Release: Baker Hughes Drilling Fluids signs exclusive agreement with JLC Technologies, LLC for Fluid Treatment Technology

Wednesday, May 16, 2007

HOUSTON – May 11, 2007 – Baker Hughes Drilling Fluids has signed an exclusive license agreement with JLC Technologies, LLC of Tyler, Texas for technology for produced water management and other fluid treatment applications for the oil and gas industry worldwide.

Under the agreement, Baker Hughes Drilling Fluids will market and manage services applying JLC Technology’s unique filtration system, expanding the capabilities of its Fluids Environmental Services line. With this technology, the company will provide clients with a unique solution to effectively manage produced water and other fluids generated in the oil and gas industry.

JLC Technologies develops leading-edge fluid treatment technologies designed to provide efficient, environmentally safe, and beneficial solutions to a variety of industries. In development for 12 years, this filtration technology is currently commercially available in several industries.

Baker Hughes Drilling Fluids, a division of Baker Hughes, is a worldwide provider of fluids environmental services, water-base and emulsion-base drilling fluids systems, completion fluids, specialty products, and industrial drilling products. With global presence and advanced technologies, Baker Hughes Drilling Fluids will continue to deliver new fluids services and technologies that meet the industry’s demanding challenges.

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products ands services to the worldwide oil and gas industry.

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CONTACT:

Baker Hughes Drilling Fluids

Danette Pulis, 713 625 4228

[email protected]

Baker Hughes Incorporated

Pramod Kulkarni, 713 439 8275

[email protected]

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