Baker Hughes Company

HOUSTON, Jan. 10, 2014 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) provides the following update for the fourth quarter of 2013: Following the disruption to its business in Iraq during the fourth quarter, Baker Hughes resumed operations by the end of December. Due to the lost revenue related to this event, expenses associated with personnel movements and security measures, and other nonrecurring items, the pretax and [...]

- Drilling efficiencies improve 9% compared to the fourth quarter 2012 HOUSTON, Jan. 10, 2014 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that the U.S. onshore well count for the fourth quarter 2013 is 9,056 wells; down 19 wells from the revised 9,075 wells counted in the third quarter 2013. Compared to the fourth quarter 2012, the well count was up 398 wells or 5%. Due to improved drilling [...]

HOUSTON, Jan. 8, 2014 /PRNewswire/ -- Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and up 82 from the 1,253 counted in December 2012. The international offshore rig count for December 2013 was 306, down 10 from the 316 counted in November 2013, and up 7 from the 299 counted in December 2012.  The average U.S. rig [...]

HOUSTON, Dec. 9, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that the Company's Senior Vice President and Chief Financial Officer, Peter A. Ragauss, intends to retire by the end of next year.  "We greatly appreciate Peter's many years of excellent leadership at Baker Hughes, where he has been a great partner to me, our executive team and Board.  He has done a remarkable job leading a world-class [...]

HOUSTON, Dec. 6, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that it has scheduled a conference call on Tuesday, January 21, 2014, to discuss results for the fourth quarter 2013, ending December 31, 2013. The call will begin at 8 a.m. Eastern time.  The results are expected to be released on Tuesday, January 21, 2014, before the market opens. To access the call via a live webcast, please visit our [...]

HOUSTON, Dec. 6, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for November 2013 was 1,311, down 4 from the 1,315 counted in October 2013, and up 44 from the 1,267 counted in November 2012. The international offshore rig count for November 2013 was 316, unchanged from October 2013, and up 16 from the 300 counted in November 2012.  The average U.S. rig count for [...]

HOUSTON, Nov. 22, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today the Company's Senior Vice President and Chief Financial Officer, Peter A. Ragauss, will present at the Cowen and Company Ultimate Energy Conference on Wednesday, December 4, 2013, from 12:05–1:10 p.m. Eastern time at the New York Hilton Midtown Hotel in New York City. If you would like to listen to the presentation and view the [...]

HOUSTON, Nov. 11, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) today announced that a protest incident by local residents occurred last Saturday at a subsidiary's facility near Basrah, Iraq. No injuries were suffered and the facility was secured. The incident is currently under investigation. Due to the significant disruption of business, Baker Hughes has suspended operations in Iraq, and has issued force majeure [...]

HOUSTON, Nov. 7, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that the Company's Vice President of Strategy and Business Development, Derek Mathieson, will present at the 2013 Bank of America Merrill Lynch Global Energy Conference on Friday, November 22, 2013, at 11:15 a.m. Eastern time.   If you would like to listen to the presentation and view the presentation materials during the conference [...]

HOUSTON, Nov. 7, 2013 /PRNewswire/ -- Baker Hughes Inc. (NYSE: BHI) announced today that the international rig count for October 2013 was 1,315, up 31 from the 1,284 counted in September 2013, and up 56 from the 1,259 counted in October 2012. The international offshore rig count for October 2013 was 316, up 3 from the 313 counted in September 2013, and up 10 from the 306 counted in October 2012.  The average U.S. rig [...]