BJ Services obtains approval to sell assets to GACP via credit bid

By Sarah Lizee

Olympia, Wash., Sept. 30 – BJ Services, LLC obtained court approval to sell certain assets to term loan administrative agent GACP Finance Co., LLC for $3.41 million through a credit bid, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

BJ Services is a Tomball, Tex.-based provider of hydraulic fracturing and cementing services to upstream oil and gas companies. The company filed bankruptcy on July 20 under Chapter 11 case number 20-33627.

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