Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Baker Hughes Says U.S. Opens Probe Into Fracking Service

July 24 (Bloomberg) -- Baker Hughes Inc., the third-largest provider of services to drill and complete wells, said the U.S. Justice Department is seeking documents for an antitrust investigation related to the hydraulic-fracturing market.

The company received a Civil Investigative Demand, or CID, from the department on May 30 and is working to provide the requested documents and information on its pressure-pumping services, Houston-based Baker Hughes said in a regulatory filing today. The request involves information from May 29, 2011, through the date of the demand, according to the company.

“We are not able to predict what action, if any, might be taken in the future” by the Justice Department or other government authorities because of the investigation, Baker Hughes said in the filing.

The pressure-pumping technique known as fracking involves blasting water mixed with sand and chemicals underground to free trapped hydrocarbons from shale formations. Prices charged for U.S. fracking services slid 14 percent in 2012 and are expected to fall another 6 percent this year, according to PacWest Consulting Partners LLC, a Houston-based industry adviser.

Christine Mathers, a Baker Hughes spokeswoman, didn’t immediately return voice messages seeking comment after regular business hours.

Schlumberger Ltd. and Halliburton Co. are the largest oilfield-services providers. The companies didn’t immediately respond to phone calls and e-mails seeking comment.

To contact the reporter on this story: Edward Klump in Houston at

To contact the editor responsible for this story: Susan Warren at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.