Eclipse Resources Award for Drilling Excellence, Northeast 2015

Awarded to: Baker Hughes

Judges Comments

“Their technology continues to set the market in drilling excellence. Baker demonstrated a willingness to give back to the industry they serve.”

“Baker Hughes’ entry described a significant technical innovation, the hybrid drill bit, which combines the advantages of poly-crystalline diamond bits and roller cone technologies in a single bit. Their case studies demonstrate they achieved significant cost savings for their customers using the new bit at extreme depths by improving rate of penetration and eliminating additional trips in inter-bedded formations.”

Baker Hughes – Corporate Overview

Baker Hughes Incorporated (NYSE: BHI) provides technology and services that enable oil and gas companies to deliver safe, affordable energy to the world. The company has been in business for more than a century and employs approximately 61,000 people in more than 80 countries. At the core of the Baker Hughes DNA is innovation in the design and construction of, and production from, oil and gas wells. Today, that technology leadership creates value by developing new ways to help customers improve well construction efficiency, integrating technology and services to develop new solutions that accelerate and optimize hydrocarbon production, and researching new ways to increase ultimate recovery. Beyond the upstream sector of the oil and gas industry, Baker Hughes serves the midstream and downstream markets with technologies and chemistries that ensure safe, reliable transmission and processing of hydrocarbons. Working interdependently with our customers and others, Baker Hughes combines inventive technology with superior service and dynamic business models to create solutions that deliver differential value.