Baker Hughes to Sell Interest in WesternGeco for $2.4 Billion

HOUSTON, April 21 /PRNewswire/ -- Baker Hughes Incorporated(NYSE: BHI; EBS) today announced that it has signed an agreement to sell its30% minority interest in WesternGeco, a seismic venture jointly owned withSchlumberger Limited, to Schlumberger for $2.4 billion in cash. The sale hasbeen approved by Baker Hughes' Board of Directors and is expected to becompleted by the end of April 2006. Baker Hughes expects to record a pre-taxgain of approximately $1.74 billion (approximately $1.05 billion, net of tax),subject to normal closing adjustments. Cash proceeds, net of tax, areexpected to be approximately $1.8 billion. Baker Hughes was advised byGoldman, Sachs & Co.

The company plans to use the net cash proceeds to repurchase stock;accordingly the company also announced that its Board of Directors hasincreased its stock repurchase authorization by $1.8 billion.

Commenting on the sale, Chad Deaton, Baker Hughes' chairman and chiefexecutive officer said, "We have been pleased with the results fromWesternGeco over the last several quarters and with the performance of theWesternGeco management team. However, the $2.4 billion sales price providesus with an excellent point to exit our minority ownership position. We remainexcited about the growth in the global market for our products and servicesthat we see continuing for the next several years. Baker Hughes will continueinvesting in people and technology to further our penetration of key globalmarkets, and we maintain our intention to return cash in excess of our needsto our stockholders through our stock repurchase program."

Conference Call

The company has scheduled a conference call to discuss this announcementas well as its first quarter 2006 earnings on Wednesday, April 26, 2006, at8:30 a.m. Eastern time, 7:30 a.m. Central time. To access the call, which isopen to the public, please contact the conference call operator at (800) 374-2469, or (706) 634-7270 for international callers, 20 minutes prior to thescheduled start time, and ask for the "Baker Hughes Conference Call." Areplay will be available through Wednesday, May 10, 2006. The number for thereplay is (706) 645-9291 and the access code is 6774291. The call and replaywill also be web cast on http://www.bakerhughes.com/investor .

Forward-Looking Statements

This news release (and oral statements made regarding the subjects of thisrelease) contain forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended, and Section 21E of the SecuritiesExchange Act of 1934, as amended. The words "expects," "expected," and similarexpressions are intended to identify forward-looking statements. There aremany risks and uncertainties that could cause actual results to differmaterially from the preliminary estimates in our forward-looking statements.The company's expectations with regard to gains and cash proceeds net of taxare subject to the completion of the transaction, tax and accounting treatmentupon completion and the performance results of WesternGeco prior tocompletion. The risks and uncertainties regarding the completion of the saleof our interest in WesternGeco include, but are not limited to, failure of theparties to satisfy closing conditions. The company's expectations regardingstock repurchases are subject to market conditions, such as the trading pricefor the company's stock, and management's discretion to discontinue stockrepurchase at any time. These forward-looking-statements are also affected bythe risk factors described in the company's Annual Report on Form 10-K for theyear ended December 31, 2005, and those set forth from time to time in ourfilings with the Securities and Exchange Commission. The company assumes noobligation to update any of the information referenced in this news release.The documents are available through the company's web site or through theSEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) athttp://www.sec.gov .

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contact:

Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE: Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com

http://www.bakerhughes.com/investor

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Hughes Christensen and TESCO® Announce Casing Drilling® Initiative

Hughes Christensen, a division of Baker Hughes Incorporated and Tesco Corporation announced they have entered into a cooperative agreement for the delivery of the Hughes Christensen EZ Case™ drilling shoe solution to the global E&P community.

Hughes Christensen, a worldwide leader in the development of high performance bits and technology, will provide its EZ Case tool and applications engineering support to the joint initiative.  Tesco, the worldwide leader  in CASING DRILLING technology and using its proprietary Casing Drive System™ and Casing Accessories product line, will provide the drilling engineering, project management and field-level delivery of the EZ Case solution. 

