Stock Report: Flotek Industries Inc. (FTK) Report Updated: Jun 17, 2013 | Print This Page

Flotek Industries, Inc., together with its subsidiaries, develops and supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. The company operates in three segments: Chemicals, Drilling, and Artificial Lift. The Chemicals segment designs, develops, manufactures, packages, and markets specialty chemicals used by oilfield service companies in oil and natural gas well drilling, cementing, stimulation, and production activities. This segment also designs, operates, and manages automated bulk material handling and loading facilities for oilfield service companies that handle oilfield products, including sand and other materials for well-fracturing operations, dry cement and additives for oil and natural gas well cementing, and supply materials used in oilfield operations. The Drilling segment manufactures, sells, rents, and inspects specialized equipment for use in drilling, completion, production, and workover activities. Its rental tools include stabilizers, drill collars, reamers, wipers, jars, shock subs, wireless survey, and measurement while drilling tools, and mud-motors; and equipment comprises mining equipment, centralizers, and drill bits. This segment’s downhole drilling tools are used in the oilfield, mining, water-well, and industrial drilling activities. The Artificial Lift segment manufactures and markets artificial lift equipment, such as the Petrovalve line of rod pump components, electric submersible pumps, gas separators, valves, and services to support coal bed methane production activities. The company sells its products directly and through third party agents to integrated oil and natural gas companies, independent oil and natural gas companies, pressure pumping service companies, and state-owned national oil companies. Flotek Industries, Inc. is headquartered in Houston, Texas.