C&J Energy plans new round of layoffs

C&J Energy Services Inc. (NYSE: CJES) plans to eliminate as many as 87 jobs at its completions facility near Corpus Christi, Texas, according to Houston Business Journal, citing documents filed with the Texas Workforce Commission. The layoffs are expected to begin around May 6.

Last month, Houston Business Journal reported that C&J Well Services planned to eliminate up to 78 jobs in Texas.

C&J Energy has just appointed CFO Randy McMullen as the company’s new CEO, succeeding company founder Josh Comstock, who died unexpectedly on Friday. McMullen will also continue in his role as CFO.

C&J Energy Services provides well construction, well completions, and well services to the oil and gas industry. The company offers a suite of services for the entire life cycle of the well, including cementing, directional drilling, fracturing, coiled tubing, wireline, rig services, fluids management and numerous complementary services.  

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