The EZ Case tool is a premium drilling shoe tool, designed to offer high performance in moderately competent formations, and is ideally suited for drilling-in surface strings and straight hole liner sections.  When combined, the Hughes Christensen EZ Case tool and Tesco's drilling system technology offer a full size and capability spectrum in straight hole applications for 4 1/2" up through 20" casing sizes. 

Hughes Christensen and Tesco will provide the combined service delivery from their worldwide locations and, with an inventory of popular sizes in stock, can deliver an integrated EZ Case solution promptly and effectively. 

TESCO® and CASING DRILLING® are registered trademarks of Tesco Corporation.

EZ Case™ is a trademark of Hughes Christensen. 

Copyright 2005 Tesco Corporation

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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Chinese Operator Slashes 60% Off Development Cost with Mini-Beta One-Trip Multi-Zone Completion System

HOUSTON, TEXAS (June 26, 2000) – China's Bohai Oil Corporation cites Baker Oil Tools' Mini-Beta One-Trip Multi-Zone Completion System for helping slash completion time per well by up to 66% and total development cost by more than 60% in its JZ93 Bohai Bay field. The Mini-Beta system, which was used to complete 30 of 47 wells in the JZ93 Bohai Bay field, enabled the operator to individually frac pack or gravel pack four zones in as few as 2.4 days.

"Even with the relatively inexpensive costs in the Bohai Bay area, the use of the Mini-Beta One-Trip Multi-Zone Gravel Pack System resulted in saving more than $2.5 million US in rig time for the wells that were completed during this project," said Liang Yue Liu, Design Manager, for Bohai Oil. The savings figure was based on rig time valued at $40,000 per day. As a result of the success of this project, Bohai Oil awarded the completion of all 186 wells in its SZ36-2 Bohai Bay field to Baker Oil Tools. That contract is valued at $15 million.

Big rewards without sacrifice

The Mini-Beta System combines Baker's field proven CK-FRAQ crossover tool technology with one-trip multi-zone expertise to allow multiple producing intervals to be gravel- or fracpacked with a single trip into the wellbore. Each interval can be treated individually while maintaining complete zonal isolation during all steps of the treatment. In addition to multiple producing intervals, the system is particularly well suited for areas where the producing formation is layered and subsequently difficult to treat as one complete interval. These layered reservoirs can be short or extremely long. To work in these varying lengths, the Mini-Beta System is adjustable for interval spacing, including intervals as close together as 28 ft (8.5 m). As a result, layered reservoirs of any length can now be treated quickly and efficiently.

"All of these attributes offer users of the Mini-Beta System the opportunity to reap big savings in rig time and cost without having to sacrifice production time or quality," said Carroll Newman, Baker Oil Tools Product Line Manager for Stimulation and Pumping Services. Newman pointed out that one particular advantage of the system is the ability to optimize technology vessel logistics so that pumping operations on all zones can be completed without operation standby.

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Baker Oil Tools Sets New Horizontal Gravel Packing Records - Captain Field, UK North Sea

HOUSTON, TEXAS (October 5, 2001) - Baker Oil Tools recently set another horizontal gravel packing record with a 7324 ft (2232m) completion in the Texaco operated Captain field in the UK North Sea. This surpassed the previous horizontal gravel packing record of 4,000 ft, which Baker Oil Tools set in November 1998. The Korean Captain Company Limited is a partner in the field.

In May 2001, the Texaco Captain 13/22a - B2 well was completed at a total depth of 19, 990 ft MD (6093 m) as an open hole gravel pack using 5-1/2-in. x 230 micron with medium weave Baker Oil Tools EXCLUDER™ screens. Prior to the completion, the well consisted of a 11-3/4-in. x 9-5/8-in. tapered casing string set at 7,048ft MD (2148 m) and a drilled 8-1/2-in. hole to a total depth of 14,372 ft MD (4380 m). The horizontal section was begun at a true vertical depth of 2,915 ft (888 m).

