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Flotek Inds (FTK)

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Last Post: 8/2/2017 5:12:58 PM - Followers: 46 - Board type: Free - Posts Today: 0

FLOTEK Historical Development

Flotek Industries Inc., is a diversified global supplier of drilling-and production-related products and services to the energy and mining industries. Flotek is headquartered in Houston, Texas and its common shares are traded on the New York Stock Exchange market under the stock ticker symbol, “FTK.” FLOTEK was originally incorporated under the laws of the Province of British Columbia on May 17, 1985. On October 23, 2001, we approved a change in our corporate domicile to the state of Delaware and a reverse stock split of 120 to 1. On October 31, 2001, we completed a reverse merger with CESI Chemical, Inc. (“CESI”). Since that date, we have entered into the following acquisitions that were outside the ordinary course of our business:

  • acquired IBS 2000, Inc., a Denver-based company engaged in the development and manufacturing of environmentally neutral chemicals for the oil industry, on February 19, 2002,
  • acquired manufacturing assets, inventory and intellectual property rights to produce oilfield shale shaker screens from Phoenix E&P Technology, LLC on January 28, 2005,
  • acquired Spidle Sales and Services, Inc. (“Spidle”), a downhole tool company with rental, sales and manufacturing operations throughout the Rocky Mountains, on February 14, 2005,
  • acquired the assets of Harmon’s Machine Works, Inc. (“Harmon”), a downhole oilfield and mining tool company with manufacturing and sales operations located in Midland, Texas, on August 19, 2005,
  • acquired the assets of Precision-LOR, Ltd. (“LOR”), a drilling tool rental and inspection service provider in South Texas, on August 31, 2005,
  • acquired the assets of Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc. (collectively “Can-Ok”) a downhole oilfield tool company located in Chickasha, Oklahoma on January 2, 2006,
  • acquired the tangible assets and licensed the rights to exercise the exclusive worldwide rights to a patented gas separator used in coal bed methane production in the Powder River Basin from Total Well Solutions, LLC. (“TWS”) on April 3, 2006,
  • acquired the assets of LifTech, LLC (“LifTech”) which markets and services electric submersible pumps and downhole gas/water separators primarily to coal bed methane gas producers in the Powder River Basin on June 6, 2006,
  • acquired the assets of Triumph Drilling Tools, a downhole tool company with rental, inspection and manufacturing operations throughout the Gulf Coast and Mid-Continent regions, on January 4, 2007.
  • acquired a 50% partnership interest in CAVO Drilling Motors Ltd Co. on January 31, 2007, a downhole mud-motor company with domestic rentals and international sales operations.
  • acquired the assets of Sooner Energy Services, Inc. (“SES”), a specialty chemical company dedicated to the development and distribution of products and services for drilling and production of natural gas.
  • acquired remaining 50% partnership interest in CAVO Drilling Motors Ltd. Co. November 27, 2007, a downhole mud-motor company with domestic rentals and international sales operations.
  • listed and began trading on the New York Stock Exchange on December 27, 2007.
  • acquired Teledrift in February of 2008, a leading designer and manufacturer of wireless survey and measurement while drilling, or MWD, tools based in Oklahoma City, Oklahoma.

Divisions -

We offer a full spectrum of oil field specialty chemicals used for drilling, cementing, stimulation and production...

Our specialty chemicals division provides chemical technology solutions to maximize recovery from both new and mature fields. Our development of specialty chemicals with enhanced performance characteristics to withstand a wide range of downhole pressures, temperatures and other well-specific conditions is key to the success of this division. We utilize a technical service laboratory, to focus on design, development and testing of new chemical formulations and enhancement of existing products, often in cooperation with our customers.

We are a leading provider of downhole drilling tools used in the oilfield, mining, water well and industrial drilling sectors...

We manufacture, sell, rent and inspect specialized equipment for use in drilling, completion, production and workover activities throughout the United States and in select international markets. Our rental tools include stabilizers, drill collars, reamers, wipers, jars, mud-motors, wireless drift indicators, and measurement while drilling tools, while equipment sold includescentralizers and drill bits. We focus our product marketing efforts primarily in the Gulf of Mexico, Mid-Continental and Rocky Mountain regions of the United States, with international sales currently conducted through third party agents.

We provide pumping system components including electric submersible pumps or ESPs, gas separators, production valves and services...

Our products address the needs of coal bed methane and traditional oil and gas production to efficiently move gas, oil and other fluids from the producing horizon to the surface.

The patented gas separator is particularly applicable for coal bed methane production as it efficiently separates gas and water downhole, ensuring solution gas is not lost in water production.


A Global Leader in Oilfield & Mining Products and Service

If you drill, produce, or transport, Flotek Industries has high quality products at great values to help you succeed. Check out our complete product lines in these catalogs:

If you don't see what you need, contact our SALES STAFF about customized solutions for your specific requirements.

Contact Us

Welcome to FLOTEK Industries on the web!

Thank you for taking the time to visit our site. We want to do everything possible to make your experience a beneficial and productive one. Everyone at FLOTEK is devoted to making our products and service a valuable component of your business success. If there is anything you may need, please feel free to contact us.


