ATEL Provides $39MM Equipment Lease to Halliburton

February 14, 2014

ATEL Leasing Corporation ("ATEL") is pleased to announce the completion of a $39 million equipment lease transaction with Halliburton Company.

Halliburton Overseas Limited leased a well stimulation vessel, Stim Star Angola, to be used in Halliburton's West African operations.

The Stim Star Angola was manufactured in 2004 and was upgraded with numerous engineering innovations in 2008. The vessel is used in all phases of production and stimulation including acidizing, acid fracturing, proppant fracturing and sand control.