I have a question for the BJS girls and boys . I have been in the O&G business with a drilling company for 34 years . How does it feel to go back to BJS . I remember the first time you were BJS you started out weak and became a really fine company . We are an Independent and your team was so good to us . A friend asked me if I remembered the old Blue Junk days . But I will tip my hat to the BJ folks their equipment and fluids became first class . We knew when BHI became your owner things would change for the worse . BHI has never made a deadline in their history . Now my question are you going to be the old BJ with people that had the attitude we will find a way and do it . If so welcome back good friend !!
13 replies (most recent on top)
I started my career in the oilfield with Schlumberger. Bjs was our competitor. I switched just as bhi was taking over. It was interesting. I barely got a taste of the dying bjs but I had heard stories that I really liked. But coming from a lot larger comoany, I knew what was coming. And sure enough everything they knew went downhill. I rode out bhi until the end. Now im dying to get back on again.
Anything in the Pressure Pumping regard the BHI folks touch is SOS .
I too worked for BJS in the good ole days of the early 2000's and have moved on to the operator side. BHI didn't do a bad job in my opinion. When there was a problem on location, the wireline would point to frac and frac to wireline. Then the tickets came out skewed and no one would own up to it. That is what really pissed off a lot of customers including myself.
I hope BJS comes back to life. I really enjoyed the training as well as the experience. Our DM was awesome and treated us very well. I don't know what happened to him but he didn't fire me when I made a terrible error in judgment and got into a fight once (I kicked the line bosses a--. Someone reading this will probably figure out who I am after that statement).
He gave me a second chance and it probably saved my career in the oilfield.
Good luck to them. Make it work so people can go back to work.
I am concerned that this WILL NOT be the BJ Services from the past . The BJ Services company was a proud and a hard working bunch of people . Now I hear those people will NOT be brought back . You are just changing your name to try to pull the wool over our eyes . Baker Hughes pressure pumping is not permitted on our locations and if this is true we don't want the new BJ ! Can someone please explain what is going on !
Sounds like a f-cking disaster coming up
I spent 30 years representing the BJ brand, and always worked with a sense of pride that while I didn't work for the biggest service company, I did work for the best. BJ had genuine concern for its people and understood their value. BHI relegated those same people to numbers. They became a part of an equation whose primary focus was a 25% field margin profit, with the quality of the service being a distant concern. When BHI and I ceased our association, I was the last office manager in that particular district who had ever spent time swinging a hammer. BHI never understood that the revenue is made at the wellhead. If you cant get there, you cant earn money, and its awfully hard to get there if everyone making the decisions is an accountant or HR specialist. Someone needs to understand what the company actually does to generate the revenue, and not simply rely on fuzzy math to make the books look good.
I wish them the best of luck, but I will be surprised if they succeed. Their primary asset, their people, are now gone. Starting over is a difficult thing, especially when you no longer have a loyal, qualified, and productive workforce. I doubt their ranks of HR specialist & accountants are prepared to step up and fill in the holes......
Forgive me for being a dumb North Texas cowboy , but it sounds like BHI sold NA land for 150 MM ??
No you did not understand correctly. BHI only pockets $150 MM for the 53 % of the NA land business. The difference between the $150 MM and $ 375 MM goes into BJS coffers as start up money for BJS.
Completely new management team from a failed company Sanjel . Do you know that Sanjel went bankrupt , the company has quite a history and it is not good . The former president of BHI PP was from SLB and we used to see him on a monthly basis at a meeting in Dallas and he was very arrogant . He wanted to pound his chest because he was from SLB and now BHI . If these are the people you talk about BJS is not getting the point . Read about SLB they are wondering how to make money with their PP group in the U S . The times have made a full circle to the 1990's when the small WELL MANAGED PP companies kicked HAL and SLB's behind . Did I understand correctly BHI PP sold for 375 Million ??
Another PP disaster in the making. New name, but BHI culture of poor management and business is ingrained. Will be going down the drain sooner rather than later.
Completely new management team hitting reset on the business. Great track record (senior positions in SLB and Sanjel) and so far the business plan seems to address all of the issues that plagued the BHI years. Business keenly focused on execution, efficiency, R&M and built around a high-reliability organizational culture. Sure, will be some growing pains, but focus is in right areas.
From a customer standpoint , it wasn't the lavish spending . It was the lack of knowledge . BHI as a pressure pumping company was a flawed company. Late to jobs , equipment break downs . I remember we had a rumor going around one of our drill hands had worked for the old BJ services had to show your people how to run one of your pumpers on one of our Permien jobs . This NEVER happened in the old BJS days . There will have to be a lot of improvement . I don't see any of the old BJS boys at the well sites , are they all gone ??
The new Management team are seasoned and experienced Pressure Pumping people. They have and open door policy, and are open to suggestions that make sense. They seem to be focused on making sure that the customer gets flawless performance at the wellsite. I don't think that there will be any of the lavish spending (that we used to see in the "old days of '90s and 2000's). So far, (the deal has not even been closed yet) I think they are heading in the direction that you suggested. I'm sure they will have growing pains, but they are only doing Cementing and Frac, on Land. Not all the other stuff that BJ used to do (Off shore, International, down hole tools, Plugs....) Only time will tell...