Current CJ Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Oilfield service consolidation rolls on
C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of equals.

Upon close, the merger will create a well completion and production services company with a presence in most active U.S. basins. The deal was unanimously approved by both company’s boards of directors, in addition to the special committee of the Keane board.

High-ranking personnel at the new company include:

Chairman of the Board - Patrick Murray (former C&J chairman of the board)
President/CEO - Robert Drummond (former Keane CEO)

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