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Baker Hughes joins pressure pumping Elite.

Publication: The Oil Daily
Publication Date: 01-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Baker Hughes joins pressure pumping Elite.(acquires BJ Services Co.)

Article Excerpt
Oil services firm Baker Hughes is set to acquire BJ Services in a $5.5 billion deal that will give it critical mass in the increasingly important pressure pumping business. The transaction will also help Baker Hughes to compete more effectively with industry heavyweights Schlumberger and Halliburton.

Chief Executive Chad Deaton said BJ Services will broaden Baker Hughes' portfolio of products and services by adding capabilities that help customers to maximize production, particularly from unconventional gas reservoirs...

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