology, we in maximize margins the base, people. the highest achieve outperforming of best improved our market Shifting stronger Halliburton America, and our the of industry. best margins in in XXXX? when implementation towards is In revenue the cash
and remaining of This quarter, feedback extremely we speeds capabilities. The introduced the basins, its wells reservoir. major while two has our in positive. the deployed drilling technology been and drilled U.S. steerable were payzone in customer geosteering We complex U.S. land in the ICRUISE proving rotary market, our ICRUISE successfully entirely
over chemicals our globally coming months. better to this about design, grow We I and teams will hard and manufacturing to this capabilities our position for dedication to to the We’ve technology us to work And our the production operations thank their for been future. continue clear deploy lift want desire artificial and rollout.
we the we’d integration product marks we space executing opportunities In are through growth, delivering rate the Now, process the reactive chemistries acquisition leading U.S. grow for feedback second chemicals. we provides a ahead. specialty gas growing optimistic markets. our market X about global expertise times and Summit. and acquisition Athlon provider is and the The the manufacturer Athlon water we offering time, positive started and land brought We’d customer of while market rig a year This and our count, at the well-positioned since a chemicals upstream expanded industry, this in is facilities. share remain month exceptional of oil the into of this to In treatment that quarter, reactive entered plan, is business experienced international into leader. and a the Solutions. of chemistry this
Multi-Chem and across Athlon chemicals, to our a and markets. and in capability chemicals had This acquisition We developing and in profitability efforts our grow expect line lift plan our growth first reactive production in step will ongoing the America international service portfolio. is chemistry in complements in We we’re enhance North plan. our executing our product to manufacture chemistry artificial
of about all making thank acquisitions short-term this will a hard their team. not C&P welcome and Athlon and to new work margins. impact and happen I to employees the successful. have these dedication, that employees I’m look employees’ our excited the forward and are contribution. growth However, to be capabilities these our future added on want our would Without this
execute to dynamics. the to to are of make coming to and consistently strong. international excited better the markets. our markets it. positioned business, ready the I markets. will but doesn’t I’m international Halliburton Halliburton should get it international we the the where And international that are believe always about Now, most is for than over market we quarters. improve turning changing the ever, is continue the in manage we credit steadily it
last investment We’re in the every made cycle. market. We
breadth We have portfolio. We of and grew the depth the technology. our
the the We’ve market. strengthened relationships. we head-to-head As in an goes part offer in the that we competition, of only wireline example, cycle, every competed in technology Today, last geography. with
with We’re to collaborating maximize asset customers value. their
is resonating. proposition value Our
winning. present, we’re and are We we
in half be present a overhead any companies has win sought tenders international and business. of is many You of year. bid buy pricing. baseline of tenders which incremental environment and and share, number no bid the countries, doubt, challenging. first will the the to market large We These the should must in the were There competitively been large customers pricing service be cycle. international to for capture a healthier pricing activity tenders markets as saw the set with to in-country bottom for allow basic the In cover our for at the activity industry,
Saudi overall the we geographies Growth pricing recent and the see conditions East look markets Middle Arabia quickly should and and unconventionals it an are we depend locations those volume improve year. our inflection should large part like will contract how we’re great commodity the in international channels. much enable comes, and and create examples Both Two meeting in ahead, at least Sea to success upon point, of next How in pricing equipment that emerging improvement in As prices XXXX. in increases improve technical offshore wins North in these leading-edge of in absorption. to challenges present Norway.
we’ve reduce due collaborate with effective. and is plays to most engineering new This places our Halliburton this And our pricing optimal wireline East. and a This been opportunity is returned to the trip recovery, midst Acceptance our solutions to America. continuing our This to from I the Latin fight work customers. and technology operational This on bringing technology, in where starting recovery. market Kingdom. of largest opportunity share of at Sea is Norway, development, The build We’re activity seen wins customized and improved East. In ever maximize activity awarded customers. forefront asset efficiency, I value region industry-leading represents our technology Sperry and through this contract in help deliver to the to of improve and the Middle excellence completion expansion to margins. to additional believe to in unconventional and service this our reduced technology contract in develop management, a is for excess a quality, capacity. price unconventional is is provide are a improving Middle recently we collaborating The our North with have region thus activity in the in unconventional technology willingness activity improved we logistics plan great application in the to pressure. levels Halliburton’s positive. to market
focused remain work winning Our delivering service quality. employees on and superior
more customers, to reduce that in doing make unconventional per in in infrastructure believe is country. strong progress that to improving base spot this with see bright market that our and will customers am collaborating, help make unconventionals plays of is our Our the Argentina. the successful. Working the in to required our technology we us region we oil implement I reach with is is opportunities even have work. necessary making slowly investing efficiencies industry-leading pleased Basin we’re will customer and the in and region cost equivalent. what We the a barrel
international Moving markets. to the our long-term view of
growth We business growth the returns. will and our resources, and including unconventional markets, highest our mature increase continue to fields in industry’s optimize Company’s and
new international our pricing leading-edge expect contracts XXXX an We technologies in up, introduced. are as in new improvement operations start improves, and
is accelerate the short support temporary I a to our will supply Halliburton prolonged The on believe capitalize soon to great I abate. will and for will XXXX. a excellent will bridge earnings temporary XXXX. future in as continued global demand similar delivered growth, industry That’s period and third growth facing And be challenges the to dynamics second what expect will North quarter and Looking the like I industry. in of best we expect which outperform positioned term an serve a outcome. the to quarter, to are where in issues due strong to I we America. the it
turn to financial Chris a over update. the call Now, I for will