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Tag Archives: Baker Hughes

College football player to reservoir technologist

Travis Davidson and his dog Taco

When Houston native Travis Davidson graduated from college, he had no intentions of working in the oil industry, but when presented with a job while being unemployed, it was too hard not to take it. Davidson attended Minnesota State University Moorhead (MSUM) and graduated in 2012 with a bachelor’s degree in exercise science.  While attending MSUM, Davidson played on the ...

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EDITORIAL: Beware the ‘pinkwashing’

Before the Indianapolis Colts take to Heinz Field to square off against the Pittsburgh Steelers Oct. 26, a clash far more controversial than anything during the game is scheduled to take place. Nancy Brinker, Susan G. Komen Foundation founder, is set to accept a $100,000 check from Martin Craighead, chairman of oil and fracking company Baker Hughes Inc. Both entities ...

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Schlumberger profit beats on resilient North American drilling

Oct 16 – Schlumberger Ltd, the world’s largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. Schlumberger, which provides drilling technology and equipment, well construction services and seismic surveys for oil and natural gas companies, said revenue from its U.S. operations rose 18 ...

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Worrying for Saudi, U.S. oil output cuts could take a while

NEW YORK – Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year. Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. ...

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Baker Hughes releases third quarter numbers

Houston-based oil service company Baker Hughes has announced its third quarter well and rig counts for this year. The U.S. onshore well counts for the third quarter is 9,566, up 110 wells or one percent compared to second quarter numbers. Numbers for this year’s third quarter well count are up 491 wells, or five percent from last year. International rig ...

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Baker Hughes goes pink for breast cancer awareness

In honor of raising awareness for breast cancer research, a company in Houston has decided to give the phrase “power of pink” some literal meaning. According to FuelFix.com, Houston-based oil-service company Baker Hughes has decided to transform one thousand of their drill bits from their original gold patina to bright pink, in honor of the Susan G. Komen Foundation. This ...

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Documents reveal Halliburton fracking proposal at Collier-Hogan oil well, shed new light on drilling

NAPLES, Fla. — Although the company has long denied it fracked the controversial Collier-Hogan well, newly released documents show the Dan A. Hughes Co. received a “hydraulic fracture” proposal last October from the Halliburton Co. The proposal is very similar to a controversial “acid stimulation” technique that a different company, Baker Hughes, proposed in December and eventually performed for Hughes ...

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Top 5 Marcellus.com stories of the week

1. Pennyslvania DEP admits drilling probe error The state Department of Environmental Protection might have used incomplete and inaccurate test information to decide whether chemicals leaking from a Marcellus Shale wastewater impoundment and a drill cuttings pit contaminated a water well and springs in Washington County. Read more here.   2. Dominion natural gas exports plan gets federal OK Dominion Energy ...

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Baker Hughes to disclose all fracking fluid components

Starting Wednesday, Baker Hughes plans to disclose “100 percent” of the chemicals contained in the mix it uses in the process of fracturing shale formations and drawing oil and natural gas to the surface. The disclosures for each well will include a single list of all of the chemical constituents of the company’s products used on that well, along with ...

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Investment advisors suggest now is peak time to sell service companies

Soaring oil and gas activity has put the Permian Basin on the world’s radar. “The amount of activity in terms of dollars chasing deals is incredible,” said Scott Sims, senior vice president at Allegiance Capital Corporation by phone from his Dallas office. He cited one client with a foreign investor wanting to acquire acreage in the Permian Basin but can’t ...

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