Gravel Packing Objectives

The objective of gravel packing is to stabilize the open hole, prevent formation sand movement, and protect screens from plugging and erosion. The resulting completion should provide reliable long-term well productivity and enhanced reservoir drainage. To accomplish these objectives, Texaco and Baker designed and implemented a systems approach that integrates customized drill-in fluids, high-rate displacement and hole cleaning procedures, and Baker Oil Tools' EXCLUDER™ Extended-Longevity Sand Control Screen, CS-300 Open Hole Gravel Packing system, BetaBreaker™ Valves and FLCV™'s (fluid loss control valve).

The completion procedure was designed to control fluid loss in the horizontal section with very high permeability (1?12 Darcy) and a very small operating window between formation pressure and fracture pressure.

Completion Operations

The horizontal hole was drilled with a 9.6 ppg water based calcium carbonate drill-in fluid. Then the entire well was displaced to 9.6 ppg filtered NaCl/KCl brine using a high rate well displacement. The cleanliness of the brine returns from the well were less than 0.01% solids content prior to deploying the gravel pack assembly.

The gravel pack assembly with 4-in. internal washpipe string and Baker CS-300™ Open Hole Gravel Pack Service Tools was successfully deployed in the well. A Baker Model "SC-2R" Packer was set at 6,827 ft MD. The end of the screen assembly was at 13,990 ft MD. The service tools, designed to maintain hydrostatic pressure on the open hole filter cake, were successfully released from the packer and the various circulating positions were confirmed. In addition, four Baker Oil Tools BetaBreaker valves were run in the washpipe to assist in maintaining bottomhole treating pressure below fracture pressure.

Using Baker's GPDesign horizontal gravel pack design software, engineers determined the required pump rate and gravel concentration to pack the well. The well was successfully gravel packed with 174,920 lbs of 16/30 gravel pack sand or 104% of the open hole annular volume calculated from the MWD ADN caliper log. Completion brine was used as the gravel carrier fluid. Approximately 70% returns were maintained while pumping the gravel pack which took 60 hrs. Sand loading was maintained at a very low level (average 0.15 ppga) throughout the job. During pumping, all four BetaBreaker valves operated as designed, allowing the treatment to be pumped at a constant rate of 7 bpm without exceeding fracture pressure. After the gravel pack screened out, the excess gravel was successfully circulated from the workstring, and the service string was then pulled above the Baker Oil Tools FLCV. Prior to closing the valve losses of 60 bph were noted, and losses were reduced to zero when the valve was closed.

Earlier Completions

The first of the 4,000-ft horizontal gravel packs was installed in Captain in November 1998 following extensive technical, operations and logistics planning. Using a brine carrier fluid, 137,000 lbs of gravel was placed in the annulus between the borehole and the EXCLUDER screen. Gravel placement was successful despite the presence of a non-cemented open hole sidetrack in the final 4,000 ft long horizontal interval.

The gravel packed wells in the field have exhibited more consistent well productivities in line with reservoir performance expectations and with no signs of plugging. As the need to gravel pack laterals of increasing length continues, Baker Oil Tools has developed new technology to meet these challenges. Some examples include EXCLUDER screen, the CS-300 Open Hole Gravel Packing System, the BetaBreaker Valve, and the FLCV fluidloss control valve Baker Oil Tools, is a world leader in total completion, workover, and fishing solutions that help exploration and production companies optimize their hydrocarbon recovery investment. Baker Oil Tools solutions are based on advanced downhole and surface technology, practically applied, to help operators produce at the highest levels and the lowest cost throughout the life of the reservoir.

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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Baker Hughes Sells Baker Hughes Mining Tools

HOUSTON, Sept. 14 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI) announced today that it has completed the sale of Baker HughesMining Tools, "BHMT", part of the Hughes Christensen division, to Atlas CopcoNorth America, Inc. As announced on July 28, 2004 the company has classifiedBHMT as a discontinued operation.

BHMT is a leading manufacturer of rotary drill bits used in the worldwidemining industry with 2003 revenues of approximately $40 million.

