






FOR IMMEDIATE RELEASE          Contact-Guy T. Marcus
May 7, 1997                            Vice President-Inv. Rel.
                                       (214) 978-2691

           HALLIBURTON $50 MILLION NOTES OFFERING

     DALLAS, Texas -- An offering of $50 million principal amount
Halliburton Company (NYSE-HAL) 7.53 percent notes due May 12,
2017 under the company's medium-term note program was issued
today through the company's agents Merrill Lynch & Co., Lehman
Brothers, Morgan Stanley & Co. Incorporated and NationsBanc
Capital Markets, Inc. The notes were priced at par.

     The net proceeds from the sale of the notes will be added to
Halliburton's general funds and used for general corporate
purposes which may include repayment of debt, acquisitions, and
loans and advances to and/or investments in subsidiaries of
Halliburton to support their requirements for working capital,
repayment of debt and capital expenditures.

     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.

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