C&J Energy Services, Inc. (NYSE MKT: CJ) announced today that it has priced a public offering of 7,000,000 shares of its common stock at a price to the public of $32.50 per share. The Company will sell 6,000,000 shares of common stock and a selling stockholder will sell 1,000,000 shares of the Company's common stock (collectively, the "Offering"). Total gross proceeds to the Company (before discounts and commissions and estimated offering expenses) will be approximately $195 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock from the Company as part of the Offering.

The Company expects to use the net proceeds to the Company from the Offering for general corporate purposes, including to fund 2017 capital expenditure and growth initiatives. The Company will not receive any proceeds from the sale of its common stock by the selling stockholder.

Citigroup, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Evercore Group L.L.C. and Wells Fargo Securities, LLC are acting as book-running managers for the Offering. Blackstone Advisory Partners L.P., Jefferies LLC, PNC Capital Markets LLC and Seaport Global Securities LLC are acting as co-managers for the Offering.

About C&J Energy Services

C&J Energy Services is a leading provider of well completion, well support, well construction and other complementary oilfield services to oil and gas exploration and production companies. We offer a comprehensive, vertically-integrated suite of services throughout the life cycle of the well, including hydraulic fracturing, cased-hole wireline and pumpdown, cementing, directional drilling, coiled tubing, rig services, fluids management and other support services. We are headquartered in Houston, Texas and operate in all of the active onshore basins of the continental United States and Western Canada.