One-Page Deal Sheet
Pressure Pumper C&J Energy and Keane to Merge
Not Disclosed Not Disclosed
Announced Date
June 17,2019
Transaction Type
Corporate
Source Documents:
Location
Country
United States
Transaction Details:
Keane Group and CJ Energy Services have agreed to merge in a deal worth $2 billion.
C&J shareholders will receive 1.6149 shares of Keane common stock for each share of C&J common stock owned.
Cash dividend of $1.00 per share to C&J shareholders
Pro-forma ownership 50% Keane / 50% CJ sharesholders.
12 member board, 6 from Keane and 6 from C&J
- Patrick Murray (C&J) to serve as Chairman of the board
- Robert Drummond (Keane) to serve as President & CEO
- Jan Kees Van Gaalen (C&J) to serve as EVP, CFO
- Greg Powell (Keane) to serve as EVP and CIO
The deal is expected close by 4Q19.
This deal would create the third largest frac company by Horizontal Horse Powder (HHP), according to Shale Experts Frac & Completion Database
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
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| Feb-26-2026 |
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| Feb-18-2026 |
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| Feb-17-2026 |
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| Feb-02-2026 |
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