PPHB

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C&J Energy Services has sold the assets and business related to Blue Ribbon Technology to PfP Industries


CJ_BRT.PNG

C&J Energy Services Ltd. (NYSE: CJES) (“C&J”)

C&J Energy Services is a leading provider of well construction, well completions, well support and other complementary oilfield services to oil and gas exploration and production companies. C&J offers a comprehensive, vertically integrated suite of services involved in the entire life cycle of the well, including directional drilling, cementing, hydraulic fracturing, cased-hole wireline, coiled tubing, rig services, fluids management services and other special well site services. C&J operates in most of the major oil and natural gas producing regions of the United States and Western Canada.

Blue Ribbon Technology, Inc. (“BRT”)

Blue Ribbon Technology offers a suite of specialty chemicals used primarily in well completion and coiled tubing applications. BRT also provides custom formulation and testing. BRT has 39 employees and three locations including a blending facility in Brookshire, Texas, a laboratory in Houston, Texas, and a field location in Midland, Texas.

PfP Industries, LLC (“PfP”)

PfP Industries is a leading provider of chemical solutions and distribution services for well completion, production, and other oil & gas industry applications. PfP maintains five facilities located across major U.S. shale plays and operates an India-based guar plant providing self-sourcing capabilities. PfP Industries was established in 2001 and is headquartered in Houston, Texas.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.