Forbes Energy Services FLSS · USD

Its shares trade under the ticker FLSS. It has been listed since 17 May 2017. In the fiscal year to 31 December 2019, it reported revenue of $188.4m and a net loss of $68.4m. At that date it held total assets of $190.3m and shareholders' equity of $24.0m.

Forbes Energy Services Ltd. engages in the provision of drilling-related and production-related services to oil and natural gas companies. The company is headquartered in Alice, Texas. The company went IPO on 2017-05-17. The firm is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to develop the production of oil and natural gas. The firm's segments are Well Servicing and Fluid Logistics. Its services include fluid disposal and well maintenance. The firm's Well Servicing segment provides an offering of well services to oil and natural gas companies, including completions of drilled oil and natural gas wells, wellbore maintenance, workovers and recompletions, tubing testing, and plugging and abandonment services. Its Fluid Logistics segment provides a range of oilfield fluid sales, transportation, storage and disposal services that are required on workover, drilling and completion projects, and are used in daily operation of producing wells by oil and natural gas producers. The company operates approximately six coiled tubing spreads.

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