Feb. 6, 2012 /PRNewswire/ -- C&J Energy Services, Inc. (NYSE: CJES) ("C&J"), a leading provider of premium hydraulic fracturing, coiled tubing and pressure pumping services to the oil and gas industry, today announced that its management will be participating in the Credit Suisse Energy Summit to be held in
Vail, Colorado. Management will be holding one-on-one meetings with institutional investors on
February 9 and 10, 2012.
C&J also reported that all six of its contracted hydraulic fracturing fleets are being fully utilized, including the first phase of its newly built Fleet 6. The first 16,000 horsepower of Fleet 6 has been continuously utilized for vertical completions since its December delivery and deployment in the Permian Basin, with the remaining 22,000 horsepower being deployed in the Permian Basin for horizontal completions within the next two weeks. With the re-deployment of a fleet from the Haynesville Shale to the Eagle Ford Shale basin under contractual provisions, 100% of its hydraulic fracturing equipment is currently operating in oil and liquids rich basins. C&J continues to anticipate that Fleets 7 and 8 will be delivered on schedule, with Fleet 7 expected by the beginning of the second quarter and Fleet 8 during the third quarter. C&J believes that its growing reputation for providing superior operating performance in the most complex plays will continue to serve as a competitive advantage in such plays.
About C&J Energy Services, Inc. We are an independent provider of premium hydraulic fracturing, coiled tubing and pressure pumping services with a focus on complex, technically demanding well completions. In addition, through our subsidiary Total E&S, Inc., we manufacture and repair equipment to fulfill our internal needs as well as for companies in the energy services industry. We operate in what we believe to be some of the most geologically challenging basins in South Texas, East Texas/ North Louisiana, Western Oklahoma/ Texas Panhandle and West Texas/ East New Mexico. We are in the process of acquiring additional hydraulic fracturing fleets and evaluating opportunities with existing and new customers to expand our operations into new areas throughout the United States with similarly demanding completion and stimulation requirements. For more information, visit www.cjenergy.com.
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