CJ 2017 Annual Report

2017 ANNUAL REPORT 3 In late 2017, we introduced our new corporate logo. A central element to all aspects of our company brand, it features a bold design that represents our new strength and the company we are today, as well as our path to future success. Strategic Focus Reflects Philosophy Dedicated to helping customers enhance production and profitability throughout the life of their wells, C&J offers a comprehensive suite of quality services, which includes fracturing, wireline and pumping, cementing, coiled tubing, fluids management, rig services and other special well support services. We take a pragmatic and rational approach to managing our business. With a firm commitment to integrity and quality in everything we do, our focus is on driving returns, not just top-line growth. As demand for fracturing and other completion services increased in early 2017, we began reactivating our fracturing fleets. Underlying our measured approach throughout the year has been a commitment to uncompromising quality, safety and integrity, which we believe are cornerstones of generating superior returns. We are concentrating on businesses, geographic areas and customers that align with our core competencies and show promise to provide the most profitable opportunities. During 2016 and into 2017, we made significant progress in divesting our non-core businesses and proactively managing underperforming locations within our core service lines. Our mergers-and-acquisitions strategy involves reinvesting cash in opportunities that can elevate our core service lines and offer the potential to immediately create value that exceeds the cost of the investment. The acquisition of O-Tex Pumping delivers upon this strategy. By integrating the nation’s fourth- largest provider of oilfield cementing services into the C&J family, we expanded our cementing business and enhanced our capabilities to be one of the best oilfield-services companies across all of our businesses. We achieved a lot in the past year, but I am convinced that the best is yet to come. The energy industry is recovering from one of the deepest and longest down cycles in its history. With an improving market, a clear direction, exceptional people and a sound strategy, I can see even greater success on the horizon. Don Gawick Clear Commitment Our success is driven by people who do the right thing and deliver every time for our customers. As a company, we are committed to uncompromising integrity, trustworthy stakeholder relationships and responsible corporate stewardship. Clear Focus Our focus is on businesses that complement our core competencies and represent our most profitable opportunities – new wells in the continental U.S. We believe this supports our commitment to maximize shareholder value. Clear Direction During the past year, our financial and operational performance enabled us to establish a direction that poises us to generate sustainable, repeatable ROI. "We take a pragmatic and rational approach to managing our business. With a firm commitment to integrity and quality in everything we do, our focus is on driving returns, not just top-line growth." President, Chief Executive Officer and Director