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Latest Flotek Industries Inc. Stories

2012-12-31 08:20:33

HOUSTON, Dec. 31, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek" or the "Company") announced today that it has entered into transactions to repurchase approximately $50 million of the Company's outstanding convertible notes from existing holders. The transactions, privately negotiated, provide for the Company to repurchase $50.312 million of the outstanding notes from institutional holders for an average of approximately 100.59% of par value plus accrued interest. The...

2012-12-28 08:20:19

HOUSTON, Dec. 28, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek" or the "Company") today announced that it has entered into an Amendment to its current credit facility with PNC Bank ("PNC") that, among other terms, expands the size and extends the term of the facility, providing capital to refinance its outstanding convertible notes and reduce the cost of its current borrowings. In total, the revised facility will provide Flotek with $75 million in borrowing capacity....

2012-12-17 08:21:24

HOUSTON, Dec. 17, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek" or the "Company") today announced that it has entered into an Amendment to its current credit facility with PNC Bank ("PNC") that, among other terms, extends the maturity to January 31, 2013 and allows the Company to repurchase up to $40 million of its outstanding convertible notes. In addition, the Company announced that it has reached an agreement in principle on a permanent restatement and extension of...

2012-11-12 08:22:39

HOUSTON, Nov. 12, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK - News) ("Flotek" or the "Company") today announced that the Company's Board of Directors has authorized the repurchase of up to $25 million of Flotek common stock. Repurchases under Flotek's new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant...

2012-11-12 08:22:35

HOUSTON, Nov. 12, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek" or the "Company") today honors those members of the Flotek family that have served in our Country. Flotek team members that have served our nation include: Jeff Alexander, Howard Atwood, Donald Brewer, Jared Crouse, Larry Gaines, Chris Gonzales, Joe Graham, Jim Harkins, Rick Johnson, Quincy Langford, Alert Maryott, Lupe Padilla, Jerry Perales, John Reiland, Hector Reina, Mike Segall, Russell Thompson, Matt...

2012-11-07 20:22:14

In the news release, Flotek Industries, Inc. Announces Third Quarter 2012 Results, Provides Financial and Operational Update, Reaffirms Conference Call Details, issued 07-Nov-2012 by Flotek Industries, Inc. over PR Newswire, the first paragraph of the Conference Call Details section should read "Flotek will host a conference call on Thursday, November 8, 2012 at 7:30 a.m. Central Standard Time to discuss its operating results for the three months ended September 30, 2012." rather than "Flotek...

2012-11-07 20:21:58

HOUSTON, Nov. 7, 2012 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) ("Flotek" or the "Company") today announced results for the three months ending September 30, 2012. As reported on Form 10-Q filed with the U.S. Securities and Exchange Commission, Flotek reported that revenue for the three months ended September 30, 2012 was $78.6 million, an increase of $3.5 million, or 4.7%, compared to $75.1 million for the same period in 2011. Revenue increased in the Chemical and Drilling...

2012-10-31 07:22:06

HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (FTK) will host a conference call on Thursday, November 8, 2012, at 7:30 a.m. Central Time to discuss its operating results for the quarter ended September 30, 2012. Flotek intends to provide dial-in information through a press release on November 7, 2012. Flotek plans to file its 10-Q after the market close on November 7, 2012. In addition, the Company will provide additional details regarding...

2012-10-02 02:23:17

HOUSTON, Oct. 2, 2012 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") today announced, in conjunction with its 2012 Investor and Analyst Days that it is introducing CnF® 2.0, the next-generation of patented Complex Nanofluids to further enhance oil and natural gas production. "CnF 2.0 is a revolutionary breakthrough of our Complex Nanofluid technology that will not only further optimize production from oil and gas reservoirs but also dramatically reduces the...

2012-09-26 02:22:26

HOUSTON, Sept. 26, 2012 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") today announced that it will host institutional investors and securities analysts for a three-day tutorial on Flotek products and services October 1-3, 2012 in Houston and Oklahoma City. During the investor days Flotek will discuss a number of key initiatives for the balance of 2012 and the coming year including advances in its patented Complex Nano-Fluid, or CnF(TM), suite of oilfield chemistries,...