Financial Astrology of BJ Services Company

FINANCIAL ASTROLOGY

First Trade Date for BJ Services Company

Company Name	First Trade Date (yyyy-mm-dd)
BJ Services Company	1990-07-20

Company Name	Symbol
BJ Services Company	BJS
History and Business of Company (this information may include date of incorporation)
BJ Services Company (the "Company"), whose operations trace back to the Byron Jackson Company (which was founded in 1872), was organized in 1990 under the corporate laws of the state of Delaware. The Company is a leading provider of pressure pumping and other oilfield services serving the petroleum industry worldwide. The Company's 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. Other oilfield services include completion tools, completion fluids and tubular services provided to the oil and natural gas exploration and production industry, commissioning and inspection services provided to refineries, pipelines and offshore platforms, and specialty chemical services. In April 1995, the Company completed the acquisition of The Western Company of North America ("Western" and the "Western Acquisition"), which provided the Company with a greater critical mass with which to better compete in domestic and international markets and the realization of significant consolidation benefits. The Western Acquisition increased the Company's then existing total revenue base by approximately 75% and more than doubled the Company's domestic revenue base at that time. In addition, in excess of $40 million in annual overhead and redundant operating costs were eliminated by combining the two companies. In June 1996, the Company completed the acquisition of Nowsco Well Service Ltd. ("Nowsco" and the "Nowsco Acquisition"). Nowsco's operations were conducted primarily in Canada, the United States, Europe, Southeast Asia and Argentina and included pressure pumping and commissioning and inspection services. The Nowsco Acquisition added approximately 40% to the Company's then existing revenue base. On May 31, 2002, the Company completed the acquisition of OSCA, Inc. ("OSCA"), a completion services (pressure pumping), completion tools and completion fluids company based in Lafayette, Louisiana, with operations primarily in the U.S. Gulf of Mexico, Brazil and Venezuela. During the year ended September 30, 2002, the Company generated approximately 86% of its revenue from pressure pumping services and 14% from other oilfield services. Over the same period, the Company generated approximately 52% of its revenue from U.S. operations and 48% from international operations. For geographic and segment revenue details for each of the three years ended September 30, 2002, see Note 8 of the Notes to Consolidated Financial Statements.

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