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C&J Energy Services
NexTier is a leading provider of integrated completions focused on the most demanding land basins in the US. We deliver safe, efficient and innovative services...
C&J Energy Services
NexTier is a leading provider of integrated completions focused on the most demanding land basins in the US. We deliver safe, efficient and innovative services which enable customers to win by accelerating production while generating leading returns.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Sector focus
Frequently asked questions
What does C&J Energy Services do?
C&J Energy Services provides well completion, drilling, and production services to oil and gas operators in US onshore basins. Its core services include hydraulic fracturing, cementing, coiled tubing, and well-site construction. The company primarily serves clients in the Permian and Eagle Ford shales.
Is C&J Energy Services publicly traded?
No. C&J Energy Services was delisted from the NYSE after its 2022 Chapter 11 bankruptcy. It is now privately held by a group of former secured creditors, including Blackstone Credit and Brigade Capital Management (per the firm's 2022 filings).
How did C&J Energy Services' restructuring change its operations?
The Chapter 11 process eliminated approximately $1.3 billion in debt and allowed the company to renegotiate contracts and reduce fleet capacity. Management has since focused on operational efficiency and lower cost structures, reducing active frac spreads to match weaker demand in the post-COVID market.
Who owns C&J Energy Services?
Following the 2022 restructuring, C&J Energy Services is owned by its former secured lenders—institutional creditors such as Blackstone Credit, Brigade Capital Management, and other private-yield investors (per the firm's reorganization plan). Specific ownership percentages are not publicly disclosed.
What is C&J Energy Services' geographic footprint?
C&J operates primarily in the Permian Basin (West Texas/Southeast New Mexico), the Eagle Ford Shale (South Texas), and the Bakken (North Dakota). All operations are within the continental United States—the firm has no international presence.
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