Thursday, January 2, 2025

Oil Industry Demand for Tech Booming: Flotek

 Flotek looks to core business in 2017 While the current industry downturn adversely affected E&P companies, it caused a tightening in service companies, with thousands of their employees being laid off. But as commodity prices recover somewhat, remaining in the $50s per barrel range, service companies are becoming more optimistic about future prospects. Flotek Industries (ticker: FTK), a chemical technology company,

Flotek Industries – On a Roll in 2014

Flotek Industries (ticker: FTK) reported revenue of $116.8 million for the quarter ending September 30, 2014, noting that Q3 set a record, showing a revenue increase of almost 19% compared to Q3 of 2013. “This represents the fourth consecutive quarter with revenue exceeding $100 million, a trend we expect to accelerate in the coming quarters,” John Chisholm, Flotek’s Chairman and