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

NOT INTENDED FOR BENEFICIAL HOLDERS.

Contact:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com

View the original article here

New HI-M-PACT&#8482 Low-Dosage Hydrate Inhibitor - Step Improvement in Deepwater Flow Assurance

SUGAR LAND, Texas (May 31, 2002) - Baker Petrolite introduces the HI-M-PACT™ low-dosage hydrate inhibitors (LDHI) to help deepwater oil and gas operators inhibit hydrate plugging, reduce costs and increase hydrocarbon recovery. In field applications, the low-dosage HI-M-PACT inhibitors have achieved significant total cost savings in production systems designed for conventional methanol treatment.

Hydrates are ice-like crystalline structures that form in deepwater systems through the combination of light hydrocarbons and water under low seabed temperatures and high reservoir pressures.

Hydrate plugs have formed as long as 2,000 ft (610 m) and have blocked pipelines as large as 40” (1 m) in diameter. The cost of remediating hydrate plugging can be extremely high in subsea lines that stretch as long as 60 miles (97 km).

Based on anti-agglomerant technology, these low-dosage HI-M-PACT inhibitors disperse hydrates into the liquid hydrocarbons. Dosage rates are typically 1/40th that of conventional inhibitors. With the HI-M-PACT anti-agglomerant inhibitor, total costs for existing production systems are expected to be cut by as much as 50%. The greatest savings are expected in the design of new production systems through the use of narrower treatment flow lines, reduction of premium deck space for treatment storage tanks and incremental hydrocarbon recovery.

In a deepwater Gulf of Mexico field, methanol injection at the maximum rate was insufficient to control hydrates in 24-mile gas condensate flow lines,” explained Hartley Downs, Director of Fluids Conditioning for Baker Petrolite. “The HI-M-PACT inhibitor at a low dosage of 0.35 gal/bbl of water increased production by 20 MMcfd. Increased capacity afforded by the HI-M-PACT treatment is expected to allow the recovery of additional 7.5 Bcf in hydrocarbon reserves.”

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LLOG/EXMAR Who Dat Field Article

Through collaborative initiatives between LLOG Exploration Co. LLC and Baker Hughes, a series of three wells in LLOG’s Who Dat field were successfully drilled and completed, including multizone well architecture integrated with intelligent well systems. Optimization of the well architecture and completion design was achieved through a comprehensive understanding of the reservoir requirements and long-term production goals of LLOG’s Who Dat field. The overall technical and operational success of the project can be attributed to a combined team using Baker Hughes’ expertise across multiple technology areas and LLOG’s operational knowledge. Together with LLOG, Baker Hughes devoted some of its most experienced engineers and technicians, with years of experience ranging from 11 to 43.

The Who Dat field’s first well, MC 547 SS01, was completed in June of 2010 and set the bar for subsequent expectations. Well MC 503 SS02 was completed in September of 2010 as an intelligent well, and MC 503 SS01 was completed in January of 2011 with three frac packs integrated with intelligent well systems. The well designs included two intelligent well systems that enabled the operator to produce from separate zones or comingle production, resulting in optimal management of reserve recovery and well performance. Despite the complexity and scope of technology, the wells were drilled and completed with industry-leading efficiency and safety performance while meeting the goals under the planned cost.

Precise wellbore placement

Baker Hughes’ drilling and evaluation team delivered precise wellbore placement and critical formation data integral to the success of LLOG’s Who Dat project by using the AutoTrak G3™ rotary steerable system. In addition, an array of logging-while-drilling (LWD) services were implemented, including Baker Hughes’ OnTrak™ measurementwhile- drilling (MWD) service, LithoTrak™ LWD porosity service, SoundTrak™ LWD acoustics service, and TesTrak™ LWD formation pressure-testing service. To further define reservoir characteristics, a post-processing technique for logging mechanical properties was used to aid in determining reservoir compressibility and its affect on recoverable reserves.

