Halliburton Joins the Natural Gas Vehicle Party

Another day, another U.S. company announces that it is deploying a fleet of natural gas vehicles. This week, it's Haliburton's (NYSE: HAL  ) 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, 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.

Read/Post Comments (4) | Recommend This Article (4)

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  • Report this Comment On May 25, 2013, at 12:08 PM, cityperson wrote:

    Sure these big companies are getting in to the natural gas vehicles, but wait to all the politicans and ohters get into the natural gas thing. The prices will increase beacuse they would keep adding taxes and fees. Just like the regular gas and other fules we use. thge price will be aorund the $3 or $4 + dollar price per gallion or pound.

  • Report this Comment On May 25, 2013, at 1:08 PM, btc909 wrote:

    People are pissed at gas prices so lets switch the attention to natural gas. Yet gas prices will remain the same. It isn't just "big oil" its also your Fed, state & county governments taxing the holy hell out of gas. As more CNG is used this will drive up your prices at home (cooking & heating) as well. Eventually if electric vehicles really catches on and since electricity isn't really taxable get ready for "road tax".

  • Report this Comment On May 29, 2013, at 10:15 AM, steveschloss wrote:

    Your missing the key point here. Natural Gas is:

    1. Lighter weight than gas, making cars that use it that much lighter, extending mpg. All good.

    2. Natural Gas doesn't ignite and explode light gas making car crash fires remote.

    3. Natural Gas is plentiful with the largest fields in Canada and US.

    4. Westport invented a new fuel injection system to convert existing vehicles. Once GM, Ford, and Toyota climb on board, watch out.

    5. All we needed was natural gas at the pump. Shell is doing this in Canada and a few in the US already. This was the last segment in the chain.

    Yes, I invested in Westport. No, I am not affiliated with them or anybody else. I am retired.

  • Report this Comment On May 29, 2013, at 10:17 AM, steveschloss wrote:

    Did I mention that our reliance on Middle East Oil can slow to a trickle? What will they do without our oil money and all that desert? This is a good thing that both Democrats and Republicans can finally agree upon. Now, fix our tax inequities and health care.

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