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Halliburton expects trend of horizontal rigs being up sequentially to continue

Expects oil directed rig count to grow moderately from current levels. The company has also seen an uptick in natural gas prices, though its gas activity this year has not materially changed. The company said natural gas drilling will not be a major activity driver in 2013 in the U.S., although it is becoming increasingly optimistic about gas activity in 2014. Comments taken from Q1 earnings conference call.