Bj services files for bankruptcy

Discussion in 'Oilfield Trucking Forum' started by Octrucker, Aug 3, 2020.

  1. Octrucker

    Octrucker Light Load Member

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    Just got a letter saying BJ services filed for chapter 11 bankruptcy here in Oklahoma
     
    650cat425 Thanks this.
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  3. uncleal13

    uncleal13 Road Train Member

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    Wow, that's a big outfit.
     
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  4. SmallPackage

    SmallPackage Road Train Member

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    Sanjel Energy Services permanantly closed their Cibolo Tx terminal.
     
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  5. supersnackbar

    supersnackbar Road Train Member

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    Dang...even the lot lizards are having a tough time in this Covid economy...you can't even get a BJ service in areas...:laughing-guffaw:
     
    haz-matguru, Manny328, Opus and 11 others Thank this.
  6. not4hire

    not4hire Road Train Member

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    Once upon a time I was a technical sales rep for Sanjel. I also did some joint projects with them at another company I started. I knew of the company from when I was at DS and learned the history of the company first-hand from the founder from when he was pretty much a one-man band. It was a real shame to see greed and hubris destroy what was once a pretty good company.
     
  7. inandoutoftrouble

    inandoutoftrouble Road Train Member

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    Now this is really funny.

    God bless every American and their families! God bless the U.S.A.!
     
  8. inandoutoftrouble

    inandoutoftrouble Road Train Member

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    That is a LOT of jobs that are being eliminated, a LOT of families who depended upon their family members paychecks to sustain themselves.
    I TRULY & GENUINELY wish them all the absolute best of luck.

    God bless every American and their families! God bless the U.S.A.!
     
    TB John Thanks this.
  9. AModelCat

    AModelCat Road Train Member

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    As optimistic as I am that oil will bounce back, I think 2009-2014 was the last "big" boom we're going to see. Oil is definitely not going anywhere in my lifetime but the days of long hours and high 4 figure take home paycheques is probably gone. Just going to be an average job from now on I think.
     
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  10. inandoutoftrouble

    inandoutoftrouble Road Train Member

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    I agree with you on this. Also, I agree that oil will be more of an cyclical industry vs. a continual steady paced industry.

    God bless every American and their families! God bless the U.S.A.!
     
  11. AModelCat

    AModelCat Road Train Member

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    Oil has always been cyclical. Boom and bust. I think it'll stay that way but with less extreme highs and lows.


    I often wonder if we'll see the rise of smaller companies/one and two truck operations vs huge corporations. I mean all the big players are hurting. Mullen Group let a bunch of employees go a few months back, Entrec Corp is hurting/filled for protection. Now BJ Services and Sanjel. These are just the ones I've heard about. There's dozens of smaller, 10-20 truck outfits that went under just in Alberta alone the last couple years.
     
    Last edited: Aug 3, 2020
    not4hire, Brettj3876 and 650cat425 Thank this.
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