Baker Hughes Drilling Fluids History

Early Days

1931 MILWHITE Company Formed

– Miller owner, Clay was white

1956 MILWHITE Company Purchased by Mississippi
River Fuel Corp.

1959 Moved Corporate Headquarters to Houston

1962 Purchased by Olin Group
 Creation of MILCHEM

1963 MILWHITE purchased by Aquaness

1964 MILCHEM INC. formed

1960’s International Expansion
– Europe, Africa, Middle East and Far East
– Distributorships in Latin America and Canada

1960’s Domestic Expansion
– Nevada Barite Plant
– California Operations
 Baker International

1971 Milchem purchased by Baker International

– Separate International and Domestic Divisions

1970’s Expansion
– Barite Plants in Ireland, Nevada, Arkansas
– Offices opened in Gabon, Nigeria, and Ivory Coast
– Special Office/Lab in Aberdeen, Scotland
– Blending Plant in Hull
– Geo-Fluids Acquired in Australia
 1980’s Oil Industry Mergers

1980’s BHI moved Corporate Offices to Houston

Hollister Technology Center Completed
– Joint Effort of Reed and MILCHEM, Inc.

1985 MILCHEM, Inc. acquires Newpark
– Milpark (Domestic Operations)
– Milchem, Int. (International Operations)

1987 - Baker International and Hughes Tool Co. Merge
– Milpark merges with Hughes Drilling Fluids
– Milpark Drilling Fluids Created
 Project Novus

1992 Announcement of Project Novus

– Combination of 5 companies into one

1993 Baker Hughes INTEQ (March 31, 1993)
– EXLOG
– Milpark Drilling Fluids
– Develco
– Eastman Teleco
– Baker Sand Control

Drilling Fluids
 Baker Hughes Drilling Fluids

2004 Baker Hughes

announces a Drilling Fluids
division - Baker Hughes
Drilling Fluids
– John “Andy” O’Donnell
named President
– Richard Williams named
President in 2005.
 Fluids Mergers

+ =
+

=
Baker Hughes Drilling
INTEQ formed in 1993 Fluids created in 2004

Drilling Fluids