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OFS - NexTier expects strong 4Q19 in efficiencies & calm weather - January 2020

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NexTier Oilfield Solutions said its 4Q19 revenue might exceed the high end of previous guidance. The company, formed by the merger of Keane Group and C&J Energy Services, also upsized and accelerated the synergies it expects to realize from the merger. The third-largest supplier of fracking services said in a Jan. 7 investor presentation that it now expects 4Q19 revenue of $640- 660 million, compared with November guidance of $600-650 million. NexTier attributed the......
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