Midstream
FTS International Inc.
33 articles mentioning FTS International Inc. · Page 2 of 2
FTS International Execs Take Pay Cut, Furloughing Crews
FTS International/ Frac Tech said it it taking the following steps to deal with the demand destruction we have seen in for frac services. Actions that the company has taken to date include: Furloughing crews that...
U.S. Frac Crew Spread Falls by 13 - Week Ending March 13, 2020
In a not so surprising move, U.S. E&Ps laid down 13 frac fleets this week. Currently, active frac spreads/fleets this week is at 289. We continue to believe we could see the fleet count get cut...
Updated : Frac Companies Permanently Retire 2.4 Million Horse Power
Updated : 12/12/2019 : Basic Energy Services said it is exiting the frac market, selling/dismantling its 500,000 HHP. Updated : 12/11/2019 : Superior (PumpCo) laid off its entire frac division (112 employees). As part of our...
FTS International Adds Former HollyFrontier Exec to Board
FTS International reported that Michael C. Jennings has been appointed as a member of its Board of Directors and will serve as Chair of the Audit Committee. About Jennings Mr. Jennings has served as Chairman of...
FTS Closing Doors on Shreveport Office After Losing Work from 'Major Customer'
Frac services company FTS International is closing down its Shreveport, Louisiana office, according to a report by The Advocate. In a report to employment regulators in the state, FTS stated that it unexpectedly lost a bulk...
Frac Company FTS Cuts Frac Fleets as Operators Slow Activity
FTS International reported that the company is cutting frac fleets as some of its customers are curtailing frac activity. CEO Michael Doss commented: "The Company reported that certain of its customers reduced their completions activity going...
Pressure Pumpers Head to Public Market as Activity Picks Up
In the early weeks of 2017, a flurry of IPOs have emerged from private equity-backed pressure pumpers, including ProPetro, Keane and now FTS International has followed suit. This is being spurred by E&Ps ramping up their...
US Pressure Pumper FTS Taps Debt Market; $350 Million Notes
FTS International, Inc. (FTSI) announced today that it has completed an offering of $350 million of senior secured floating rate notes due 2020 (the “notes”) in a private transaction that is exempt from the registration requirements...
C&J to Acquire Nabors Frac Business; FracTech Moves Down One
In regard to the deal, Shale Experts CEO Rons Dixon commented:"The combined company will have a little more than 5% market-share and now moves into 4th position behind Halliburton, Schlumberger and Baker Hughes."
Frac Tech / FTS Signs China JV with Sinopec; Loses Market Share In US
As most of you might remember, Frac Tech/ FTS was once a top pressure pumper in the US before the likes of ...
Schlumberger or FTS: Sabine Oil & Gas Must Pick One
Earlier this week, Sabine Oil & Gas announced its decision to acquire/merge with Forest Oil. Sabine's pressure pumper is FTS and Forest uses..
Hi-Crush, FTS Strengthen Supply Agreement
The amendment significantly increases the number of committed volumes under the agreement.
Cabot, FTS Tout First Marcellus Natural Gas Frac Job
This marks the first time "field" gas has been used in northeastern Pennsylvania for this purpose.