GO FAS Racing and C&J Energy Services Honors
NASCAR Driver and Longtime Partner Terry Labonte
HOUSTON, TEXAS, March 1, 2014 – Go FAS Racing and C&J Energy Services, Inc. (NYSE: CJES) today congratulated NASCAR driver Terry Labonte on his strong finish in the Daytona 500 on February 23, his
32nd Daytona 500. Driving the No. 32 C&J Energy Services Ford, Labonte finished 20th in his final race at the Daytona International Speedway in Daytona Beach, Florida.
“C&J has enjoyed our long partnership and many thrilling races with Terry Labonte,” said Josh Comstock, Founder, Chairman and Chief Executive Officer of C&J Energy Services. “In his final Daytona 500 race, Terry
out-drove and finished ahead of some of the best-known drivers in the sport. It was another tremendous performance, one of many we have witnessed over the years. After 32 Daytona 500s and two NASCAR Sprint Cup Series championships, Terry is truly a legend. We thank him for giving C&J employees, our customers and race fans a great ride and many fantastic memories. We are excited that Terry was added to the ballot for the NASCAR Hall of Fame in his first year of eligibility. Everyone at C&J is pulling for Terry to get the necessary votes when voting takes place in May 2014.”
To qualify for the 2014 Daytona 500, Labonte competed with 49 other drivers in time trials on February 16th to determine their starting position in the Budweiser Duels. Labonte made his lap with a time of 46.842 meaning he would need to race-in via the Budweiser Duels to ensure a starting position for the Go FAS Racing team. The Duels make the Daytona 500 qualifying process the most unique of the 38 race season. Following the time trial portion of qualifying, two additional races were held on Thursday, February 20. Labonte was in the second of the Budweiser Duels and needed to finish 15th or better in order to secure a starting position in the 500. Labonte ran in the top 15 during most of the 60 lap sprint but lost time after a slow pit stop under green flag conditions. Just before the Duel ended, Terry was in 19th position, but a multi-car crash took out several competitors allowing Labonte to complete the race in 12th place. After combining results from both Duels, NASCAR set the field and Terry and the C&J Energy Services Ford would officially start 24th in the Great American Race on Sunday, February 23.
Following the Duel, a pit reporter with MRN Radio interviewed Terry to obtain post-race comments. At this time Terry announced that this would be his last Daytona 500. After 35 years in the most elite level of NASCAR, Labonte, a two time NASCAR Sprint Cup Champion, would make his 32nd and final attempt in what some call the Super Bowl of NASCAR. This announcement coincided with the report that Labonte would be
nominated to be inducted into the NASCAR Hall of Fame 2015 class. After starting the Daytona 500 in the 24th position, Labonte raced his way into the top 10 for several laps and remained competitive throughout the entire race. On lap 195 of 200, he was involved in a multicar accident that occurred ahead of him. The C&J team worked hard to repair the car under caution and Labonte was able to cross the finish line in 20th place in
the race won by Dale Earnhardt Jr.
“This year we had a good car and a strong team,” Labonte said. “It just did not play out the way we had hoped. A race like this is a combination of being aggressive and being patient. We were in a great spot
going into the final laps but got caught up in some trouble in the end. But overall, we had a very successful race.”
Labonte began his NASCAR career in 1978, making his first start at South Carolina’s Darlington Raceway. Labonte quickly made a name for himself by winning races and outrunning veterans. In 1984 he notched his
first NASCAR Sprint Cup victory at the very place he made his first career start—Darlington Raceway—in the Southern 500. This began a long period of competing—and winning—at the highest levels, earning
Labonte the nickname “Iceman” because of his top performance under pressure. In 1996, Labonte won his second NASCAR Sprint Cup Champion with the #5 Kellogg’s Chevrolet, housed by one of NASCAR’s top teams, Hendrick Motorsports. That year, the “Iceman” moniker was replaced with “Ironman” when Labonte made the most consecutive starts in NASCAR history; a record that would only be broken due to injury after 655 starts.
His successful racing career continued. In 2003, Labonte not only earned yet another trip to Victory Lane—again at Darlington Raceway in the Southern 500—he also finished 10th in the NASCAR Sprint Cup Championship standings and appeared on-stage at the annual year-end NASCAR banquet. The year 2003 would also mark the beginning of a fruitful relationship with fellow Corpus Christi, Texas native—and C&J Energy Services CEO—Josh Comstock. That year, Labonte and Comstock formed a friendship that would not only help lead to Labonte’s future recognition in NASCAR, but would prove to raise C&J’s visibility in the energy industry. At the time, C&J Energy Services was a small company with less than 25 employees, and Comstock was just beginning a professional journey that would turn C&J into what is today a 2,500-employee public company with a market cap over $1.3 billion. But remarkably, the C&J and Texas “connection” to Labonte goes back even further than 2003. Labonte started racing at the CC (Corpus Christi) Speedway in
the late ‘70s. In the early ‘90s, Josh Comstock was also racing stock cars at the same CC Speedway. Comstock was sponsored by Miller Lite Ice and coincidentally nicknamed “The Iceman.” In addition, when Labonte first entered NASCAR, he was sponsored by an oil and gas service company, Stratagraph, one of the earliest mud logging companies. It is interesting to note that after a long, successful career, Labonte is once again sponsored by an oil and gas company, C&J Energy Services.
Similarities also exist between Labonte’s Go FAS Racing team and C&J. While Go FAS Racing has long successfully competed in one of the most elite racing industries in the world, it does so racing against multi-car teams with brand-named sponsors, large budgets and top equipment. Indeed, under the leadership of NASCAR veteran crew chief Frank Stoddard, Go FAS consistently performs and places among the top tier of racing giants; the latest proof of that being when Go FAS Racing and C&J Energy earned a 20th place finish in the 2014 Daytona 500. Likewise, C&J Energy Services competes, and wins, against much larger service companies on a daily basis, proving that quality people, equipment, strategy and determination will win over capitalization and size. Today C&J Energy Services provides premium hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, challenging and technically demanding wells. C&J’s services are provided in conjunction with conventional and unconventional well completions, as well as workover and stimulation operations in existing wells. Customers value the experience, technical expertise, operational efficiencies and superior customer service that C&J brings to the wellsite.
Headquartered in Houston, Texas, C&J operates across the U.S., with service centers near major shale basins. C&J also has offices in the Middle East. Labonte and C&J Energy Services will team up with Go
FAS Racing in three additional restrictor plate races in 2014, two in Talladega, Ala., and one more in Daytona.