Positioning the Business for Greater Resiliency
We hosted a fireside chat with President Ryan Ezell and CFO Bond Clement on April 20. Our discussion touched on management's efforts to streamline Flotek's operational and organizational structure to position the company to generate positive adjusted EBITDA. Flotek is three quarters into ramping up its ability to service a 10-year chemistry supply agreement signed in February 2022 with ProFrac, one of the largest providers of hydraulic fracturing services to the US oil and natural gas industry...Flotek Industries is a global, technology-driven company. The company's operating segment is Energy Chemistry Technologies, which designs, develops, manufactures, packages, distributes, delivers, and markets reservoir-centric fluid systems, including chemistries, for use in oil and gas well drilling, cementing, completion, remediation, and stimulation activities. This segment has a research laboratory and technical services laboratories that focus on design improvements, development and viability testing of new chemistry formulations, and continued improvement of existing products. The company's flagship patented chemistry technologies include Complex nano-Fluid?, Pressure reducing Fluids?, and MicroSolv?.
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