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Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK.As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications.
In 1909, Baker's competitor Howard R. Hughes, Sr. patented the first roller cone drill bit, which made it possible to drill through deeper, harder rock. This was the basis for the Hughes Tool Company. [2] [13] [14] [17] Baker organized the St. Paul Consolidated Oil Company on September 24, 1910, with USD$600,000 in capital.
Hughes Tool's majority stake in TWA was sold off in 1966. Two years later, in 1968, Hughes Tool Company purchased the North Las Vegas Air Terminal. In the late-1960s, Hughes Tool ventured into the hotel and casino business with the acquisition of the Sands, Castaways, Landmark, Frontier, Silver Slipper, and Desert Inn, all in Las Vegas.
As quoted in an online version of: David R. Lide (ed), CRC Handbook of Chemistry and Physics, 84th Edition.CRC Press. Boca Raton, Florida, 2003; Section 4, Properties of the Elements and Inorganic Compounds; Physical Properties of the Rare Earth Metals
For example, if the tool fails at 1,500 ft (460 m) while drilling with a triple rig (able to trip 3 joints of pipe, or about 90 ft (30 m) feet, at a time), then it would generally be faster to pull the tool out of the hole than it would be to rig up wireline and retrieve the tool, especially if the wireline unit must be transported to the rig.
Baker Hughes has an intangible assets ratio of 32%. This is well above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth.
Logging while drilling (LWD) is a technique of conveying well logging tools into the well borehole downhole as part of the bottom hole assembly (BHA).. Although the terms Measurement while drilling (MWD) and LWD are related, within the context of this section, the term MWD refers to directional-drilling measurements, e.g., for decision support for the smooth operation of the drilling, while ...
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems.