On Wednesday, C&J Energy Services, a smaller completion services company focused on the Permian and Eagle Ford Shale plays, announced they will merge into Nabors Industries, a completion and production company with operations in many on- and off-shore areas, including a major presence in the Marcellus Shale. The $2.86 billion deal will produce a new company using the C&J name but essentially owned by Nabors that will be in the top 5 fracking services companies in the U.S. They will compete with giants like Halliburton and Baker Hughes…
