C&J Energy (CJES) Takes Delivery of New Hydrofraking Fleet for Eagle Ford, Permian Basin Work
Tweet
Share
E-mailGet Alerts CJES Hot Sheet
Join SI Premium – FREE
C&J Energy Services, Inc. (NYSE: CJES) has taken delivery of a new 32,000 horsepower hydraulic fracturing fleet, which is expected to be deployed in mid-April for spot market work in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.
By initially deploying this new fleet to operate on a spot market basis, C&J has the opportunity to demonstrate the efficiency of its operations to additional customers, and develop new long-term relationships. C&J believes that the Permian Basin is currently one of the most active areas in the U.S. and that the growing use of horizontal drilling to develop the region's new deeper oil zones will further broaden its exposure to new customers.
By initially deploying this new fleet to operate on a spot market basis, C&J has the opportunity to demonstrate the efficiency of its operations to additional customers, and develop new long-term relationships. C&J believes that the Permian Basin is currently one of the most active areas in the U.S. and that the growing use of horizontal drilling to develop the region's new deeper oil zones will further broaden its exposure to new customers.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- CoVolt Power files for proposed IPO
- Sigma Lithium resumes full operations after signing TAC agreement
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
