Milchem
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.
Background
[edit | edit source]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]
References
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