Your Portal for Key Energy Information and Research

BJ Services

Company Summary

Description

BJ Services is pure-play North American land pressure pumping company formed by Baker Hughes, CSL Capital and West Street Energy Partners. Baker Hughes will be contributing its North American land cementing and hydraulic fracturing businesses, CSL Capital Management will contribute its Allied Energy Services Platform and CSL Capital & West Street will contribute $325 million in cash to the new entity. $175 million of the cash payment will go towards the newly formed BJ Services while the remaining $150 million will go towards Baker Hughes.

Operational Regions

  • North America

Related Entities

Recent news

  • 5/5/2021 - Comstock Partnering with... (subscriber access)
  • 9/4/2020 - Argonaut Private Equity... (subscriber access)
  • 7/20/2020 - Frac & Cementing Firm BJ... (subscriber access)
  • 6/5/2020 - BJ Services Implementing... (subscriber access)
  • 2/5/2020 - BJ Services Testing Gas... (subscriber access)

Company Transactions

Date: 9/4/2020
Type: Acquisition

BUYERS:
  • Argonaut Private Equity
  • American Cementing
    • SELLERS:
  • BJ Services
    • DETAILS:
    NOTES:
    Argonaut Private Equity is acquiring the oilfield cementing solutions business from BJ Services following their bankruptcy filing. The business includes 260 employees, bulk plants and technical labs spread across all major U.S. shale basins.
    REGIONS:
  • North America