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BJ Services Company was a leading worldwide provider of pressure pumping and oilfield services for the petroleum industry. Pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore. Oilfield services include ...
In 1990, the company sold a 71% stake in BJ Services via an initial public offering. On April 28, 2010, Baker Hughes re-acquired BJ Services. [51] In 2017, after the division suffered market share losses, the company sold a majority interest in BJ Services to private equity firms to obtain approval for the merger with GE Oil and Gas. [52]
The Western Company moved from Fort Worth to Houston in 1990. The company featured an innovative oil museum open to the public on the first floor of their office building in Fort Worth, which was moved to Beaumont, Texas. The Western Company of North America was sold to BJ Services in 1995. The founder of the company, Eddie Chiles, died in 1993.
Baker Hughes Inc. (BHI), the world's third-largest oilfield services company, today agreed to snap up smaller rival BJ Services Co. (BJS) for $5.5 billion in cash and stock in an old-school merger.
HESP: A subsidiary established in 1999 in partnership with Halliburton Energy Service. Its main mission is to conduct logging operations in vertical and horizontal wells. BJSP: A joint venture founded in 1986 in collaboration with BJ Services, an international company based in the United States.
Aug. 2—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for May 2024 came from 160,233 oil wells and 83,415 gas wells, a press ...
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
NOV Tower in the Westchase district of Houston. NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.