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Baker Hughes Incorporated
Type	Public (NYSE: BHI)
Founded	1987 (merger)
Headquarters	Headquarters in Houston. Operates worldwide
Key people	Chairman & CEO: Chad Deaton President & COO James Clark
Industry	Oil and Gas
Products	Oil field services & equipment
Revenue	$6.1 billion USD (2004)
Employees	> 26,900 worldwide (2004)
Slogan	Core Values of Integrity, Teamwork, Performance & Learning
Website	BakerHughes.com

Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger and Halliburton, its main competitors.

Chad Deaton is the CEO.

Baker Hughes Incorporated was formed when Baker International and Hughes Tool Company merged in 1987. Baker Hughes is headquartered in Houston, Texas and operates worldwide with major offices in Aberdeen (UK), Singapore, Dubai, Research & Maintenance Facility in Celle (Germany) and (Lafayette) Louisiana. The company is administered broadly in 4 regions worldwide, namely EARC (Europe, Africa, Russia & Caspian), MEAP (Middle East, Asia-Pacific), NA (North America) and LA (Latin America).

Contents 1 History 2 Business Units 3 Acquisitions 3.1 Completions 3.2 Drilling Fluids 3.3 Mud Logging 3.4 Directional Drilling & Diamond Drill Bits 3.5 Measurement while Drilling 3.6 Fishing Tools & Services 3.7 Specialty Chemicals 3.8 Seismic Exploration, Well Logging 4 Joint venture 5 See also 6 External links

The Hughes Tool Company was founded by Walter B. Sharp and Howard R. Hughes, Sr., father of Howard Hughes, Jr., the famous aviation enthusiast (of The Aviator movie fame) who flew the infamous Spruce Goose. Howard Hughes, Jr. formed the Hughes Aircraft Company, which was eventually splintered into various business units and merged with Raytheon, General Motors and Boeing. Baker International was formed by Reuben C. Baker, who developed a casing shoe that revolutionized cable tool drilling. Baker soon diversified into making downhole tools to facilitate oil & gas production, set casing and deploy cementing tools (floats). Baker Hughes completes a 100 years of corporate history in 2007.

Until recently, Baker Hughes was co-owner, with Schlumberger, of WesternGeco, the geophysical and seismic data acquisition company (see timeline below).

• Baker Atlas - Advanced Wireline well logging and Data Analysis
• Baker Hughes INTEQ - Directional Drilling, MWD/LWD and Surface Logging Systems
• Baker Hughes Drilling Fluids - Drilling fluids technology
• Baker Oil Tools (BOT) - Completion, fishing, and workover solutions
• Baker Petrolite (BPC) - Specialty chemicals and Processing
• Hughes Christensen (HCC) - Drill bits & Drilling optimization
• Centrilift - Electric submersible pump systems
• Production Quest - Production Optimization
• Baker Hughes Business Support Services (BHBSS) - IT, Finance, Payroll, Compliance (Financial & IT)

• Brown Oil Tools
• CTC
• EDECO
• Elder Oil Tools

• Milchem
• Newpark

• EXLOG

• Eastman Christensen
• Drilex

• Teleco

• Tri-State
• Wilson

• Aquaness
• Chemlink
• Petrolite - 1997

• Western Atlas - 1998

(previously formed by the merger of Dresser Atlas & Western Geophysical)

In 2000, Baker Hughes and Schlumberger formed a joint venture called Western Geco. The Joint venture was signed for a period of 5 years in November 2000. Western Geco was formed by the merger of Baker Hughes's Western Geophysical and Schlumberger's Geco-Prakla which were the two leading seismic interpretation companies.

In 2006, Baker Hughes announced in a press release that it was selling its 30% share of the Western Geco joint venture to Schlumberger for $2.4 billion in cash. Goldman, Sachs & Co. provided advice on the transaction.

• List of oilfield service companies

• Baker Hughes Incorporated
• Baker Hughes Alumni
• WesternGeco