Diana Moss to WSJ: Halliburton-Baker Hughes Deal Would Leave Industry Highly Concentrated Between Two Large Firms

In the Wall Street Journal's November 18, 2014 story on oil-field services rivals Halliburton Co. and Baker Hughes Inc. proposed $34.6 billion merger, AAI Vice President Diana Moss explained the companies have several notable overlapping businesses including the sale of drill bits, services to measure underground conditions during the drilling process and well-cementing and completion services that make wells ready for use.  If the deal were to go through, the newly merged firm and the remaining major competitor, Schlumberger, could have a combined share of 70% to 90% of the market in some  service areas. “We’ll have several product lines that could be duopolized,” Moss told the Wall Street Journal.