BJ Energy Solutions: Difference between revisions
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{{Short description|American energy company}} |
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BJ Energy Solutions provides industry leading hydraulic fracturing solutions to upstream oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. With almost 150 years of rich history, the BJ Brand has been serving our clients across North American oil and natural gas basins. BJ Energy Solutions is committed to providing innovative technologies to supporting sustainability and emission reductions.{{Short description|American energy company}} |
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{{Infobox company |
{{Infobox company |
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| name = BJ Energy Solutions |
| name = BJ Energy Solutions |
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| logo = BJ Services logo.svg |
| logo = BJ Services logo.svg |
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| type = |
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| foundation = 1872 |
| foundation = 1872 |
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| location = |
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| key_people = |
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| key_people = Warren Zemlak - CEO, Caleb Barclay - COO, Ernesto Bautista - CFO |
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| homepage = |
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'''BJ Energy Solutions''' was founded in 1872 as the '''Byron Jackson Company''' in Woodland, California by inventor Byron Jackson and at its peak operated in more than 50 countries worldwide. |
'''BJ Energy Solutions''' was founded in 1872 as the '''Byron Jackson Company''' in Woodland, California by inventor Byron Jackson and at its peak operated in more than 50 countries worldwide. |
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In September 2020, a group of private investors purchased the BJ brand along with a portion of the fracturing assets to create BJ Energy Solutions, LLC. The company operates in North American basins and utilizes Next-Generation Fracturing technology.<ref>{{Cite news |url=https://www.prnewswire.com/news-releases/bj-energy-solutions-achieves-7-000-hour-milestone-with-its-titan-next-generation-fracturing-technology-301279952.html |title=BJ Energy Solutions Achieves 7,000-Hour Milestone With Its TITAN™ Next-Generation Fracturing Technology |website=Pprnewswire.com |date=2021-04-29|access-date=2022-03-07}}</ref><ref>{{Cite news |url=https://www.rigzone.com/news/haynesville_shale_operator_awards_gas_frac_fleet_contract-05-may-2021-165347-article |title=Haynesville Shale Operator Awards Gas Frac Fleet Contract |date=2021-05-05|access-date=2022-06-07}}</ref> |
In September 2020, a group of private investors purchased the BJ brand along with a portion of the fracturing assets to create BJ Energy Solutions, LLC. The company operates in North American basins and utilizes Next-Generation Fracturing technology.<ref>{{Cite news |url=https://www.prnewswire.com/news-releases/bj-energy-solutions-achieves-7-000-hour-milestone-with-its-titan-next-generation-fracturing-technology-301279952.html |title=BJ Energy Solutions Achieves 7,000-Hour Milestone With Its TITAN™ Next-Generation Fracturing Technology |website=Pprnewswire.com |date=2021-04-29|access-date=2022-03-07}}</ref><ref>{{Cite news |url=https://www.rigzone.com/news/haynesville_shale_operator_awards_gas_frac_fleet_contract-05-may-2021-165347-article |title=Haynesville Shale Operator Awards Gas Frac Fleet Contract |date=2021-05-05|access-date=2022-06-07}}</ref> |
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'''TITAN Technology''' |
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Beginning in 2018, BJ embarked on an engineering initiative to develop an Industry-leading next generation fracturing platform. The initial program objectives included: solving for reduced operating expenses, improved emissions and improved reliability. Through in-depth analysis which included an evaluation of power and pump designs along with joint collaboration with Oil & Gas operators, a set of objectives were established. |
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Any next-generation technology must solve for the following: |
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* Improvement of GHG and non-GHG emissions |
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* Equipment powered by Natural Gas, eliminating the use of Diesel fuel |
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* Improved reliability |
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* Reduced equipment footprint |
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* Improved pad-to-pad mobility |
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* Reduced noise, capable of meeting the most stringent noise standards |
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* Reduced maintenance and personnel costs |
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* Competitive capital cost in all market cycles |
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As a result of this technology evaluation, BJ determined that an advanced design of a turbine direct-drive mechanical system would result in the best solution to address the broadest spectrum of industry needs across North American Oil and Gas Basins. |
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The TITAN Fleet is powered by 5,000 Horsepower (HHP) direct-drive natural gas-fired turbines, capable of delivering one of the most efficient ‘power to pump’ combinations available. Fueled by natural gas, the TITAN supports the reduction of greenhouse gas emissions, reduced costs, improved mobility, and reliable operations while meeting the most stringent noise reduction requirements across North America. |