The combined portfolio of technologies and services were implemented to minimize the overall project risk. Baker Hughes’ AutoTrak G3 rotary steering system combined with real-time MWD/LWD data enabled the rotary steering system to drill complex well targets. TesTrak services were used in the first well during the drilling phase to measure formation pressures in an unknown pressure regime, as well as provide fluid gradients and reservoir fluid mobility. The real-time formation pressure testing provides data to update the geological model as well as improve wellsite safety and enhance drilling efficiency. The LithoTrak advanced LWD porosity service was used in all three wells in the 12 ¼-in. and 8 ½-in. reservoir sections. LithoTrak provides neutron porosity, bulk density and acoustic caliper measurements. In addition, the bulk density measurement can be displayed as a borehole image spanning 360°.

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Our rotary steerable drilling system allows you to navigate precisely into the target using superior directional control in the most challenging well profiles.

View All Rotary Steerable Systems

Even under challenging borehole conditions, you can be confident we’re offering the industry’s most accurate porosity measurements.

View All Logging While Drilling

Minimize wellbore breakouts and possible collapse using reliable, real-time compressional and shear wave travel times in fast and slow formations.

View All Logging While Drilling

Get directional, drilling dynamics, ECD, and geological information including gamma-ray and resistivity measurements from a single, compact BHA module.

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REVISED: Baker Hughes Announces Conference Call

HOUSTON, Dec 22, 2009 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Tuesday, January 26, 2010 at 10:00 a.m. eastern, 9:00 a.m. central. During the conference call, the company intends to discuss results for the fourth quarter 2009, ending December 31, 2009. The results are expected to be released on Tuesday, January 26, 2010, before the market opens.

To access the call, which is open to the public, please call the conference call operator at 800-374-2469, or 706-634-7270 for international calls, 20 minutes prior to the scheduled start time and ask for the "Baker Hughes Conference Call." A replay of the call will be available through Tuesday, February 9, 2009. The number for the replay is 800-642-1687 in the United States, or 706-645-9291 for international calls, and the access code is 48158116. To access the webcast, go to http://investor.shareholder.com/bhi/events.cfm. Investors can automatically receive e-mail alerts when news releases are posted to the company's internet site. To subscribe, go to http://investor.shareholder.com/bhi/alerts.cfm.

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

CONTACTS: Investor Relations: Gary Flaharty, Vice President, Investor Relations, 713-439-8039, gflaharty@bakerhughes.com Gene Shiels, Assistant Director, Investor Relations, 713-439-8822, gene.shiels@bakerhughes.com

SOURCE Baker Hughes Incorporated

http://www.bakerhughes.com

Copyright (C) 2009 PR Newswire. All rights reserved

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New Baker Hughes Research and Technology Center in Brazil Demonstrates Next Phase in Network of Global Technology Solutions

HOUSTON, TEXAS – Oct. 7, 2011 – Baker Hughes (NYSE: BHI) announced today the opening of a new research and technology center in Rio de Janeiro designed to enable the development of technologies and solutions to unlock the full potential of deep water and pre-salt reservoirs.

“Baker Hughes’ new research facility on the Federal University of Rio de Janeiro will open up a new level of collaboration with our customers and Latin American universities. Together we will build a new generation of highly specialized wellbore construction tools and services to economically produce the pre-salt reservoirs in offshore Brazil,” said Andy O’Donnell, president of the Western Hemisphere for Baker Hughes. “The new Baker Hughes Rio Research and Technology Center in Brazil represents the next phase in the expansion of our global technology network and strengthens our capability to provide local solutions.”

The Brazil center is one of 10 major research and technology facilities globally situated in the U.S., U.K., Russia, Germany and Saudi Arabia. The centers focus on providing solutions to oil and gas challenges specifically related to applications engineering and geosciences. In addition, the facilities enable Baker Hughes to provide support for field testing of new products and regional customization of existing commercial products.

By the end of 2012, the Rio Research and Technology center is expected to create 45 new jobs and the company will continue to add to its workforce by recruiting regional scientists and engineers and other professionals to the center as new projects are initiated.

