Berry Corporation (NasdaqGS:BRY) acquired C&J Well Services, Inc. from Basic Energy Services, Inc. (OTCPK:BASX.Q) for $43 million on October 1, 2021.Jack Renshaw will continue to lead this business as President of C&J Well Services, Inc.

Berry Corporation (NasdaqGS:BRY) completed the acquisition of C&J Well Services, Inc. from Basic Energy Services, Inc. (OTCPK:BASX.Q) for approximately $43 million on October 1, 2021. The acquisition was funded with cash on hand of $51 million in 2021 and $2 million in 2022. As of December 31, 2021, Berry Corporation had 1,224 employees, all of whom are located in the United States. Of those, 889 employees joined our organization in the fourth quarter of 2021 with the acquisition of C&J Well Services.