Referenced Stocks

Baker Hughes Oilfield Operations Converts Fleet of Frac Units to Biofuel Pumps; Shares Dip 1%

By MT Newswires,  November 26, 2012, 01:45:38 PM EDT

Baker Hughes Inc. ( BHI ) is down 0.8% to $41.51 after announcing that its subsidiary Baker Hughes Oilfield Operations has converted a fleet of its Rhino hydraulic fracturing units to bifuel pumps in an effort to improve operational efficiency, lower costs, and reduce health, safety and environmental impacts.

The new pumps use a mixture of natural gas and diesel, reducing diesel use by up to 65% with no loss of hydraulic horsepower. The converted fleet, which meets all U.S. Environmental Protection Agency emissions standards.

BHI is trading in a 52-week range of $37.08 - $56.11. Shares have fallen 15% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BHI



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