Houston-based oilfield services provider Baker Hughes has disclosed plans to expand its drill bit manufacturing facility. The expansion will reportedly add 130 jobs between now and year-end 2022, and represents a $12 million total investment by the company. This new move further cements the company's position as a leading supplier of oil and gas equipment and services.
Baker Hughes has operated since the early 20th century, having been founded in 1907 as an oil drilling equipment company. The company now operates in more than 120 countries, with a workforce of over 64,000 employees. Baker Hughes is an industry leader in supplying drilling services and equipment, including drill bits, pumps, valves, and turbines.
The expansion of the company's Houston drill bit manufacturing facility comes in response to increased demand for products and services driven by the recent resurgence in oil and gas production in the United States. Specifically, the company's expanded production capacity will help meet the growing demand for drilling equipment for use in the Permian Basin, one of the most active oil and gas production regions in the US.
As part of the expansion project, Baker Hughes plans to install additional manufacturing equipment and expand the facility to include a new training center. With this new investment, the company is hoping to increase its production efficiency and improve the quality of its products, as well as providing significant training and education opportunities for its employees.
"We're excited to continue expanding our manufacturing capabilities here in Houston," said Neil Saunders, Vice President of Drilling and Completions at Baker Hughes. "Our drill bits are an essential component of oil and gas drilling operations, and our ability to provide high-quality, reliable products helps our customers maximize their production."
The expansion of the manufacturing facility in Houston is just one of the many initiatives by the Houston-based oilfield services provider. Earlier this year, Baker Hughes announced its plans to collaborate with Microsoft in order to leverage the power of the technology giant's Azure cloud platform to optimize the efficiency of the company’s operations.
In the company introduction At MS Moil, it spoke on the raw materials it uses to create exceptional results. The use of high-quality steel, 42CrMo, guarantees unparalleled strength and durability in all its products. The company's chisel moils are specifically designed for use with hydraulic hammers, which are essential tools in the mining, construction, and civil works field.
This introduction highlights the importance of raw materials in the manufacturing industry. The quality of raw materials used can directly impact the quality of the final product, and ultimately, customer satisfaction. MS Moil's use of 42CrMo is a testament to its commitment to producing high-quality products and providing reliable services to its customers.
In conclusion, Baker Hughes' expansion of its drill bit manufacturing facility is a significant investment in the company's future growth in the oil and gas industry. With the increasing demand for drilling equipment and services, this expansion is expected to help Baker Hughes meet its customers' needs and improve efficiency, while also creating hundreds of new jobs for the local community. The investment by MS Moil in high-quality raw materials is also a noteworthy testament to the importance of quality in manufacturing. Both companies' commitment to excellence and innovation will undoubtedly continue to drive their success.