Legacy pressure pumping company BJ Services re-emerges
HOUSTON -- BJ Services has re-emerged as North America’s largest pure-play oilfield pressure pumping company. Founded in 1872 by Byron Jackson, the BJ brand is built upon a rich 145-year history, which will continue under the newly independent company.
The transaction to create the new BJ Services, whereby Baker Hughes Incorporated contributed its North American land cementing and hydraulic fracturing businesses and CSL Capital Management (CSL) and West Street Energy Partners (WSEP) – a fund managed by the Merchant Banking Division of Goldman Sachs – contributed cash along with CSL contributing its Allied and ALTCem pressure pumping services platform, was announced on Nov. 29 and completed on Dec. 30.
With a combined capacity of 1.9 million hydraulic horsepower and 240 cementers, BJ is positioned with a strategic footprint to serve clients in all targeted basins.
Effective immediately, Warren Zemlak has been appointed as BJ’s President and CEO. Mr. Zemlak brings more than 27 years of industry experience to his new role having served as a former long-time senior executive with Schlumberger and a privately owned services company. Rounding out the initial executive team will be Caleb Barclay, appointed COO. Mr. Barclay brings more than 16 years of industry experience, having held progressively senior North American pressure pumping leadership roles.
“We are proud to build upon the BJ legacy. I believe our focus on execution, broad expertise and strong capital discipline combined with the second largest cementing and fracturing fleets in North America will result in the new BJ Services being a fierce competitor," said Warren Zemlak, President and CEO of BJ Services. "We will utilize proven processes and leadership experience to activate assets and develop personnel to exceed our clients' expectations of cementing and fracturing service delivery."
BJ Services will be headquartered in Tomball, Texas, with operations strategically located throughout North America.
