BJ Services generated record revenue of $5.4 billion in fiscal 2008, up 13% from the prior year, and had 18,000 employees.
[2] In December 2016, it was announced that Baker Hughes would be dividing off its North America Land Pressure Pumping division to form a new independent BJ Services Company.
[3] BJ Services is positioned with a strategic footprint to serve clients in all targeted North American basins.
In addition to Baker Hughes, owners include Goldman Sachs and the private equity firm CSL Capital Management.
[5] BJ Services in 2017 began operating as an independent joint venture after Baker Hughes sold a 53.3 percent stake in the hydraulic fracturing and cementing business to private equity firm CSL Capital Management and Goldman Sachs’ West Street Energy Partners for $325 million.