Forbes Energy Services Ltd.
3000 South Business Highway 281
Alice, TX 78332
Forbes Energy Services Ltd., an independent oilfield services contractor, provides a range of well site services for oil and natural gas drilling and producing companies to develop and enhance the production of oil and natural gas in the United States. The company operates in two segments, Well Servicing and Fluid Logistics. The Well Servicing segment offers well maintenance services, including remedial repairs, and removal and replacement of downhole production equipment; well workovers, such as downhole repairs, re-completions, and re-perforations; completion and swabbing services; plugging and abandoning services; and oil and natural gas production tubing testing services. As of December 31, 2014, it utilized a fleet of 169 owned well servicing rigs, which included 158 workover rigs and 11 swabbing rigs; 6 coiled tubing spreads; 9 tubing testing units; 4 electromagnetic scan trucks; and related assets and equipment. The Fluid Logistics segment provides, transports, stores, and disposes various drilling and produced fluids used in oil and natural gas production. This segment is involved in fluid hauling activities; the disposal of salt water, and incidental non-hazardous oil and natural gas wastes produced from oil and natural gas wells; rental of fluid storage tanks for use by oilfield operators to store various fluids at wellsites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells. It owned or leased 453 fluid service vacuum trucks, trailers, and other hauling trucks; operated 23 disposal wells; and owned a fleet of 3,209 fluid storage tanks. The company has operations in the onshore oil and natural gas producing regions of Texas, as well as in Mississippi and Pennsylvania. Forbes Energy Services Ltd. is headquartered in Alice, Texas.