News Releases
SUSQUEHANNA COUNTY, Pa. – May 20, 2013 – FTS International (FTSI) and Cabot Oil & Gas (NYSE: COG) have successfully partnered to use natural gas from a producing gas well to power pressure pumping equipment for a fracturing treatment. This marks the first time “field” gas been used in northeastern Pennsylvania for this purpose. The process of using clean-burning natural gas can displace up to 70 percent of the diesel fuel traditionally used to operate pumping equipment for fracturing. Read More
FORT WORTH, Texas – May 15, 2013 – FTS International (FTSI) announced today that it delivered the quarterly report of FTS International Services (FTSI Services) for the period ended March 31, 2013, to The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing FTSI Services’ 7.125% senior notes due 2018 (senior notes). FTSI is issuing this news release and delivering the FTSI Services first quarter report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More
FORT WORTH, Texas – May 10, 2013 – When FTS International (FTSI) launched its first-ever employee giving campaign for the United Way this year, the company set a goal for 50 percent of the FTSI team to participate. Read More
PITTSBURGH, Pa. – May 3, 2013 – FTS International has been honored by The Challenge Program Inc. (TCP) with the organization’s Crystal Owl Award for business partner of the year. Read More
FORT WORTH, Texas – March 28, 2013 – FTS International (FTSI) announced today that it delivered the annual report of FTS International Services (FTSI Services) for the year ended Dec. 31, 2012, to The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing FTSI Services’ 7.125% senior notes due 2018 (senior notes). FTSI is issuing this news release and delivering the FTSI Services annual report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More
FORT WORTH, Texas – March 13, 2013 – FTS International (FTSI) won top honors for “Health and Safety Initiative of the Year” in the 2012 Rocky Mountains Oil & Gas Awards (www.oilandgasawards.com). The award was presented March 12, 2013, at the inaugural Rocky Mountains Oil & Gas Awards event in Denver. Read More
FORT WORTH, TEXAS – January 16, 2013 – FTS International (FTSI) has been named a finalist in both the 2012 Northeast Oil & Gas Awards and the 2012 Rocky Mountains Oil & Gas Awards (www.oilandgasawards.com). The awards celebrate the achievements of oil and gas industry upstream and midstream companies, service providers and suppliers in relation to health and safety, environmental stewardship and corporate social responsibility. FTSI’s entry featured information about the company’s Health, Safety and Environment (HSE) program. Read More
FORT WORTH, TEXAS – November 14, 2012 – FTS International (FTSI) announced today that it delivered the quarterly report of FTS International Services (FTSI Services) for the period ended September 30, 2012, to The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing FTSI Services’ 7.125% senior notes due 2018 (senior notes). FTSI is issuing this news release and delivering the FTSI Services third quarter report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More
FORT WORTH, TEXAS – October 13, 2012 – FTS International (FTSI) and PETRA Energia S.A. have officially signed an agreement for a Brazilian joint venture establishing FTS Brasil Serviços de Petróleo e Gás Ltda. (FTS Brasil), and the new joint venture has received regulatory approval to operate from Brazil’s Conselho Administrativo de Defesa Econômica (Economic Defense Administrative Council). Read More
FORT WORTH, TEXAS – Nov. 8, 2012 – FTS International (FTSI) announced today the appointment of Greg Lanham as its new Chief Executive Officer, as Marc Rowland retires as CEO. Mr. Lanham, who has served on the FTSI Board of Directors since May 2011, has more than 25 years of experience in the global energy industry in both operations and investments. The change is effective immediately. Read More
FORT WORTH, TEXAS – September 12, 2012 — FTS International, Inc. (“FTSI”) today announced that it has received commitments to raise $350 million of new equity capital from existing stockholders, with the proceeds to be used to pay down existing debt. This new capital raise is part of an overall program of FTSI to strengthen its financial position and balance sheet, and provide flexibility for potential future expansion into international markets, such as Brazil, Middle East, China and Indonesia. FTSI believes this new capital raise and related debt reduction will better position the company to broaden its service offerings into areas such wireline, water treatment and other ancillary services. Read More
FORT WORTH, TEXAS – Sept. 10, 2012 – FTS International (FTSI) has acquired Phoenix Well Services LLC, a wireline services provider, from a company controlled by Palm Ventures LLC, a Greenwich, Conn.-based family office investment firm. Read More
FORT WORTH, TEXAS – July 25, 2012 – FTS International (FTSI), a provider of well completion services for the oil and gas industry, has been granted the PEC Premier SafeLandUSA certificate of accreditation for the company’s in-house safety training program. Read More
FORT WORTH, TEXAS – July 17, 2012 — FTS International, Inc. (“FTSI”) today announced that its wholly-owned subsidiary, FTS International Services, LLC (“FTSI Services”) has extended the expiration time of its consent solicitation relating to its 7.125% Senior Notes due 2018 (the “Notes”) to 8:00 a.m., New York City time, on Wednesday, July 18, 2012. Read More
FORT WORTH, TEXAS – June 7, 2012 – FTS International (FTSI), a provider of well completion services for the oil and gas industry, has been recognized as part of the inaugural Flyover 50, an effort by Five Elms Capital to recognize the 50 fastest-growing companies in the middle of the country. Read More
FORT WORTH, TEXAS – May 18, 2012 – FTS International (FTSI) announced today that it has signed an agreement for its first international joint venture, partnering with Summit Technologies Company Ltd. (Summit), through Summit’s affiliate, Selected Arabia Ltd. Read More
FORT WORTH, TEXAS – May 15, 2012 – FTS International (FTSI) announced today that it delivered the quarterly report of FTS International Services (FTSI Services) for the period ended March 31, 2012, to The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing FTSI Services’ 7.125% senior notes due 2018 (senior notes). FTSI is issuing this news release and delivering the FTSI Services first quarter report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More
FORT WORTH, TEXAS – March 30, 2012 – FTS International (FTSI) announced today that it delivered the annual report of FTS International Services (FTSI Services) for the year ended Dec. 31, 2011, to The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing FTSI Services’ 7.125 percent senior notes due 2018 (senior notes). FTSI is issuing this news release and delivering the FTSI Services annual report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More
FORT WORTH, TEXAS – Nov. 14, 2011 -- FTS International (Frac Tech Services) announced today that it delivered its quarterly report for the period ended Sept. 30, 2011, to the Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing Frac Tech's 7.125 percent Senior Notes due 2018 (Senior Notes). FTSI is issuing this news release and delivering the quarterly report to the trustee pursuant to requirements of the indenture. FTSI is also making the contemporaneous website posting required by the indenture. Read More