Skip Ribbon Commands Skip to main content
Navigate Up

News Releases

FTS International Announces Pricing Of $500 Million Of Senior Secured Notes

FORT WORTH, TEXAS, April 11, 2014 — FTS International, Inc. (FTSI) announced today that it has priced its previously announced offering of $500 million of 6.25% senior secured notes due 2022 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”). The offering of notes is expected to be completed on April 16, 2014, subject to customary closing conditions. Read More

FTS International Announces Offering Of $500 Million Of Senior Secured Notes

FORT WORTH, TEXAS, April 7, 2014 — FTS International, Inc. (FTSI) announced today that it plans to offer $500 million of senior secured notes due 2022 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The terms, pricing and consummation of the offering of the notes are subject to market and other conditions. Read More

FTSI’s Joy Kidd Wins Fort Worth Admin Award

FORT WORTH, Texas – March 28, 2014 – Joy Kidd, an executive assistant at FTS International’s (FTSI) Fort Worth corporate office, was honored with the “Rookie of the Year Award” at The Fort Worth Admin Awards this week. The awards program includes nine categories of awards recognizing the administrative assistant community. The award was presented March 27, 2014, at an awards luncheon in Fort Worth. Read More

FTS International Wins “Preferred Technology Award for Excellence in
Well Completion”

FORT WORTH, Texas – March 21, 2014 – FTS International (FTSI) was honored with “The Preferred Technology Award for Excellence in Well Completion” in the 2013 Northeast Oil & Gas Awards (www.oilandgasawards.com). The award was presented March 20, 2014, at the Oil & Gas Awards gala in Pittsburgh, Pa. Read More

FTS International Services Announces The Expiration of its Tender Offer for Any and All 7.125% Senior Notes Due 2018

FORT WORTH, TEXAS, November 14, 2013 — FTS International Services, LLC (“FTSI Services”), a wholly owned subsidiary of FTS International, Inc., announced today the expiration of its previously announced cash tender offer (the “Tender Offer”) for any and all of the outstanding 7.125% Senior Notes due 2018 (the “Notes”) issued by FTSI Services (f/k/a Frac Tech Services, LLC) and FTS International Bonds, Inc. (f/k/a Frac Tech Finance, Inc.), as co-issuer. Read More

FTS International Reduces Debt by $340 Million; Credit Rating Improves

FORT WORTH, TEXAS, Nov. 8, 2013 — FTS International (FTSI) has reduced its debt by approximately $340 million using proceeds from the recent sale of its proppant and logistics assets. As a result, Standard & Poor’s Ratings Services upgraded the rating on FTSI’s Senior Secured Term Loan due 2016 and improved their outlook guidance. Read More

FTS International Services Announces Early Settlement and Receipt of Requisite Consents

FORT WORTH, TEXAS, October 30, 2013 — FTS International Services, LLC (“FTSI Services”), a wholly owned subsidiary of FTS International, Inc., announced today that pursuant to its previously announced cash tender offer (the “Tender Offer”) for any and all of the outstanding 7.125% Senior Notes due 2018 (the “Notes”) issued by FTSI Services (f/k/a Frac Tech Services, LLC) and FTS International Bonds, Inc. (f/k/a Frac Tech Finance, Inc.) (“FTSI Bonds”), as co-issuer, holders of $296,643,000 principal amount of the Notes, representing 98.88% of the outstanding principal amount of Notes, validly tendered Notes and gave Consents prior to 5:00 p.m., New York City time, on October 29, 2013 (the “Early Tender Time”). FTSI Services has accepted for purchase (the “Early Settlement”) all of the Notes validly tendered prior to the Early Tender Time. Payment for the Notes pursuant to the Early Settlement is expected to be made on October 30, 2013 (the “Early Settlement Date”). Holders who validly tendered their Notes prior to the Early Tender Time will receive the Total Consideration of $1,107.50 for each $1,000 principal amount of Notes tendered, consisting of the Tender Offer Consideration of $1,077.50 and an Early Tender Premium of $30. Read More

FTS International Services Announces Increased Consideration for Tender Offer and Consent Solicitation

FORT WORTH, TEXAS – October 24, 2013 – FTS International Services, LLC (“FTSI Services”), a wholly owned subsidiary of FTS International, Inc., announced today that it has increased the consideration payable in its cash tender offer (the “Tender Offer”) for any and all of the outstanding 7.125% Senior Notes due 2018 (the “Notes”) issued by FTSI Services (f/k/a Frac Tech Services, LLC) and FTS International Bonds, Inc. (f/k/a Frac Tech Finance, Inc.) (“FTSI Bonds”) as co-issuer. The Total Consideration (as set forth in the table below) for each $1,000 principal amount of Notes tendered and accepted for payment in the Tender Offer is now $1,107.50. The Total Consideration now consists of the Tender Offer Consideration of $1,077.50 and an Early Tender Premium of $30 per $1,000 principal amount of Notes, payable to Holders that validly tender their Notes and give their Consents for Proposed Amendments to the Indenture prior to 5:00 p.m., New York City time, on October 29, 2013, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Early Tender Time”). Holders that validly tender their Notes and give their Consents after the Early Tender Time and prior to 11:59 p.m., New York City time, on November 13, 2013, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Expiration Time”) will now receive the Tender Offer Consideration of $1,077.50 per $1,000 principal amount of Notes. Read More

