- September 19, 2002
Houston, Texas (September 19, 2002) – Baker Energy, a unit of Michael Baker Corporation (AMEX: BKR), and Production Access, Inc., announced today that they are forming an alliance to bring together OPCOSM, Baker Energy´s operations consolidation network of managed production services, and Production Access´ Operations Center information management products and services. The primary objective of the alliance is to help clients increase profitability and cash flow from operations of oil and gas producing assets.
While exploration builds an oil company´s balance sheet, production operations generates the cash flow necessary to fuel exploration and production optimization activities. Through the alliance, Baker Energy and Production Access will become the industry´s most efficient operating team for oil companies looking to maximize their returns on assets.
OPCOSM brings together production operations among a network of participants, with Baker Energy responsible for personnel recruitment and training, operations, maintenance, safety and environmental compliance, and supply chain management. Operations Center will act as the information management system for drilling, wellwork, production operations and asset performance information.
“The OPCOSM model for managed production operations services has proven to be appropriate and successful. Our clients are realizing increased efficiencies, profitability and cash flow by contracting with Baker Energy to manage their operations. The alliance with Production Access will significantly enhance our clients´ ability to closely track activities and performance indicators, thereby maintaining, or in many cases improving, control of their assets,” said Donald P. Fusilli, Jr., President of Baker Energy.
“This alliance is one that truly makes sense. With Operations Center as the central nervous system for production operations, the clients will be kept continuously informed of all critical information. Baker will be equipped to further enhance the performance of clients´ producing assets, ultimately resulting in improved profitability,” said Thomas R. Bandy, President & CEO of Production Access, Inc.
About Production Access, Inc. (PA) -- PA is a leader in software and information management products that make oil and gas companies more efficient by bringing together operational information from multiple disciplines. PA´s enterprise solution enables better management of operational data and better decisions throughout the company. Using PA´s products, oil and gas operators can gather, organize, and deliver operational information about AFE, drilling, wellwork, production, and asset performance. PA is headquartered in Houston, Texas. For more information about PA´s products, visit www.productionaccess.com, e-mail
or call 281-759-2002.
About Baker Energy -- Baker Energy is a unit of Michael Baker Corporation, which provides engineering and energy expertise for public and private sector clients worldwide. The firm's primary services include engineering design for the transportation and civil infrastructure markets, operation and maintenance of oil and gas production facilities, architecture, environmental services, and construction management for building and transportation projects. Baker has more than 4,200 employees in over 30 offices across the United States and internationally. For more information about Baker Energy, visit www.mbakercorp.com, e-mail
or call 281-579-7850.
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Contact: David G. Higie