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India

Keane Group Inc (FRAC.N)

FRAC.N on New York Stock Exchange

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Mon, Jun 17 2019

Keane, C&J merge in quest for pricing power as oil producers cut budgets

Oilfield services provider Keane Group Inc will merge with rival C&J Energy Services in a $746 million deal, giving the companies the much-needed pricing heft in an industry grappling with budget cuts by crude producers.

UPDATE 3-Keane, C&J merge in quest for pricing power as oil producers cut budgets

June 17 Oilfield services provider Keane Group Inc will merge with rival C&J Energy Services in a $746 million deal, giving the companies the much-needed pricing heft in an industry grappling with budget cuts by crude producers.

Oilfield services firms Keane Group, C&J Energy to merge in deal valued at $1.8 bln

June 17 Oilfield services company Keane Group Inc said on Monday it will buy rival C&J Energy Services in a deal valued at about $1.8 billion, including debt, as it looks to scale up amid spending cuts by crude producers.

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