FTS International Services Announces Launch of Cash Tender Offer and Consent Solicitation for Any and All 7.125% Senior Notes Due 2018

FORT WORTH, TEXAS – October 16, 2013 – FTS International Services, LLC (“FTSI Services”), a wholly owned subsidiary of FTS International, Inc., announced today the commencement of a cash tender offer (the “Tender Offer”) for any and all of the outstanding 7.125% Senior Notes due 2018 (the “Notes”) issued by FTSI Services (f/k/a Frac Tech Services, LLC) and FTS International Bonds, Inc. (f/k/a Frac Tech Finance, Inc.) (“FTSI Bonds”) as co-issuer. FTSI Services also announced a concurrent solicitation of consents (the “Consent Solicitation”) to proposed amendments to the terms of the Notes (the “Proposed Amendments”). The Tender Offer and Consent Solicitation are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated October 16, 2013 (the “Offer to Purchase”) and the related Letter of Transmittal and Consent (the “Letter of Transmittal”). Holders of Notes (“Holders”) that validly tender and do not validly withdraw their Notes pursuant to the Tender Offer in accordance with the procedures described in the Offer to Purchase will be deemed to have validly consented to the Proposed Amendments. There is no option to tender Notes without delivering the related consent, and there is no option to consent without tendering Notes. Read More

FTS International Closes Transaction with Fairmount Minerals

FORT WORTH, TEXAS – September 6, 2013 – FTS International (FTSI) announced today that it has closed the sale of substantially all of the assets of its proppant business and related logistics assets to Fairmount Minerals (Fairmount). FTSI also has a long-term proppant supply agreement with Fairmount to provide proppant for FTSI’s well completion customers.Read More

FTS International Named Finalist in 2013 Southwest Oil & Gas Awards

FORT WORTH, Texas – September 6, 2013 – FTS International (FTSI) has been named a finalist in the 2013 Southwest Oil & Gas Awards (www.oilandgasawards.com) in the categories of “Well Completion Company of the Year” and “Future Industry Leader.” FTSI Vice President of Engineering Shawn Stroman was nominated for the Future Industry Leader award.Read More

FTS International Announces Delivery of Subsidiary’s Second Quarter 2013 Report Under Senior Notes Indenture

FORT WORTH, Texas – August 14, 2013 – FTS International (FTSI) announced today that it delivered the quarterly report of FTS International Services (FTSI Services) for the period ended June 30, 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 second 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

FTS International Announces Sale of Proppant/Logistics Assets; Enters into Long-Term Proppant Supply Agreement

FORT WORTH, Texas – July 24, 2013 – FTS International (FTSI) announced today that it has entered into an agreement to sell substantially all of the assets of its proppant business and related logistics assets to Fairmount Minerals (Fairmount). To continue providing our customers with quality well completion services, FTSI and Fairmount are entering into a long-term supply agreement whereby Santrol, a Fairmount Minerals’ company, will supply FTSI’s proppant needs now and in the future. Read More

FTS International names Sharon Stufflebeme as CIO

FORT WORTH, Texas – June 24, 2013 – FTS International (FTSI) today announced the addition of Sharon S. Stufflebeme as its new Chief Information Officer, reporting to Chief Executive Officer (CEO) Greg Lanham. Read More

FTS International and Cabot Oil & Gas Use Natural Gas to Power Equipment for Hydraulic Fracturing

SUSQUEHANNA COUNTY, Pa. – May 20, 2013FTS 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

FTS International Announces Delivery of Subsidiary’s First Quarter Report under Senior Notes Indenture

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

FTS International Employees Support the United Way

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

FTS International Honored for Support of High School Success Initiative

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

FTS International Announces Delivery of Subsidiary’s Annual Report Under Senior Notes Indenture

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

FTS International Wins “Health & Safety Initiative of the Year”

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

FTS International Safety Program Recognized in Oil & Gas Awards

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

FTS International Announces Delivery of Subsidiary’s Third Quarter Report under Senior Notes Indenture

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

FTS International Brazilian Joint Venture to Commence Operations in 2013

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

FTS International Appoints Greg Lanham as CEO as Marc Rowland Retires

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

FTS International to Raise $350 Million of New Equity; Proceeds to Reduce Debt and Strengthen Financial Position

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

FTS International Acquires Wireline Company

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

FTS International Awarded Prestigious Safety Training Accreditation

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

FTS International Announces Extension of Consent Solicitation for its Subsidiary’s 7.125% Senior Notes due 2018

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

FTS International recognized as one of 50 fastest-growing companies in the middle United States

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

FTS International Announces First International Joint Venture

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

FTS International Announces Delivery of Subsidiary’s First Quarter Report under Senior Notes Indenture

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

FTS International Announces Delivery of Subsidiary's Annual Report under Senior Notes Indenture

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

FTS International Announces Delivery of Quarterly Report Under Senior Notes Indenture

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