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The TITAN pumping platform enables a wide variety of fuel options including Field Gas, LNG, CNG, and even Diesel when gas options are not available. The fleet contains “Matched Power” technology, providing BJ with ultimate control in customizing the amount of HHP rigged in on location to maximize both the Pumping Capability and Power to reduce waste, while optimizing efficiency and fuel economy. |
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The TITAN HHP is supported by electrified support equipment, with the ability to power utilizing either the 4.2MW TITAN mobile power generator or existing high line infrastructure or micro grids, greatly reducing overall infrastructure cost. |
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Why TITAN? |
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■ Reduces emissions and carbon footprint |
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■ Fuel cost savings and improved economics |
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■ Reduced on-site personnel |
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■ Reduced operating footprint |
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■ Enhanced mobility |
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■ Improved fleet reliability |
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■ Exceeds Colorado light industry noise standards |
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POWER TO PUMP |
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TITAN™ Next-Generation fracturing platform, with leading chemistry offerings featuring the ThinFrac™ family of friction reducers, and advanced digital solutions centered around our machine learning-enabled FACTS™ operating system. |
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Company LinkedIn Profile - https://www.linkedin.com/company/bj-energy/ |
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== See also == |
== See also == |
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== External links == |
== External links == |
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*[https://www.bjenergy.com/ BJ Energy Solutions website] |
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*[http://vintagemachinery.org/mfgindex/detail.aspx?id=2168 Byron Jackson Company – Early History] |
*[http://vintagemachinery.org/mfgindex/detail.aspx?id=2168 Byron Jackson Company – Early History] |
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*[https://www.huntington.org/events/revolutionary-machine-how-pumps-shaped-modern-california A historian at the Huntington on the historic impact of the centrifugal pump and the role of the Byron Jackson Company.] |
*[https://www.huntington.org/events/revolutionary-machine-how-pumps-shaped-modern-california A historian at the Huntington on the historic impact of the centrifugal pump and the role of the Byron Jackson Company.] |
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Revision as of 16:06, 8 February 2023
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| Founded | 1872 |
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BJ Energy Solutions was founded in 1872 as the Byron Jackson Company in Woodland, California by inventor Byron Jackson and at its peak operated in more than 50 countries worldwide.
The link below from fundinguniverse.com tells how BJ was acquired by Hughes Tool and then became independent when Baker Tool bought Hughes and was recently acquired by Baker-Hughes.
BJ Services Company is 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 completion tools, completion fluids, casing and tubular services, production chemical services, and precommissioning, maintenance and turnaround services in the pipeline and process business, including pipeline inspection.
On April 28, 2010, the company was bought by Baker Hughes in a $5.5 billion stock and cash deal. Greenhill & Co. advised on the transaction.[1]
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.[2] BJ Services is positioned with a strategic footprint to serve clients in all targeted North American basins.[3] The new company will include ALLIED Services and ALTCEM. In addition to Baker Hughes, owners include Goldman Sachs and the private equity firm CSL Capital Management.[4]
On 20 July 2020, BJ Service filed Chapter 11 bankruptcy.[5]
In September 2020, a group of private investors purchased the BJ brand along with a portion of the fracturing assets to create BJ Energy Solutions, LLC. The company operates in North American basins and utilizes Next-Generation Fracturing technology.[6][7]
See also
References
- ^ Baker Hughes acquires BJ Services Company[permanent dead link], 2010-04-29
- ^ Baker Hughes to Place Some Operations Into New Land Pressure Company, 2016-12-01
- ^ Legacy Oilfield Pressure Pumping Company BJ Services Re-emerges as Industry Leader
- ^ Baker Hughes teams with private equity to create new BJ Services
- ^ "Frac pioneer BJ Services files Chapter 11 bankruptcy". 2020-07-20. Retrieved 2020-07-21.
- ^ "BJ Energy Solutions Achieves 7,000-Hour Milestone With Its TITAN™ Next-Generation Fracturing Technology". Pprnewswire.com. 2021-04-29. Retrieved 2022-03-07.
- ^ "Haynesville Shale Operator Awards Gas Frac Fleet Contract". 2021-05-05. Retrieved 2022-06-07.
External links
- Byron Jackson Company – Early History
- A historian at the Huntington on the historic impact of the centrifugal pump and the role of the Byron Jackson Company.
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