Halliburton Joins the Natural Gas Vehicle Party
May 24th 2013 10:29AM
Updated May 24th 2013 10:50AM
Another day, another U.S. company announces that it is deploying a fleet of natural gas vehicles. This week, it's Haliburton's turn: The company will be adding 100 natural gas vehicles to its fleet. Vehicles aren't the only way this company is betting on natural gas, though. Halliburton and its partners have also successfully completed a well, but they did so using natural gas instead of diesel fuel as a power source.
The fuel savings for 100 natural gas vehicles may not change Halliburton's income statement much right now, but moving to natural gas will certainly take a bite out of costs. Its also easy to imagine that natural gas drillers will like seeing these vehicles show up on site. In this video, Fool.com contributor Tyler Crowe looks at why although this story may seem small, these small stories will all add up to something big for the industry.
One company that benefits greatly from all this news is Westport Innovations. The company's natural gas engines are the talk of the industry, and it stands to gain the most from the boom in natural gas. To help you determine whether Westport Innovations is right for your portfolio, The Motley Fool has just released a brand-new premium report breaking down the company's opportunities, competitive advantages, and risks. To get started, simply click here now for instant access.
The article Halliburton Joins the Natural Gas Vehicle Party originally appeared on Fool.com.Motley Fool contributor Aimee Duffy owns shares of Ford. Motley Fool contributor Tyler Crowe owns shares of Westport Innovations. You can follow them both on Twitter @TMFDuffy and @TMFDirtyBird, respectively. The Motley Fool recommends Ford, Halliburton, and Westport Innovations. The Motley Fool owns shares of Apache, Ford, and Westport Innovations. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.