BJ Services reported on Dec. 30 that the transaction to create the new company was completed that day.
BJ Services will be based in Tomball, Texas, with operations strategically located throughout North America.
Effective immediately, Warren Zemlak was appointed as BJ Service’s president and CEO. He has more than 27 years of industry experience.
Previously, Zemlak was a senior executive at Schlumberger and a privately owned services company.
Caleb Barclay was appointed as COO. Barclay has more than 16 years of industry experience, having held progressively senior North American pressure pumping leadership roles.
In the transaction, Baker Hughes Inc. contributed its North American land cementing and hydraulic fracturing businesses, and CSL Capital Management and West Street Energy Partners contributed cash.
West Street Energy Partners is a fund managed by Goldman Sachs’ merchant banking division.
CSL also contributed its Allied and ALTCem pressure pumping services platform.
BJ Services can serve clients in all targeted basins with a combined capacity of 1.9 million hydraulic horsepower and 240 cementers.
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