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

By Staff,

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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.

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This article appears in: Investing Commodities
Referenced Stocks: BHI

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