Milchem Inc. was formed in 1963 to manufacture and market drilling fluids and oilfield chemicals. The company's home office was located at 3920 Essex Lane [1] in Houston, Texas. It had regional sales and service offices throughout North America and the world.
In 1971, Milchem was acquired by Baker Oil Tools.
In 1985, Baker announced that it would combine its Houston-based Milchem Drilling Fluids subsidiary with competitor New Orleans–based Newpark Drilling Fluids forming Milpark, with Baker getting 64% of the merged company and Newpark Resources Inc. parent of Newpark Drilling Fluids taking 36%. Combined revenues at the time of the merger were estimated at $225 million per year. [2]
In 1987, Baker merged with Hughes forming Baker Hughes and Hughes Drilling Fluids was merged into Milpark.
In 1993, Milpark became a product line within Baker Hughes INTEQ.
In 2004, Baker Hughes Drilling Fluids was established as a stand-alone division of Baker Hughes.[ citation needed ]
Halliburton Company is an American multinational corporation and the world's second largest oil service company which is responsible for most of the world's largest fracking operations. It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries. The company, though incorporated in the United States, has dual headquarters located in Houston and in Dubai.
The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes in Glendale, California, as a division of Hughes Tool Company. The company produced the Hughes H-4 Hercules aircraft, the atmospheric entry probe carried by the Galileo spacecraft, and the AIM-4 Falcon guided missile.
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas.
Schlumberger NV, doing business as SLB, also known as Schlumberger Limited, is an American oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Baker Hughes Company is a global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications. It operates in over 120 countries, with facilities in Australia, Brazil, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, the United Kingdom and the United States.
Hughes Tool Company was an American manufacturer of drill bits. Founded in 1908, it was merged into Baker Hughes Incorporated in 1987.
Howard Robard Hughes Sr. was an American businessman and inventor who founded the Hughes Tool Company. He invented the "Sharp–Hughes" two-cone rotary drill bit during the Texas Oil Boom. Hughes was the father and namesake of Howard Hughes the American business tycoon and founder of Hughes Aircraft.
Lufkin Industries is an American manufacturing company founded in 1902 and headquartered in Missouri City, Texas. Lufkin is a provider of rod lift products, automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. It was an independent company until being acquired by GE Oil & Gas in July 2013, which later merged with Baker Hughes to create Baker Hughes, a GE Company (BHGE). On June 30, 2020, KPS Capital Partners, LP completed its previously announced acquisition of Lufkin from Baker Hughes.
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
Piper Sandler Companies is an American multinational investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.
A blowout is the uncontrolled release of crude oil and/or natural gas from an oil well or gas well after pressure control systems have failed. Modern wells have blowout preventers intended to prevent such an occurrence. An accidental spark during a blowout can lead to a catastrophic oil or gas fire.
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems. These companies have served the upstream oil and gas industry since 1903 and are suppliers of products, systems, and services for onshore and offshore drilling. Vetco was headquartered in London UK, and employed over 10,000 people in more than 30 countries worldwide.
Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. Surviving parts of Hughes Electronics are today known as DirecTV Group, while the automotive divisions became Aptiv.
BJ Energy Solutions was founded in 1872 as the Byron Jackson Company in Woodland, California, by inventor Byron Jackson.
Andrews Kurth Kenyon LLP was a Houston, Texas based international law firm founded by Frank Andrews and U.S. Congressman Thomas Henry Ball in 1902, and later joined by Melvin Kurth in 1913. In April 2018, the firm merged with Hunton & Williams LLP to form Hunton Andrews Kurth LLP.
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.
Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process industries. Cameron was acquired by Schlumberger (SLB) in 2016, and now operates as 'Cameron, an SLB Company.' At the start of the SLB acquisition in 2015, Cameron employed approximately 23,000 people and delivered $9.8 billion in revenue.
Grant Prideco, Inc. is a supplier of drill pipe and drill stem accessories headquartered in Houston, Texas. Since 2008, it has been a subsidiary of energy services company NOV Inc. Grant Prideco was included on the Fortune magazine top 1000 largest corporations for several years in the mid-2000s and through the 1990s and early 2000s was the world's largest oilfield drill pipe supplier.
Sullair is a major American manufacturer of portable and stationary rotary screw air compressors designed for commercial and industrial use. Founded in 1965 in the town of Michigan City, Indiana U.S.A., Sullair has manufacturing facilities in Michigan City that distribute and service air compressor packages and systems worldwide. Sullair also has manufacturing facilities in Suzhou, Jiangsu and Shenzhen, Guangdong China that service the Asian and Australasian markets. Sullair also has offices in Dandenong South, Australia near Melbourne, and in Sunderland, United Kingdom that services markets in the EMEA and Russia.