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Baker Hughes, Inc was created when Baker International
and Hughes Tool Co merged in 1987. Their histories date back
over a century, marked in part by a 1909 US patent granted for a new
drill bit invented by Sharp and Hughes.
Baker-Hughes is one of the world's top three oilfield services
companies, along with competitors
Schlumberger and
Halliburton.
Baker Hughes operates globally in more than 90 countries and
provides reservoir consulting, formation evaluation, drilling,
completion and production services.
Baker-Hughes Reservoir Technology and Consulting Group includes
three consulting firms: Gaffney, Cline & Associates,
GeoMechanics International and RDS.
Baker Hughes has seven Product Line Groups including: Baker Atlas,
Baker Hughes Drilling Fluids, Baker Oil Tools,
Baker Petrolite, Centrilift, Hughes Christensen
and INTEQ.
ProductionQuest
is part of the more recent Baker Hughes Production Optimization
group. On August 31, 2009, Baker-Hughes purchased BJServices
Company in a $5.5 billion stock and cash deal.
Acquisitions over the years have included:
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Completions: Brown Oil Tools, CTC, EDECO,
Elder Oil Tools
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Well monitoring: ProductionQuest
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Drilling Fluids: Milchem, Newpark,
Aquaness
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Mud logging: EXLOG
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Directional Drilling & Diamond Drill Bits:
Eastman Christensen, Drilex
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Measurement while drilling: Teleco
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Fishing tools and services: Tri-State,
Wilson
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Specialty chemicals: Petrolite
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Wireline logging & perforating / Geophysical
exploration: Acutec, Birdwell, Canadian Perforator, Dialog,
Dresser Atlas, Du-Al Well Services, Elgen Corporation, Heartland
Kingfisher, Lane Wells, NL McCullogh, Pacific Oil Tool, Ltd.,
PGAC, PML, RIS, SIE and Western Atlas.
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