Halliburton Acquires Permedia Research Group (HAL)

Halliburton HAL announced today that it has acquired The Permedia Research Group: industry leading suppliers of petroleum systems modeling software and services. Permedia's tools and expertise enable oil and gas companies to better assess exploration risk and manage the cost of developing deepwater, sub-salt and unconventional resource plays. Permedia will become an integral part of the Landmark Software and Services business line.