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

By
A A A

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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BHI

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Quick on Your Feet
Quick on Your Feet                  
Early Entrepreneurship
Early Entrepreneurship              

Stocks

Referenced

67%

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com