A Look at Halliburton's Completion and Production Performance in Q3 Completion and Production revenue was essentially flat sequentially though it increased 17.9% from the year-ago level. Operating income from the segment was $613 million, 16.3% above the year-ago level of $527 million. The division's performance was helped by higher completion tool sales and well intervention services in the Eastern Hemisphere, coupled with improved stimulation activity in Mexico. However, the unit deteriorated from previous quarter's income of $669 million and could not match our consensus estimate of $641 million. The shortfall could be attributed to pricing pressure and higher maintenance costs in the North American land drilling business. Soft North American Completion Market to Weigh on Q4 Activity Pipeline takeaway capacity constraints in the Permian Basin seems to be the primary reason for apprehension about Halliburton's prospects.