
FOR IMMEDIATE RELEASE                         Contact-Guy T. Marcus
July 31, 1997                                 Vice President-Inv.
Rel.
                                              (214) 978-2691
                     HALLIBURTON $75 MILLION NOTES OFFERING
     DALLAS,  Texas -- An offering of $75 million  principal amount
Halliburton Company  (NYSE:HAL)  6.3  percent  notes due August 5, 2002 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.
     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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