M&A Deal Summary

C&J Energy Services Acquires Nabors - Hydraulic Fracturing Business

On June 25, 2014, C&J Energy Services acquired energy services and equipment company Nabors - Hydraulic Fracturing Business from Nabors for 2.9B USD

Acquisition Highlights
  • This is C&J Energy Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is C&J Energy Services’ largest (disclosed) transaction.
  • This is C&J Energy Services’ 3rd transaction in the United States.

M&A Deal Summary

Date 2014-06-25
Target Nabors - Hydraulic Fracturing Business
Sector Energy Services and Equipment
Buyer(s) C&J Energy Services
Sellers(s) Nabors
Deal Type Divestiture
Deal Value 2.9B USD

Target

Nabors - Hydraulic Fracturing Business

United States
Nabors - Hydraulic Fracturing Business a diversified completion and production services provider.

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Buyer(S) 1

Buyer

C&J Energy Services

Houston, Texas, United States

Category Company
Founded 1997
Sector Energy Services and Equipment
Employees6,339
Revenue 2.2B USD (2018)
DESCRIPTION
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.

C&J Energy Services Inc. is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pressure pumping and other complementary oilfield services with a focus on complex, technically demanding well completions. C&J Energy Services was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Energy Services and Equipment) 3 of 4
Type (Divestiture) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Casedhole Solutions

Houston, Texas, United States

Casedhole Solutions offers a comprehensive suite of wireline services to its customers, including well perforation, completion and pipe recovery services.

Buy $273M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Total Equipment And Service

Granbury, Texas, United States

Total E&S, Inc. (dba Total Equipment And Service) is a manufacturer and designer of proprietary equipment used by oil and national gas well servicing companies, including coiled tubing and pressure pumping trucks.

Sell -

Seller(S) 1

SELLER

Nabors

Hamilton, Bermuda

Category Company
Founded 1952
Sector Oil/Gas Exploration
Employees12,000
Revenue 3.0B USD (2023)
DESCRIPTION

Nabors owns and operates a land-based drilling rig fleet and has a completion services and workover and well servicing rig fleets in North America. Nabors was founded in 1952 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 3 of 3
Country (United States) 3 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Peak Oilfield Service Company

Anchorage, Alaska, United States

Peak is a energy support services company serving the Alaska crude oil and natural gas market. Peak's primary service lines include an array of drilling support services such as rig moving, fluid hauling, crane support, all-terrain vehicle transportation and wellsite construction; ice road construction services, which provide E&P operators and service companies with access to established and prospective drilling sites during the winter season; operations & maintenance services, which provide personnel and equipment to support facility, plant and refinery operations; remote power generation solutions; tank cleaning services; and civil engineering services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 2TD Drilling AS

Algard, Norway

2TD Drilling AS is a supplier of advanced drilling tools for the large and expanding directional drilling market, enabling customers to drill higher quality wells at lower cost.

Buy -