BJ Services and Atheon ink contract for next-gen gas fueled frac fleet

BJ Services has entered into a multi-year contract with Aethon Energy for the deployment of the Company’s first TITAN next-generation fracturing fleet in the Haynesville shale. Andrew Gould served as the former Chairman of the Board of Directors and Chief Executive Officer of Schlumberger Limited. The BJ brand is built upon a rich 145-year history.

The new company will leverage operational experience and industry expertise to provide customers with leading hydraulic fracturing. Powered by a direct drive natural gas-fueled turbine, the first TITAN prototype pump has completed more than 500 hours of field testing. Enhanced, efficient AP and invoicing processes empower leading oil & gas services provider with visibility and control over its business spend management.

The first TITAN fleet will deploy in Q4 2020, which will launch the beginning of the Company’s next-generation fleet strategy. BJ Services is proud to announce a new partnership between the company’s Team BJ Foundation and Oilfield Helping Hands (OHH). The launch of the TITAN will allow us to make significant progress on our commitment to reducing carbon emissions.

Mr. Gould started his career at Schlumberger in 1975. It will continue under the newly independent company. Cementing services supported by the current Baker Hughes world-class technology portfolio. The transaction to create the new BJ Services, whereby Baker Hughes Incorporated (NYSE:BHI). Coupa Software is a leader in business spend management (BSM).

Chief Operating Officer Caleb Barclay says “It increasing operational efficiencies, and improving the economics for our clients”.

Company proud to partner with a company that shares our vision surrounding continuous improvement. A nonprofit organization provides financial assistance to oilfield workers in financial crisis through no fault of their own. It know that this next generation equipment will prove to be a step-change to the impact it will have on the environment.

Under the terms of the agreement, Baker Hughes will contribute its North American land cementing. Team BJ Foundation was established after Hurricane Harvey as an employee-funded financial hardship resource for BJ employees in crisis. Aethon’s excellent leadership and operational track record speak to the quality of the work we expect to do together over the next four years.

Located in Tomball, Texas near Houston, BJ Services is the largest pure-play pressure pumping services. OHH will provide administration for Team BJ Foundation, which includes receiving and reviewing applications. The TITAN, fueled 100 percent by natural gas, provides up to 5,000 Horsepower.

Company held various leadership roles throughout the world before appointment as the Chief Executive Officer. This includes personnel, expertise, technology and infrastructure. Upon closing. Coupa collaborated and demonstrated how they could address immediate AP. BJ will be an active corporate member of OHH through participation in fundraising events and sponsorships.

it supporting the reduction of greenhouse gas emissions. It was clear that Coupa had a strong working knowledge of industry. Oilfield service companies have to move quickly and what set Coupa apart was its flexible and comprehensive platform. The goal is to have a positive impact on team members, their families, and the communities in which operate.

Warren Zemlak, BJ Services CEO says “We are excited to establish a partnership with an organization like Oilfield Helping Hands”.

It reduced operating costs, improved mobility, and reliable operations. With a combined capacity of 1.9 million hydraulic horsepower and 240 cementers, BJ is positioned with a strategic footprint. CSL Capital Management will contribute its Allied Energy Services platform. BJ Services expects to realize reduced risk and measurable business value.

The next-generation pump also meets the most stringent noise reduction requirements across North America. BJ Services provides hydraulic fracturing and cementing services to upstream oil and gas. AP teams and contract suppliers will be able to leverage the easy-to-use eInvoicing platform, providing visibility.

Mr. Gould currently serves as an independent director of Saudi Aramco. BJ Services will be led by a leadership team with a passionate commitment. Aethon, a Dallas-based private investment firm and owner-operator of onshore oil & gas assets, is a leader in the industry for improving operating efficiencies.

The proposed transaction will create a pure-play pressure pumping competitor for the benefit of shareholders. Oilfield Helping Hands (OHH), established in Houston in 2003 as a nonprofit charitable organization. BJ Services was looking to automate and gain more visibility into its business spend to ensure better management of procurement and invoicing.

The natural gas-powered TITAN fleet developed by BJ Services will deliver performance aligned with Aethon’s cost. This ownership model enables Baker Hughes to participate in the North American land pressure pumping market. OHH has distributed more than $4.5 million in assistance. It reducing capital intensity and maximizing shareholder value.

Paul Sander, Chief Operating Officer & Partner says “Ultimately, larger pumps with fewer pumping units will reduce our footprint”.

A high percentage of their suppliers are already transacting through Coupa’s free supplier network. OHH has six regional chapters in active oilfield communities across the United States. The result in structural cost savings for pumping services. Company look forward to making their change management process easier while also delivering greater value, faster.

Evelyn Angelle is an accomplished finance and accounting executive with more than 25 years. The combined company will have 1.9 million hydraulic horse power and more than 240 cementers. Partner company excited to partner with BJ Services. Companies around the world can gain the visibility and control they need to manage all their business spend.

BJ Services is very fortunate to have visionaries of Andrew. Company will utilize proven processes and leadership experience. Baker Hughes will provide customary support services to ensure a seamless transition. Cementing services will complement team’s experience. Company pleased with their willingness to provide innovative solutions in this next-generation technology.

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