Halliburton to Acquire InformatiQ, Expanding Digital Oilfield Suite

Halliburton Co. (NYSE: HAL) said on June 2, 2026, it will acquire InformatiQ, a developer of machine-learning analytics for reservoir modeling, in a move to strengthen its digital oilfield services. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2026, pending regulatory clearances. InformatiQ’s technology, which forecasts drilling performance and optimizes well placement, will be integrated into Halliburton’s Landmark software platform. The combination aims to help operators reduce capital expenditures and accelerate production timelines amid prolonged oil price volatility. The acquisition underscores Halliburton’s strategic shift toward technology-driven, recurring revenue streams as upstream customers demand greater efficiency. Industry analysts noted the deal aligns with a broader trend of oilfield service providers investing in digital tools to offset sluggish drilling activity.