Energy Equipment and Services
Company Overview of FTS International, Inc.
FTS International, Inc., through its subsidiaries, provides oil and natural gas well stimulation services to the exploration and production companies operating in the United States. It offers well completion services, including pressure pumping, wireline, and reservoir optimization technologies; and high-pressure hydraulic fracturing services. The company primarily focuses on the unconventional oil and natural gas formations in the Eagle Ford Shale, the Marcellus/Utica Shale, the Haynesville Shale, the Permian Basin, the Barnett Shale, Western Oklahoma; and the Bakken Shale. It operates 34 hydraulic fracturing fleets with approximately 1,584,500 horsepower in the aggregate. FTS International...
301 East 18th Street
Cisco, TX 76437
Key Executives for FTS International, Inc.
Chief Executive Officer and Director
President and Chief Operating Officer
Senior Vice President of Finance and Treasurer
Vice President and General Counsel
Senior Vice President of Operations
Compensation as of Fiscal Year 2015.
FTS International, Inc. Key Developments
FTS International Provides Well Stimulation for EQT's Record-Setting Utica Well
Aug 21 15
FTS International to be the stimulation provider for EQT Corporation's record-setting Utica well in southwestern Pennsylvania. EQT announced that its first deep Utica well, for which FTSI provided hydraulic fracturing and wireline services, achieved an average 24-hour test rate of 72.9 MMcf per day into sales during the initial 24-hour flow back test. This initial production (IP) rate equates to a 22.6 MMcf per day IP rate per 1,000 foot of lateral. This well, known as Scotts Run and located in Greene County, Pennsylvania, has what is believed to be the high reported IP of any Utica well to-date and is more than double the previous record.
FTS International Announces Completion of $350 Million Notes Offering
Jun 1 15
FTS International, Inc. announced that it has completed an offering of $350 million of senior secured floating rate notes due 2020 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The proceeds from the offering will be used to repay all outstanding borrowings under FTSI’s existing revolving credit facility, to pay related fees and expenses and for general corporate purposes. The notes have not been registered under the Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. The notes were offered and sold only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.
FTS International Appoints Perry Harris to its Wireline Division
Nov 3 14
FTS International announced that it has signed a definitive agreement to acquire J-W Wireline Company. J-W Wireline's current President, Perry Harris, will lead the expanded FTSI wireline division. Mr. Harris brings more than 30 years of senior management experience in the oil and gas industry.
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