Midstream
FTS International Inc.
33 articles mentioning FTS International Inc. · Page 1 of 2
FTS International Fourth Quarter, Full Year 2020 Results
FTS International, Inc. reported its financial and operational results for the fourth quarter and full year 2020. Michael Doss, Chief Executive Officer, commented "2021 is off to a strong start with us operating 13 active fleets...
FTS International Exits Bankruptcy
FTS International, Inc. has successfully completed its restructuring and has emerged from bankruptcy. FTS expects to have approximately $90 million cash on hand and has entered into a new $40 million asset-based revolving credit facility with...
Bankrupt FTS International Inks Improved RSA Deal with Creditors
Nearly a month after its August 24 bankruptcy filing, FTS International, Inc. has entered into a second amended and restated RSA deal with its creditors. The new RSA is an improvement on its first agreement, with...
Rig Count Vs Frac Spread Count : Week Ending 9/18/2020
A few of asked us if we can provide this chart weekly. Metrics
FTS International Files Chapter 11 Bankruptcy
FTS International Inc. has filed for bankruptcy. Numerous companies have made similar moves in recent months (such as BJ Energy Services, who filed Chapter 11 in July 2020) as a result of the steep drop in...
U.S. Frac Crew/Spread Count - Week Ending - July 3, 2020
The U.S. Frac Crew Count continues to increase. This week we observed an increase in the MidCon region and the Permian Basin. The weekly frac spread count tracks frac fleets across the U.S. on a weekly...
U.S. Frac Crew/Spread Count Continues to Increase; Week Ending - June 26, 2020
This week we observed another uptick in Frac Activity. The U.S. Frac Crew Count increased by +3 this week to end at 64 active fleets. The Permian gained +2 this week and the Bakken up by...
Major Uptick in U.S. Frac Spread/Crews - Week Ending June 19, 2020
This was a good week for the frac market. The week ended with 61 active spreads. Frac Crews overtime.
U.S. Frac Spread/Crew - Week Ending June 12, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +5 last week. This marks the fourth week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending June 5, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +3 last week. This marks the third week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 29, 2020
As expected, Frac fleets remained unchanged this week at 56. As most of you might remember, last week we reported the +2 fleets that started working this week. This week we will include another version of...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 22, 2020
There have been a lot of you, 19 emails to be exact about wanting us to provide a little more details/ break-out of active frac crews by Basin/Play. While this level of details is normally reserved...
Active Frac Crews/Fleets Up +2 - Week Ending, May 15, 2020
This week we observed an interesting thing when talking to our contacts in the field. One pressure pumpter told us they were called back by an operator on Monday of this week to complete a pad...
FTS International Ops for Reverse Stock Split
FTS International Inc. has reported that its board of directors approved a reverse stock split at a ratio of 1-for-20. The objective of the reverse stock split was to enable the Company to regain compliance with...
U.S. Frac Crews Down (82%) YTD; More To Go; Fleet Count By Operator
This week we will look at our Frac Fleets. The week ended with 51 active frac fleets working in the U.S. Basins. To get frac fleets by operator and by plays click here (requires frac database...
U.S. Frac Crews: Week Ending - May 1, 2020
This week we report that U.S. frac crews took another leg down. Current crew count ended the week at 69. Weekly Changes Year to date changes
Active Frac Spreads / Frac Crews Week Ending - April 24, 2020
The U.S. frac spreads/completion crew count for the week ending 4/24/2020 is 91. This mark another week where operators are focused on reducing not just their rig count by also completion count as well. To get...
Frac Market Update : Operators Drop 45 Frac Crews
As more and more operators cut rig counts, they are also dropping frac fleets as well. Below is our Frac Fleet Update as of 4/19/2020 U.S. Frac Crews/ Completion Spreads To demonstrate the share magnitude of...
Major Pressure Pumper/ Frac Company Hires Debt Advisors
Frac services provider FTS International has hired debt advisors, according to a report by The Wall Street Journal. The company has hired financial firm Lazard Ltd. and Kirkland & Ellis LLP for legal needs. In late...
U.S. Frac Crew Count/Completion Spreads: Week Ending April 11, 2020
In another week, we look at our Frac Crew Tracking data. This week frac crew count comes in at 188, which is down (-31) from last week. A few observations from our field surveys. - Two...