Halliburton buys Baker Hughes for $34.6 billion

Halliburton buys Baker Hughes for $34.6 billion

Wednesday, November 19, 2014 by Katie Woods

The New York Times reports that Halliburton and Baker Hughes have made the decision to merge their companies.

Halliburton will buy Baker Hughes for $34.6 billion. However, if the deal fails, Halliburton will pay Baker Hughes $3.5 billion.

Halliburton and Baker Hughes are both oilfield service providers. Together, they could better compete against another oilfield service provider, Schlumberger.

The merger will save an estimated $2 billion by combining operations, research and development.

Via: The New York Times > Halliburton and Baker Hughes Agree to Friendly $34.6 Billion Merger

Marcellus & Utica Shale Well Map

Additional Shale Maps

Source Rock Maturation Status Map

Class II Brine Injection Wells of Ohio

Northwest PA- Utica Point Pleasant Potential

Shale FAQ

What are mineral rights?

Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

Will I get free natural gas if I allow fracking on my property?

Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.

View Entire FAQ

About Shale Gas Reporter

Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.