Is C&J Energy Just Another Fracking Commodity?
By Tim Ayles: In a recent article by Nawar Alsaadi, an author I respect for his in-depth work on GasFrac (GSFVF.PK), I disagreed with his conclusion about C&J Energy Services (CJES) when he stated "standard water fracking operations by the likes of ....... C&J Energy Services will become increasingly commoditized."His description of CJES was in relation to an article put out by Reuters that reported the future of fracking in the eyes of Schlumberger (SLB) Chief Executive Paal Kibsgaard. Kibsgaard made general industry comments such as these:
We see hydraulic fracturing ... moving away from the current approach of trying to achieve more production with more resources, towards achieving more production with less resources. This will be essential to lower well costs and to reduce the operational footprint.
In North America, hydraulic fracturing and profitability have soared, purely as a function of the under supply of horsepower, but they are now quicklyComplete Story »
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