Halliburton (NYSE:HAL) is currently one of the biggest oilfield services companies in the world. This is a company that provides support equipment and services not only to the companies currently drilling in some of the hottest oil-rich areas in the United States, but also in many countries around the world. In the time of an oil boom like the U.S. is currently experiencing, the efficiency of the equipment and services these companies provide is key for an oil producer to beat its competition. In this video, Motley Fool energy analyst Taylor Muckerman gives us a few examples of just how essential that efficiency is.

Joel South owns shares of Schlumberger and Halliburton. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Halliburton. Motley Fool newsletter services recommend Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.