HOUSTON, March 26, 2012 /PRNewswire/ -- Baker Hughes
announced today that its President and CEO Martin Craighead will be presenting on March 27, 2012, at the Howard Weil Energy Conference in New Orleans, Louisiana. The presentation materials are available on the 'Events & Presentations' page at: www.bakerhughes.com/investor.
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to
HOUSTON, March 21, 2012 /PRNewswire/ -- Baker Hughes
announced today that operating profit before tax(1) for the first quarter of 2012 is expected to be lower than the fourth quarter of 2011 primarily due to rapidly changing market conditions in the Pressure Pumping product line in North America and seasonality in all international markets.
As a result of the continued shift in U.S. rig activity from natural
HOUSTON, March 13, 2012 /PRNewswire/ -- Baker Hughes Incorporated (BHI--NYSE) announced that its subsidiary has chartered a new state-of-the-art pressure pumping vessel that will provide offshore stimulation services to Maersk Oil in the North Sea. Upon completion, scheduled for late 2013, the Blue Orca(TM) will become the eighth vessel in the Baker Hughes fleet.
'We are pleased to be working with Maersk Oil as we expand
(Retransmitting to CORRECT the Month Variance column in chart, as well as all U.S. and Canada rig counts in the commentary and chart)
HOUSTON, March 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated
announced today that the international rig count for February 2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February 2011. The international offshore rig count for February [...]
HOUSTON, March 7, 2012 /PRNewswire/ -- Baker Hughes Incorporated
announced today that the international rig count for February 2012 was 1,204, up 33 from the 1,171 counted in January 2012, and up 15 from the 1,189 counted in February 2011. The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011.
HOUSTON, March 6, 2012 /PRNewswire/ -- Baker Hughes
announced today that it has scheduled a conference call on Tuesday, April 24, 2012, to discuss results for the first quarter 2012, ending March 31, 2012. The call will begin at 8:30 a.m. EST. The results are expected to be released on Tuesday, April 24, 2012, before the market opens.
To access the call, please call the conference call operator at 800-374-2469, or
DHAHRAN, Saudi Arabia, Feb. 29, 2012 /PRNewswire/ -- The Baker Hughes Dhahran Research and Technology Center opens its doors today with a focus on research and development of new technologies to unlock the potential of unconventional resources.
The newly constructed, world-class technology and research center is the result of years of planning and a partnership between Baker Hughes
Commercially Launches In March At IADC in San Diego
Drills Vertical, Curve, Horizontal Sections in One Fast Run
HOUSTON, Feb. 27, 2012 /PRNewswire/ -- Drilling in tight leases is challenging for operators, who now can look to Baker Hughes'
AutoTrak Curve(TM) Rotary Steerable System - a revolutionary tool that can drill vertical, curve and horizontal sections in one fast run to maximize available pay zones and reduce the number of trips.
The AutoTrak Curve rotary steerable system, which will be commercially launched to customers at the International Association of Drilling Contractors' Conference and Exhibition in San Diego this March, has resulted in new drilling records across most of the important unconventional basins in the United States. It was named the 'Best Drilling Technology' in 2011 by World Oil.
'This is a rotary steerable system that drills what used to take two to three trips in one smooth run,' said Art Soucy, Baker Hughes' President of Global Products and Services. 'The AutoTrak Curve system drills more precisely and at a much tighter angle than any other similar service. The tight angle is particularly critical as it enables our customers to intersect a much larger area of the reservoir than was previously possible with rotary steerable systems, resulting in 750 plus feet of additional pay zone.'
The AutoTrak Curve rotary steerable is a closed-loop drilling system that takes commands from the surface to place the wellbore in the desired direction and inclination. The programmable system has been through more than 10,000 hours of rigorous field testing in some of the toughest unconventional environments in North America.
'The results have been nothing short of outstanding,' said Scott Schmidt, Baker Hughes' President of Drilling & Evaluation. 'We specifically engineered this system to meet the needs of those drilling in unconventional oil and gas plays. Given that AutoTrak Curve system uses fewer components than typical rotary steerable systems and was designed for reliability, we believe this system will drive new performance and reliability standards.'
Combining an optimized bottomhole assembly (BHA) and drill bit to maximize drilling efficiency and reservoir exposure, the AutoTrak Curve system achieves high build rates of more than 15 degrees/100 feet. Tolerant to the presence of lost circulation material in the mud system, the AutoTrak Curve system does not require special pressure drop between the pipe inside diameter and the annulus to operate. Additionally, a gamma ray detector is integrated into the tool, close to the bit, to allow precise geosteering.
The advanced technology saves time, given there is no need to change the bend angle of a motor, resulting in faster well construction. Given the improved hole quality, completion time also is enhanced and casing can be run to total depth faster and easier.
For instance, an operator in the Eagle Ford had drilled the vertical, curve and horizontal sections in three different trips. The challenge: do it in one trip.
Using the AutoTrak Curve system, an optimized Baker Hughes PDC bit and Baker Hughes' Carbo-Drill(TM) oil-based fluids, the entire 8 3/4-in. section was drilled in one fast run, saving two unnecessary trips. A total of 9,735 feet in 83 drilling hours was achieved. Optimal placement of the well on plan delivered better production faster. The solution saved the operator two days.
'In some shale plays, the AutoTrak Curve system has reduced drilling time up to four days and saved operators 60 percent of the rig time per well,' said Mathias Schlecht, Baker Hughes' Vice President of Drilling Services. 'By making real-time adjustments to the steering target while drilling, the wellbore can be placed exactly in the right spot. Put simply, the AutoTrak Curve system is unrivaled in the marketplace and can really make the most of an operator's drilling time.'
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 57,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit www.bakerhughes.com.
CONTACTS: Media Relations: Pam Easton, +1.713.439.8391, pamela.easton@bakerhughes.com Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com Investor Relations: Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com
announced today that it posted an updated investor presentation on its website. If you would like to access the presentation, please log on to the following website: http://investor.shareholder.com/bhi/events.cfm.
Forward-Looking Statements The presentation referenced in this news release may contain forward-looking statements within the meaning of Section 27A of the
announced today that the international rig count for January 2012 was 1,171, down 9 from the 1,180 counted in December 2011, and up 10 from the 1,161 counted in January 2011. The international offshore rig count for January 2012 was 307, up 8 from the 299 counted in December 2011 and down 1 from the 308 counted in January 2011.
announced today that Peter Ragauss, Senior Vice President and Chief Financial Officer, will present at Credit Suisse 2012 Energy Summit in Vail, Colorado, on February 7, 2012, at 10:45am Eastern time.
president and chief executive officer, Martin S. Craighead, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $0.15 per share of common stock payable February 17, 2012, to holders of record on February 6, 2012.
+4000,00 %
-93,33 %