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C&J Energy Services Management Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: CJES

In summary, the cautionary note states that information provided in the news release and on this conference call that speaks to the company's expectations or predictions of the future, including projections, assumptions and guidance, are considered forward-looking statements, intended to be covered by the Safe Harbor provision under the federal securities law. Although these forward-looking statements reflect management's current views and assumptions regarding future events, future business conditions and outlook based on current available information, these forward-looking statements are subject to certain risks and uncertainties, some of which are beyond the company's control that could impact the company's operations and financial results and cause C&J's actual results to differ materially from those expressed in or implied by these statements.

I refer you to C&J's disclosure regarding risk factors and forward-looking statements in its SEC filings, including in the previously mentioned quarterly report for a discussion of the known material factors that could cause the actual results to differ materially from those in the forward-looking statements. Please note that the company undertakes no obligation to publicly update or revise any forward-looking statements and as such, these statements speak only as of today, the day that they were made. Also as a reminder, today's call is being webcast live and a replay will be available at the C&J's website. Please note that information related on this call speaks only as of today, August 9, 2012, so any time sensitive information may no longer be accurate at the time of any replay.

With that, I'd like to turn the call over to Josh Comstock, C&J's CEO and Chairman.

Joshua E. Comstock

Thank you, Lisa. Good morning, everyone. We appreciate you joining us for our earnings call today. With me is Randy McMullen, our Chief Financial Officer, who will review our financial results momentarily; Don Gawick, President of our newly acquired business, Casedhole Solutions, is also here with us and he will be available during the Q&A session at the end of the call. And on that note, let me begin by saying that we are excited about the addition of Casedhole, a leading multiregional provider of wireline and other complementary completion services. On June 7, we closed the acquisition of Casedhole for a total consideration of $271.9 million in cash, net of cash acquired of approximately $7.3 million.

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