C&J Energy Services, Inc. Overview
Company Headquarters: Texas, US
Founded: 1997
Workforce: ~6,300
Company Working: C&J Energy Services, Inc. is one of the largest completion and production services companies that offers onshore oilfield services in North America. It is a leading provider of onshore well construction and intervention, well completion, well support, and other complementary oilfield services and technologies. The company provides oilfield services in all major oil- and gas-producing basins throughout the US. Additionally, it specializes in providing hydraulic fracturing, pumps, coiled tubing, cased-hole wireline, directional drilling, well completions, cementing, well services, rig services, and fluid management. The company operates through two business segments, which are completion services and well support services. Under its completion services, it offers various services including fracturing, cased-hole wireline & pumping services, and well construction & intervention services. Through its well construction & intervention services, the company provides cementing, coiled tubing and directional drilling services, and completion support services, which includes R&D department and data control instruments business. Through its well support services segment, the company offers rig services, fluids management services, special services, which includes plug and abandonment, artificial lift applications and other specialty well site services. Its other service segment consists of smaller, non-core business lines that have been divested, including its specialty chemical business, equipment manufacturing and repair business, and international coiled tubing operations in the Middle East.
Strategy
C&J Energy Services, Inc. focuses on mergers and acquisitions as its key strategy to increase its presence in the market. It constantly concentrates on product development to achieve customers satisfaction and increase the demand for its coiled tubing solutions. The company is working on differentiating itself from its competitors by delivering the highest quality customer service and equipment and by providing safe and superior execution and operating efficiency. C&J Energy Services, Inc. heavily invests in research and development for innovating its products and services to excel in the competitive market environment. It strategizes to maintain high asset utilization levels to maximize revenue generation, while also controlling costs to gain a competitive advantage and drive returns
