Houston Matters

A Closer Look at the Proposed GE-Baker Hughes Merger

Never mind Halliburton, Baker Hughes now is merging with General Electric’s oil and gas division. Loren Steffy joins us to discuss how this merger might be different from the one that didn’t happen. He reminds us who made out well and who didn’t in the previous failed merger, and he helps us to understand why […]

Photo: Derek Stokely, Houston Public MediaNever mind Halliburton, Baker Hughes now is merging with General Electric's oil and gas division. Loren Steffy joins us to discuss how this merger might be different from the one that didn't happen.

He reminds us who made out well and who didn't in the previous failed merger, and he helps us to understand why this is important to Houstonians — even those who don't work in the oilfield services industry.

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