Halliburton (NYSE:HAL) is a multinational company that offers energy industry products and services, from data to production output. The company was founded in 1919 and has a long history with the energy industry. In fact, Halliburton was the first company to frack a well in the United States over 60 years ago.

Recently, current Halliburton COO and Executive VP Jeff Miller sat down with The Motley Fool's own Taylor Muckerman to discuss the energy industry. In part two of this five-part interview, Miller talks about why U.S. companies have been so much quicker to develop new technology to access shale resources than their international peers and rivals, as well as the more efficient use and recycling of water for fracking.