Baker Hughes to Present at Howard Weil Energy Conference

HOUSTON, March 26, 2012 /PRNewswire/ -- Baker Hughes (NYSE: BHI) 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 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.

Forward Looking Statements:

This news release (and oral statements made regarding the subjects of this release) contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a "forward—looking statement"). The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "project," "forecasts," "predict," "outlook," "aim," "will," "could," "should," "potential," "would," "may," "probable," "likely," and similar expressions, and the negative thereof, are intended to identify forward—looking statements. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the company's Annual Report on Form 10-K for the year ended December 31, 2011 and those set forth from time to time in other filings with the Securities and Exchange Commission ("SEC"). The documents are available through the company's website at http://www.bakerhughes.com/investor or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. We undertake no obligation to publicly update or revise any forward—looking statement.

CONTACTS:

Media Relations:         Teresa Wong, +1.713.439.8110, teresa.wong@bakerhughes.com
Investor Relations:      Adam Anderson, +1.713.439.8039, adam.anderson@bakerhughes.com

SOURCE Baker Hughes

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Texas agency approves mobile system to recycle produced, flowback water

Posted on 26 March 2012

Texas-based Water Rescue Services has received approval from the Railroad Commission of Texas to operate a mobile recycling system to recycle produced and flowback water created through the hydraulic fracturing process.

“Only a handful of companies meet the stringent requirements to recycle flowback and produced water, which allows for substantial gains in efficiency while performing on location,” said Wes Williams, president of Water Rescue Services. “We believe our customers with active Texas drilling operations will enjoy a significant market advantage when utilizing Water Rescue’s mobile treatment technology to recycle water on site, thus lowering costs and saving time through this recycling process.”

Water Rescue Services recently signed a strategic alliance with Select Energy Services that gives Select access to a mobile water treatment and recycling technology through Water Rescue’s electro-coagulation units.

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Houston college, university programs give students an edge into industry

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In the mecca of the oil and gas industry, Houston-area college and university programs are giving students a leg up into the industry, from field services to petroleum engineering. As the industry continues to expand, these institutions recognize the demand and opportunity to provide an educational background that leads to a career in the realm of oil and gas.

Companies have actively recruited graduates of Lone Star College’s drilling program, which began in January 2011. In one semester (16 weeks), students, who include veterans and professionals of other industries, can graduate with a marketable skills award certificate, which makes them a top candidate to local service companies. For more information on Lone Star College’s program, click here.

One of only a few programs in the US, the undergraduate petroleum engineering program at the University of Houston has received support from industry and has worked with companies to provide students with internships through their college career. The program, which began in fall 2009, was developed in response to the industry’s need for more engineers. For more information on the University of Houston’s program, click here.

In these videos, DC editorial coordinators Joanne Liou and Katherine Scott provide an overview of these programs being offered at Lone Star College and the University of Houston.

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From the President: IADC stands ready for the future

By Lee Hunt, IADC president, 1990-2012

Dr Lee Hunt, IADC president, 1990-2011

It’s been a distinct pleasure to have served as president of IADC for the past 22 years and to have served with the association before that for six additional years. The time comes for a changing of the guard at the top, and I’m pleased to announce that my successor is Stephen Colville, who most recently was vice president of communications for Shell’s projects and technology business. Stephen has more than 30 years’ experience in government policy and relations, corporate public affairs and lobbying with organizations such as Chevron and the UK Department of Trade and Industry.

While it may seem an unusual step for an association representing drilling contractors to appoint someone with operator/producer experience, lessons learned from Macondo have taught us that we are all stakeholders in this industry. We are in this together. It takes mutual understanding of how we each operate in order to achieve collaborative success.

Over the past nearly three decades, the association has emerged as a global authority for the drilling industry. Our membership has expanded to drilling contractors, operating companies and service companies headquartered around the world, truly achieving a global membership base.

Guiding us through this expansion has been the principle of “Do what is right for the rig.” The rig is the great equalizer in service to our membership, no matter how many rigs or how few in the fleet, no matter the size of the company, and no matter whether they are geographically localized or globally positioned. IADC believes that by pursuing the best interests of the rigs, we are acting in the best interest of our member companies.

In the process, keeping our focus on the rigs means we’re also keeping our feet planted firmly. Our efforts are directly beneficial to the work force of our members, from roustabout to CEO.

Over the years, we also have achieved an increasing level of professionalization in the IADC staff. Many have advanced, professional degrees. All have years of industry experience. Most are recognized as leading experts in the areas they staff, and this makes them very valuable partners with our members.

Our staff has worked and will continue to work to be proactively relevant to the daily business of our members. Companies in today’s drilling business want options and speed, and IADC has a responsive staff to provide what they need.

I am excited and encouraged to deliver into the hands of my successor a highly successful, capable, competent, professional and outstanding IADC. I look forward to watching us rise to the industry’s future challenges and doing what it will take to move IADC to the next level. I know we can. I know we will.

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