Baker Hughes Declares Quarterly Dividend
Baker Hughes Incorporated Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable September 23, 2015 to holders of record on September 2, 2015. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 49,000 employees today work in more than 80 countries helping customers find…
June Rig Count Drops - Baker Hughes
Baker Hughes Incorporated announced today that the international rig count for June 2015 was 1,146, down 12 from the 1,158 counted in May 2015, and down 198 from the 1,344 counted in June 2014. The international offshore rig count for June 2015 was 277, down 7 from the 284 counted in May 2015, and down 43 from the 320 counted in June 2014. The average U.S. rig count for June 2015 was 861, down 28 from the 889 counted in May 2015, and down 1,000 from the 1,861 counted in June 2014.
Halliburton & Baker Hughes Merger
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction.
Halliburton Seeks to Replace Baker Hughes Board
Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed discussions between the parties regarding a potential business combination transaction, and Halliburton's refusal to improve its first and only value proposal. Baker Hughes considers the notice to be an attempt by Halliburton to pressure the Baker Hughes board into accepting a transaction with Halliburton on Halliburton's terms.
Baker Hughes Confirms Talks with Halliburton
Baker Hughes Incorporated today confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. The firm said that the discussions may or may not lead to any transaction. Baker Hughes also said in a prepared statement that it does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
Baker Hughes Announces 3Q, 2014 Well Count
Baker Hughes Incorporated (announced today that the U.S. onshore well count for the third quarter 2014 was 9,566 wells, up 110 wells or 1% compared to the second quarter 2014. Compared to the third quarter 2013, the well count was up 491 wells or 5%. Compared to the second quarter 2014, the well count increased most notably in the Williston (up 45 wells or 7%), DJ-Niobrara (up 30 wells or 10%), and Cana Woodford (up 18 wells or 28%) basins. This increase was partially offset by decreases in the Eagle Ford (down 27 wells or 2%)…
Baker Hughes' CEO to Present at 2014 Barclays Energy-Power Conference
Baker Hughes Incorporated announced that the Company's Chairman and Chief Executive Officer, Martin Craighead, will be making a presentation at the Barclays CEO Energy-Power Conference on Wednesday, September 3, 2014, at 9:45 a.m. Eastern time. Those interested can listen to the presentation and view the presentation materials during the conference, by logging onto the "Events & Presentations" page on our website at: www.bakerhughes.com/investor. They could also listen to a replay…
Baker Hughes Announces Q2 Conference Call
2014, ending June 30, 2014. The call will begin at 8:30 a.m. Eastern time. The results are expected to be released on Thursday, July 17, 2014, before the market opens. To access the call via a live webcast, please visit our website at: www.bakerhughes.com/investor. The call will also be available by dialing the conference call operator at: 800-446-1671 in the United States and 847-413-3362 for international calls. A replay of the conference call and webcast will be available through Thursday, July 31, 2014.
Baker Hughes Acquires Software Company Perfomix
Baker Hughes Incorporated (BHI) announced the acquisition of Perfomix, Inc., a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performance. Perfomix will operate as a wholly-owned subsidiary of Baker Hughes and will be integrated into the company's remote operations services organization. Perfomix offers a data and advisory services delivery platform to support drilling, pressure pumping, completions and production operations, and regulatory reporting requirements.