FLOTEK Industries Headquarters

2930 W. Sam Houston Pkwy. N.
Suite 300
Houston, TX 77043
email us







Current Price
Bid Ask Day's Range
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FTK News: Current Report Filing (8-k) 09:29 AM
FTK News: Flotek Industries Provides Fourth Quarter And Operational Update 07:00 AM
FTK News: Flotek Welcomes New Chief Administrative Officer; Expands Citrus Processing Capacity 01/09/2018 05:26:00 PM
FTK News: Statement of Changes in Beneficial Ownership (4) 01/03/2018 05:33:37 PM
FTK News: Statement of Changes in Beneficial Ownership (4) 01/03/2018 05:32:45 PM
News News Alert: Current Report Filing (8-k) 01/16/2018 09:29:13 AM
#1498   * * $FTK Video Chart 08-02-17 * * ClayTrader 08/02/17 05:12:58 PM
#1497   FTK bullish 11.95 stocktrademan 06/03/16 08:05:27 PM
#1496   $FTK recent news/filings stocktrademan 09/01/15 12:34:45 PM
#1495   $FTK Flotek Industries Inc insymbols 07/25/15 10:39:08 PM
#1494   $FTK recent news/filings stocktrademan 07/23/15 03:51:30 PM
#1493   We need more oil wells to be on ortco1 02/23/15 07:23:32 PM
#1492   Well I am glad I got in..BLASTOFF!!!! She's WaitN4TheBigOne 02/08/15 05:21:40 PM
#1491   Currently I am not in the stock but Trueheart 12/05/14 11:17:37 AM
#1490   I think this is a great to to WaitN4TheBigOne 12/05/14 09:45:20 AM
#1489   $23.11 close Friday, October 24. Trueheart 10/24/14 04:29:09 PM
#1488   In at 23.08. Trueheart 10/24/14 03:31:59 PM
#1487   $FTK recent news/filings stocktrademan 08/08/14 04:51:07 PM
#1486   $FTK - Shale development has significantly changed the Timothy Smith 11/04/13 10:22:18 PM
#1485   With analysts expecting earnings of $0.74 for 2013, Timothy Smith 11/04/13 10:19:19 PM
#1484   SP is a buying opportunity imo. ShadowSpy69 11/04/13 04:15:48 PM
#1483   $FTK - at breakfast with CEO. Very interesting Timothy Smith 10/31/13 09:50:23 AM
#1482   Q2 2013 updates ECole 08/08/13 10:51:28 AM
#1481   Time to read Q4 details, before EC ECole 08/08/13 09:03:01 AM
#1480   yes and yes ShadowSpy69 07/31/13 05:36:53 PM
#1479   Hi Daddy maybe earning on August 7 will erpy 07/24/13 08:58:09 AM
#1478   LOVE IT. slow rise DADDY FAT SAXX 03/26/13 02:01:26 PM
#1477   $20 BUCKS SOON IMO DADDY FAT SAXX 03/20/13 04:07:01 PM
#1475   Flotek, Gulf Energy LLC to Jointly Build Oilfield starbuxsux 03/14/13 09:52:14 AM
#1474   Flotek Industries, Inc. Announces 2012 Results, Provides Financial eastunder 03/13/13 06:01:05 PM
#1473   Nice day! $14 coming. DADDY FAT SAXX 01/23/13 03:23:00 PM
#1472   Flotek Industries, Inc. Announces $75 Million Expanded Credit starbuxsux 12/28/12 08:48:39 AM
#1471   Flotek Industries, Inc. Announces Authorization of $25 Million rdsd 11/12/12 08:27:18 AM
#1470   Come on FTK...time to FLY!!! starbuxsux 11/07/12 11:10:14 AM
#1469   Per slides from todays presentation, FTK has $24 rdsd 11/01/12 01:59:56 PM
#1468   Ftk looking for a bounce! ShadowSpy69 10/22/12 08:27:10 PM
#1467   Curious to see if FTK says anything other rdsd 10/22/12 11:06:54 AM
#1466   I agree, the selling should be over. BUY! Silvr Surfr 10/12/12 02:09:27 PM
#1465   FTK - fun facts lol starbuxsux 10/09/12 11:06:08 PM
#1464   Ok...I think it is clear that Cramer doesn't starbuxsux 10/09/12 10:48:17 PM
#1463   Ride the waves. This one is going North regardless DADDY FAT SAXX 10/08/12 02:11:37 PM
#1462   CEO sold 10,000 shares the other day, pursuant rdsd 10/06/12 08:19:23 AM
#1461   Here are a couple of charts for oil rdsd 10/06/12 08:10:42 AM
#1460   starbuxsux, I did see the PR and liked rdsd 10/04/12 12:01:15 PM
#1459   I have been in since around $2 so DADDY FAT SAXX 10/03/12 03:21:17 PM
#1458   Yup. Be awesome if my scenario plays out ShadowSpy69 10/02/12 09:19:13 PM
#1457   You best strap in. This is going to DADDY FAT SAXX 10/02/12 04:11:19 PM
#1456   Like I said. $20 soon DADDY FAT SAXX 10/02/12 04:09:06 PM
#1455   PRESS RELEASE starbuxsux 10/02/12 01:59:58 PM
#1454   Can anyone here verify if they heard on rdsd 10/02/12 01:24:45 PM
#1453   Flotek Expects Initial Comml Sales In 4Q >FTK starbuxsux 10/02/12 09:05:08 AM
#1452   Flotek Industries Introduces Next-Generation Complex Nanofluid® and Updates ShadowSpy69 10/02/12 07:30:04 AM
#1451   daily chart updated for all :) + bonus ShadowSpy69 10/01/12 01:30:32 AM
#1450   I am always here. Making huge money on DADDY FAT SAXX 09/28/12 10:20:36 AM
#1449   Wondered about you... starbuxsux 09/27/12 05:46:59 PM