FTK Stock Discussion

Flotek Industries, Inc. Description

Flotek Industries, Inc. engages in the research, development, design, and supply of drilling and production related products and services in the United States and internationally. The company operates through three segments: Chemicals and Logistics, Drilling Products, and Artificial Lift. The Chemicals and Logistics segment designs, develops, manufactures, packages, and markets specialty chemicals for use in oil and natural gas well cementing, stimulation, acidizing, drilling, and production activities. This segment also manages automated material handling, loading facilities, and blending services for oilfield services companies. The Drilling Products segment manufactures, rents, inspects, and markets downhole drilling equipment for use in energy, mining, water well, and industrial drilling activities. This segment rents tools, such as stabilizers, drill collars, reamers, wipers, jars, shock subs, wireless survey, measurement while drilling tools, and mud-motors; and sells equipment, including mining equipment, centralizers, and drill bits. The Artificial Lift assembles and markets artificial lift equipment consisting of Petrovalve product line of rod pump components, electric submersible pumps, gas separators, and valves, as well as provides services that support natural gas, oil and coal bed methane production activities. The company serves integrated oil and gas exploration and production companies, onshore and offshore drilling contractors, and state-owned oil companies, as well as oilfield service providers, pressure pumping service companies. Flotek Industries, Inc. is headquartered in Houston, Texas.

Sector: Energy
Industry: Oil & Gas Equipment & Services
Keywords: Natural Gas Mining Petroleum Industry Acid Oil Wells Gas Exploration Oil And Gas Exploration Field Services Offshore Drilling Integrated Oil Precision Drilling Methane Geotechnical Engineering Well Drilling Oilfield Services Drill Bit Mining Equipment National Oilwell Varco Offshore Drilling Contractor Submersible Pump Artificial Lift Equipment Gas Separators Markets Specialty Chemicals Measurement While Drilling Offshore Drilling Contractors State Owned Oil