John Chisholm, Chairman, President and Chief Executive Officer of Flotek Industries Inc. (NYSE: FTK), presented today at EnerCom’s The Oil & Gas Conference® 20.
Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas.
Flotek’s revenue was $87.0 million in its Q2’15 results, an increase of 5.6% from first quarter 2015. Sales by volume for its CnF® technology increased by 76% and 34% from its Q1’15 and Q2’14 levels, respectively.
During the company’s breakout session, management was asked the following questions:
- The Q2 results seem to be pretty good. As the oil price decreases, would you recommend customers to reassess their risks in the market?
- As you are selling The Flotek Store to the public, are there any problems working with E&P firms which make the final decisions?
- You commented on FracMax™. Have you seen any improvement with 1) loading levels; 2) distributing system with The Flotek Store; 3) better wells?
- What’s the range of functional chemistry in your company?
- Any thoughts on pricing concessions? Is the pricing concession coming to an end?
- I noticed that the CICT margin increased in the second quarter, what’s the drive of that?
- Can you talk about the manufacturing capacity of CnF®? How much would you project that in the near future?
- In your presentation, you talked about new reservoir set up. Does that give you any competitive advantages as you cooperate with Core Laboratories?
- Can you talk a little about Fracmax™? How do you normalize the variables?
- Have you already tested importing data with FracMax™?
