Milchem Inc. was formed in 1963 to manufacture and market
drilling fluid
In geotechnical engineering, drilling fluid, also called drilling mud, is used to aid the drilling of boreholes into the earth. Often used while drilling oil and natural gas wells and on exploration drilling rigs, drilling fluids are also us ...
s and oilfield chemicals.
The company's home office was located at 3920 Essex Lane in Houston, Texas. It had regional sales and service offices throughout North America and the world.
Background
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.
In 1987, Baker merged with Hughes forming
Baker Hughes
Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, productio ...
and Hughes Drilling Fluids was merged into Milpark.
In 1993, Milpark became a product line within
Baker Hughes INTEQ
Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, productio ...
.
In 2004, Baker Hughes Drilling Fluids was established as a stand-alone division of
Baker Hughes
Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, productio ...
.
References
Chemical companies of the United States
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