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HOWARD WEIL ENERGY Conference – Baker Hughes

Baker Hughes · Mar 25, 2014 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 1
    Martin Craighead - Chairman and CEO, Baker Hughes Presentation at Howard Weil Energy Conference, March 25, 2014 Speaker Notes & Presentation Slides Good morning everyone, and thank you Bill, for inviting me to present today. A year…
  2. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 2
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Today, Id like to shift from offshore to onshore, and talk about the biggest near-term opportunity for Baker Hughes, and that is leveraging our heritage of technology…
  3. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 3
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Baker Hughes has always played a leading role in improving the economics of oil and gas development. Introducing innovative new technologies is in our DNA, and has been for…
  4. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 4
    Howard Weil Energy Conference March 25, 2014 Martin Craighead We also expanded our global research network, and recently opened the Reservoir Consulting Center of Excellence in Abu Dhabi. This center is strategically located to provide…
  5. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 5
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Today, one of the greatest opportunities to leverage our strengthening research and development capability is to continue improving the economics of shale production. For…
  6. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 6
    Howard Weil Energy Conference March 25, 2014 Martin Craighead But, as weve predicted, the rate of change in respect to drilling efficiencies is beginning to plateau. There is still some room for improvement in the Permian, but most of…
  7. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 7
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Let me share an example; this quarter, we launched ShadowPlug. This innovation incorporates completions technology with nanotechnology, and has the potential to save a bit…
  8. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 8
    Howard Weil Energy Conference March 25, 2014 Martin Craighead The ball lands on the ShadowPlug and the zone is ready to be fraced. At this point, from the customers perspective, the plugging, perforating, and well stimulation has not…
  9. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 9
    Howard Weil Energy Conference March 25, 2014 Martin Craighead ShadowPlug is a great example of how we continually drive efficiencies, one hour at a time, through incremental changes in technology. But heres the takeaway: ShadowPlug does…
  10. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 10
    Howard Weil Energy Conference March 25, 2014 Martin Craighead As innovators, this is where Baker Hughes is going to make its next mark on the energy industry, and its beginning with our ProductionWave solution that we introduced to…
  11. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 11
    Howard Weil Energy Conference March 25, 2014 Martin Craighead are now able to custom-tailor a well-specific solution, designed to maximize production in the unconventionals. And the performance of ProductionWave is exceeding…
  12. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 12
    Howard Weil Energy Conference March 25, 2014 Martin Craighead To date, we have installed several hundred ProductionWave systems. And were now seeing scenes like the one you see here more and more often: customers tearing down the old…
  13. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 13
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Today, there are nearly 400,000 producing oil wells in the U.S. ten percent of which are unconventional wells. And each year our customers here are punching another 35,000…
  14. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 14
    Howard Weil Energy Conference March 25, 2014 Martin Craighead In the short term, our performance is driven by todays products and todays market environment. Our products are doing well, but as youve heard, demand has been impacted by…
  15. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 15
    Howard Weil Energy Conference March 25, 2014 Martin Craighead When we look beyond this quarter, our outlook for the full year is unchanged and as bright as ever. In North America, with winter weather behind us, rising US well counts,…
  16. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 16
    Howard Weil Energy Conference March 25, 2014 Martin Craighead And last but not least, that brings me to our Industrial Services group. Normally, this is where I would remind you that Industrial Services does not change much over the…
  17. HOWARD WEIL ENERGY Conference – Baker Hughes – slide 17
    Howard Weil Energy Conference March 25, 2014 Martin Craighead Likewise, we project our investment in research and engineering investment to reach record levels again this year. Innovation remains the lifeblood of Baker Hughes and will…

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