Prepared By R.R. Donnelley Financial -- Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 03/02/2006

BJ Services Company

(Exact name of registrant as specified in its charter)

Commission File Number: 1-10570

DE		63-0084140
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

5500 Northwest Central Drive, Houston, TX 77092

(Address of principal executive offices, including zip code)

713-895-5624

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Information to be included in the report

Item 8.01. Other Events

On March 1, 2006, BJ Services Company issued a news release announcing that its Board of Directors authorized an expansion of its share repurchase program. The Board action increased the repurchase authority by $450 million. A copy of the news release is attached as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.

Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		BJ Services Company


Date: March 01, 2006	By:	/s/ Margaret B. Shannon
		Margaret B. Shannon
		Vice President - General Counsel and Secretary

Exhibit Index

Exhibit No.		Description
EX-99.1		Press Release

EX-99.1 2 rrd109877_12142.htm PRESS RELEASE News Release

News Release

BJ Services Company

5500 Northwest Central Dr.

Houston, Texas 77092

713/462-4239

Contact: Jeff Smith

BJ SERVICES ANNOUNCES EXPANSION OF

SHARE REPURCHASE PROGRAM

Houston, Texas. March 1, 2006. BJ Services Company (BJS-NYSE, CBOE, PCX) announced today that its Board of Directors has authorized an expansion of its share repurchase program.

Today's Board action increased the repurchase authority by $450 million, supplementing approximately $83 million available to spend from prior authorizations.

Commenting on the authorization, CEO J. W. Stewart said, "During the current quarter, the Company has invested approximately $51 million repurchasing outstanding shares and since the initial authorization in December 1997, the Company has invested approximately $667 million repurchasing outstanding shares. The expansion of the repurchase program allows the Company to continue utilizing its free cash flow to enhance long term shareholder value while maintaining considerable financial flexibility to pursue growth opportunities. Today's action gives the Company total authorization of $533 million for future purchases."

BJ Services Company is a leading provider of pressure pumping and other oilfield services to the petroleum industry.

(NOT INTENDED FOR DISTRIBUTION TO BENEFICIAL OWNERS)

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