BJ Energy

Background

BJ Energy Solutions LLC provides cementing, acidizing, and hydraulic fracturing services with assets in the United States and Canada. The company is controlled by CSL Capital and Goldman Sachs via West Street Energy Partners (WSEP). BJ takes its name from founder Byron Jackson.

Byron Jackson was formed in California in 1872 to build water well pumps. In 1929, it purchased Pacific Cementing in California. Texas-based Chemical Process Company including its acidizing operations was acquired in 1956. BJ was purchased by Hughes Tool in 1974, eventually becoming part of Baker Hughes who eventually spun off BJ Services in 1990 and fully divested in 1991. In 1995, BJ purchased the Western Company of North America who providing hydraulic fracturing services. Canadian coiled tubing company Nowsco (Nitrogen Oil Well Service Company) was acquired in 1996.

Baker Hughes reacquired BJ in 2010. In 2016, Baker Hughes contributed onshore operations in the United States and Canada to a new company which combined these operations with Allied Energy Services in exchange for 46.7% ownership and $150 million from CSL Capital and Goldman Sachs who shared a 53.3% majority interest and injected $175 million into the new BJ. The company filed for Chapter 11 bankruptcy protection in July 2020.

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Well Servicing

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Chairman Not Available 62.2%