Flotek Industries, Inc. Company News

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Flotek Refutes Study Findings, Says Oilfield is Biggest Lab
Flotek refutes report debunking findings for CnF product, says oilfield is company's biggest lab.
7:00 PM EST | December 26, 2016
Flotek's 3Q Revenues Hit by Declines in Oilfield Activity
Flotek Industries has reported financial and operating results for the third quarter and first nine months of 2009. Consistent with declines in oilfield activity, total revenue for the third quarter of 2009 was $23.8 million.
7:00 PM EST | November 16, 2009
Flotek Closes $16MM Equity Private Placement
Flotek Industries has closed its previously announced private placement of convertible preferred stock and warrants to purchase shares of common stock, for gross proceeds of approximately $16 million.
8:00 PM EST | August 12, 2009
Flotek Industries Implements Management Transition Plan
Jerry Dumas, Chairman, President and Chief Executive Officer, has announced his plans to retire from Flotek in 2010.
8:00 PM EST | August 10, 2009
Flotek Posts 2Q Results, Enters Amendment to Bank Credit Facility
Flotek Industries has reported results for the second quarter of 2009. The company has also announced a $16 million equity private placement and has entered into an amendment to its bank credit facility.
8:00 PM EST | August 10, 2009
Flotek Industries Regains Compliance with NYSE Listing Requirements
Flotek reported that the NYSE has received approval for a pilot program that would lower the numeric thresholds for continued listing criterion.
8:00 PM EST | June 07, 2009
Flotek Names Stanton New VP of Finance
Flotek Industries appointed Scott D. Stanton as the company's Vice President of Finance and Chief Accounting Officer.
8:00 PM EST | May 06, 2009
Flotek Receives Notice Regarding NYSE Listing Requirements
Flotek Industries has been notified by New York Stock Exchange Regulations, Inc. that it is not currently in compliance with one of the continued listing standards of the New York Stock Exchange.
8:00 PM EST | March 26, 2009
Floteck Appoints Neyman Sr. VP, CFO
Flotek has appointed a new Senior Vice President and Chief Financial Officer.
8:00 PM EST | October 28, 2008
Flotek Industries Completes Initial Damage Assessment
Flotek Industries has completed its initial assessment of operations following Hurricane Ike and found no major structural damage to any facilities.
8:00 PM EST | September 21, 2008
Flotek Names New Board Member, Chairman of Audit Committee
Flotek Industries, Inc. announced that Kevin G. McMahon has been named to the Flotek Industries Board of Directors. McMahon will also serve as Chairman of Flotek's Audit Committee.
8:00 PM EST | August 13, 2008
Flotek Grows by 50% in 2Q 2008
Flotek Industries noted a 50.3 percent growth in revenue, a 40.8 percent increase in EBITDA and a 32.7 percent growth in Net Income for the second quarter.
8:00 PM EST | August 05, 2008
Flotek's Chief Financial Officer Steps Down
Flotek Industries announced that Lisa G. Meier is resigning as Senior Vice President and Chief Financial Officer to pursue other interests. Meier's resignation will be effective August 8, 2008.
8:00 PM EST | August 04, 2008
Flotek Revises 2008 Earnings Guidance
Flotek revised its previously announced guidance for the year ending December 31, 2008. The Company revised earnings guidance to $1.12 to $1.22 per fully diluted share, as compared to prior guidance of $1.50 to $1.60 per fully diluted share.
8:00 PM EST | May 26, 2008
Flotek Industries Announces Chief Operating Officer
In his new role, Mr. Reeves will work closely with and report directly to the CEO, Chairman and President Jerry D. Dumas, Sr.
8:00 PM EST | May 07, 2008
Flotek Industries to List on New York Stock Exchange
Flotek Industries, a technology-driven growth company serving the oil/gas and mining industries, has filed an application to list its common stock on the New York Stock Exchange.
7:00 PM EST | December 12, 2007
Flotek Completes Acquisition of CAVO Drilling Motors
Flotek Industries has completed its acquisition of the remaining fifty percent partnership interest in CAVO Drilling Motors for $12.5 million cash.
7:00 PM EST | November 27, 2007
Flotek Reports Strong Third Quarter 2007 Earnings
Flotek reports strong third quarter earnings for 2007.
8:00 PM EST | October 31, 2007
Flotek Acquires Sooner Energy Services in Cash Deal
Flotek Industries says that the acquisition of Sooner Energy Services is for approximately $7.1 million cash.
8:00 PM EST | September 04, 2007
Flotek Industries Hires Chemical R&D Director
Dr. Phillip B. Kaufman will serve as Vice President of Research and Development of the new CESI Facility in the Woodlands, Texas.
8:00 PM EST | July 22, 2007
Flotek Announces 2-for-1 Split
Flotek Industries, Inc. said that its Board of Directors has approved a 2-for-1 split of its common stock, effected in the form of a stock dividend.
8:00 PM EST | June 18, 2007
Flotek Names Division Presidents
Flotek Industries, Inc. has recruited Paul Deutch as President of Artificial Lift. Deutch will spearhead the geographic expansion and product line development of Flotek's emerging Artificial Lift division.
8:00 PM EST | April 30, 2007
Flotek Completes Triumph Acquisition
Flotek Industries, Inc. announced the completion of its acquisition of substantially all the assets of Triumph Drilling Tools for $31 million cash.
7:00 PM EST | January 08, 2007
Flotek Industries Makes Organizational Changes
Flotek Industries announced Dr. Glenn Penny elected to resign from the Board of Directors and as President and Chief Technical Officer to pursue other professional opportunities at Flotek.
7:00 PM EST | December 21, 2006
Flotek Industries to Acquire Triumph Drilling Tools
Flotek Industries has entered into a definitive agreement to purchase the assets of Teal Supply Co., which does business as Triumph Drilling Tools, Inc. headquartered in Corpus Christi, Texas.
7:00 PM EST | December 05, 2006
Flotek Industries to Acquire Stake in Cavo Drilling Motors
Flotek Industries has entered into a definitive agreement to purchase a 50% interest in Cavo Drilling Motors for approximately $6 million.
8:00 PM EST | October 04, 2006
Flotek Industries to Acquire LifTech
Flotek Industries, Inc. has signed a definitive agreement to acquire LifTech, LLC for approximately $5.2 million in cash and stock.
8:00 PM EST | June 06, 2006
Flotek Closes TWS Acquisition
Flotek Industries said that it has closed its acquisition of Total Well Solutions for approximately $4.8 million in cash.
8:00 PM EST | April 04, 2006
Flotek Industries Expands Specialty Chemical Ops Into the Netherlands
Flotek Industries has completed preparations to expand its specialty chemical operations into the Netherlands.
7:00 PM EST | January 23, 2006
Flotek Industries Acquires Can-Ok Oil Field Services
Flotek Industries reports the signing of a definitive agreement to purchase the assets of Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc. for approximately $6.75 million in cash and $525,000 in stock.
7:00 PM EST | January 12, 2006