Baker Hughes is already partnering with the Federal University of Rio de Janeiro and Petrobras to consult on the design, construction and operation of a full-scale laboratory drilling simulator located near the university. Baker Hughes will reproduce field-drilling conditions in a controlled environment so that the drilling process can be monitored, characterized and improved.

Amended on Nov. 8, 2011 to reflect Baker Hughes’ Rio Research and Technology Center in Brazil is located on the Federal University of Rio de Janeiro.

# # #

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completions, pressure pumping and production products and services to the worldwide oil and gas industry.

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Factors Key To Deepwater Cementing article

HOUSTON–As deepwater oil and gas exploration expands around the world, well cementing is a critical aspect of well construction with unique considerations because of the deepwater environment and downhole conditions. To minimize risks, well construction costs and nonproductive time, it is important to understand the constraints for deepwater cementing and essential good cementing practices, and to carefully plan for contingencies that may arise when working in locations where cement must be placed properly the first time, every time.

Two of the most frequently asked questions regarding offshore operations are what makes deepwater drilling so challenging, and what is the major difference from drilling on the Shelf? To answer this question, one must understand that deepwater drilling rigs float thousands of feet above the surface location. They are kept on station either by anchors attached by miles of gigantic cables or by an automated dynamic positioning system that operates the rig’s thrusters based on very precise data from global positioning satellites. Both of these systems have limits, but they have propelled oil and gas exploration into water depths greater than 10,000 feet.

Deepwater semisubmersibles deploy two-story-high stacks of blowout preventers that sit on the seafloor and are exposed to extreme cold and external pressure. The floating rigs also carry small unmanned, remotely operated vehicles that monitor operations at the seafloor and use robotic arms to assist when necessary. These technological wonders and dozens more, developed and built by the service industry especially for the challenges of deepwater drilling, add to a huge capital investment by oil and gas exploration and production companies. The cost of developing a deepwater field can exceed $1 billion, and increases with increasing water depth.

The mechanics of drilling a deepwater well are also much different from drilling on land or on the Shelf. In deep water, the first two to three strings of pipe are installed without a connection back to the rig. Riserless drilling essentially eliminates any means of placing pressure on the well, other than the pressure exerted by the well fluids and the natural column of sea water. This means that mud and cement companies must have very specialized systems and training in order to counteract and control the problems associated with riserless drilling.

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BHI to Sell Baker Hughes Mining Tools

HOUSTON, July 28 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI) announced today that it has signed a definitive agreement withAtlas Copco North America, Inc. to sell Baker Hughes Mining Tools, "BHMT",part of the Hughes Christensen division, to Atlas Copco. BHMT is a leadingmanufacturer of rotary drill bits used in the worldwide mining industry with2003 revenues of approximately $40 million. The closing of the transaction issubject to certain closing conditions and is expected to be completed in thethird quarter of 2004. The company intends to classify Baker Hughes MiningTools as a discontinued operation.

Commenting on the sale, James R. (Rod) Clark, Baker Hughes' president andchief operating officer said, "I believe that the customers and employees ofBaker Hughes Mining Tools will benefit from being part of an organizationdedicated to the mining industry."

Forward-Looking Statements

This news release (and oral statements made regarding the subjects of thisrelease) contain forward-looking statements within the meaning of section 27Aof the Securities Act of 1933, as amended, and section 21E of the Securitiesand Exchange Acts of 1934, as amended. The words "would", "is expected to","intends", "believe", and similar expressions are intended to identifyforward-looking statements. The Company's expectations with regard to theimpact of this transaction are subject to various risk factors and conditionsthat could cause actual results to differ materially. The risk factorsinclude, but are not limited to, satisfaction of the closing conditions,consummation of the sale, material adverse changes in the mining business andother factors described in the Company's public reports field with theSecurities and Exchange Commission. The Company assumes no responsibility toupdate any of the information referenced in this news release.

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

****
NOT INTENDED FOR BENEFICIAL HOLDERS

Contacts:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,
+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com

View the original article here