OFS - Analyst Notes - May 14, 2019Flotek Industries (NYSE: FTX; $3.33-May 9; Neutral)FTK continues to fundamentally reshape its business with the recent divestiture of
the CICT business, intense focus on operational improvements to the now standalone
Energy segment, and new capital committee. We think the capital committee’s
decision to restrict capital spending in order to preserve cash while it focuses
on improving margins is the right move due to the significant amount of time a
turnaround may take. The focus on...
May 14, 2019
People & Companies - July 31, 2018Lime rock partners, a private
equity investor in oilfield service and
E&Ps, promoted J McLane to chief
investment officer. McLane joined Lime
Rock at its inception in 1998 and was
named co-chairman of the Lime Rock
Partners investment committee in 2014. Compression services business
Archrock Inc. appointed Douglas Aron as
SVP and CFO, effective Aug. 13. Aron was
EVO and CFO of HollyFrontier Corp. from
July 2011 to March 2017 and most recently
served as EVP and CFO of Nine Energy
Service...
Jul 31, 2018
People & Companies - April 12, 2018Gulfport Energy Corp. named
Deborah Adams to the company’s board.
Adams was SVP, Health and Safety, Projects
and Procurement, with Phillips 66
from May 2014 until her retirement
in October 2016. Prior to that, she
was President of Transportation for Phillips
66 and ConocoPhillips. In 2005, she served
as general manager and Chief Procurement
Officer for ConocoPhillips. HighPoint Resources. expanded its
board from 6 to 11 members and added the
following new members: Mark Berg, EVP
and...
Apr 12, 2018
Flotek Industries putting non-core segments up for saleFlotek Industries Inc. plans to divest its drilling technologies and production technologies segments in what the company called a strategic move to focus on energy chemistry and consumer and industrial chemistry. The Houston-based chemical applications company discontinued both segments on Dec. 31 and has hired an unidentified financial advisor to assist with the spin-off.“Our expectation is to by the end of the first quarter, early the second quarter, have a resolution that is...
Feb 28, 2017
Who’s Hot/Who’s Not - April 16, 2015Analysts’ view on select stocks Key: Ticker/Current Price/52-Week Low/52-Week High/Market Cap Upgrades: • MRC Global (MRC/$14.75/$10.20/$29.67/$1.49B) from Sell to Hold by TheStreet Ratings. • Transocean (RIG/$17.15/$13.28/$46.12/$6.5B) from Reduce to Neutral by Global Hunter Securities. • Weatherford (WFT/$13.94/$9.40/$24.88/$10.79B) from Sector Perform to Outperform by RBC Capital. New Coverage: • Ocean Rig UDW (ORIG/$7.05/$5.91/$19.97/$944.95M) at...
Apr 16, 2015
What the Analysts are Saying About - February 13, 2015Flotek Industries Inc. (NYSE: FTK; $15.52; Accumulate; $17.00 PT). Q4 Update: Reiterate Accumulate on beneficial positioning despite pressures. We are reducing our 2015 EPS estimate and price target although retaining an Accumulate rating. We believe that FTK's focus on completion chemistries that enhance well production and thereby E&P cash flows will help mitigate the severity of the declines affecting other NAM-levered service companies. FTK is entering this uncertain period from a position...
Feb 13, 2015
CM- People Briefs - January 04, 2019CorEnergy infrastructure Trust, Inc.
named its president and CEO David Schulte
executive chairman, succeeding Richard
Green, who resigned effective Jan. 1. Energy-focused private equity group
First Reserve promoted Paul Steen to
director from VP, effective Jan. 1. Steen
has been with the group since 2011. Alta Mesa Resources, Inc.
announced that Harlan H. Chappelle,
president and CEO, and Michael E. Ellis, VP
and COO-Upstream, resigned effective Dec.
26 from those positions and...
Jan 04, 2019
People Briefs - May 12, 2014• Anna Lentz resigned as CFO at Bayshore Petroleum. She remains the owner of Brava CFO Services Inc. and CFO for Imaging Dynamics Company Ltd.• Berkana Resources Corporation announced David F. Moore as the company's Senior SCADA Security Architect. Previous to joining Berkana Moore worked as a technical specialist for the Shell Pipeline Control Center.• C&J Energy Services completed the move into its new Houston corporate office at 3990 Rogerdale near the Westpark and Sam...
May 12, 2014
People Briefs - May 01, 2014• Petra Petroleum Inc. appointed Pete Hughes as VP of corporate development. Hughes has over 40 years of international petroleum industry experience including 18 year in a variety of senior commercial and management roles with Texaco. His most recent position was as an advisor to Wintershall's global business unit.• Naftogaz appointed Andriy Kobolev as CEO. The 35 year previously was employed in corporate finance and pricing policy departments with PricewaterhouseCoopers before joining...
May 01, 2014
People Briefs - April 25, 2014• Bayshore Petroleum Corp. announced that Anna Lentz resigned from her position as CFO to pursue other personal and career interests after almost three years with the company. Lentz still currently remains the owner of Brava CFO Services Inc. and as the CFO for Imaging Dynamics Company Ltd.• Cairn Energy's deputy chief executive Mike Watts and CFO Jann Brown have parted ways with the company. As a result, Cairn appointed Rothschild's former director of energy and power as its financial...
Apr 25, 2014
People Briefs - October 10, 2012• CARBO Ceramics has appointed Don P. Conkle as vice-president, marketing and sales.• Cdn Oilfield Technologies & Solutions Corp. has changed its name to Canadian Oilfield Solutions Corp. and appointed Ken Berg to its board of directors.• Cordy Oilfield Services Inc. announced the departure of CFO Matthew Braaten, C.A. David J. Boomer, C.A. has been appointed to replace him.• Flotek Industries announced the departure of executive vicepresident Jesse Neyman.•...
Oct 10, 2012
People Briefs - September 28, 2012• Acorn Energy Inc. has appointed Mannie L. Jackson to its board of directors.• Audubon Engineering has promoted Mark Roberts from vicepresident, Houston Onshore, to executive vice-president, operations.• Black Ridge Oil & Gas Inc. has appointed Joseph Lahti to its board of directors.• Blueknight Energy Partners LP announced the departure of CEO James Dyer. Mark Hurley has been appointed to replace him.• CVR Energy Inc. has appointed Angela J. Dasbach as vice-president,...
Sep 28, 2012
People Briefs - April 04, 2012• Expro International Group Ltd. appointed Sir George Buckley as chairman.• Flotek Industries Inc. has appointed John Chisholm as CEO, in addition to his current roles as president and chairman.• Labrador Technologies Inc. has appointed John Redfern to its board of directors, as non-executive chairman. Robert Winsloe has been appointed as vice-president, international marketing. Neil Bothwell has been appointed as CFO, replacing...
Apr 04, 2012
People Briefs - November 18, 2010Regency Energy Partners LP announced a number of executive changes: company director Michael J. Bradley will become president and CEO effective November 22, replacing retiring Byron Kelley; fellow Matrix Service Company alumnus Thomas E. Long will become executive vice president and CFO effective December 1; Jim Holotik joins from Energy Transfer Partners, LP, as executive vice president and chief commercial officer; Shannon A. Ming was promoted to senior vice president of finance and investor...
Nov 18, 2010
People Briefs - December 05, 2008American Exploration Corp. appointed Steven C. Harding as president, CEO and director, and Dev Randhawa as chairman. Harding joins from EnCana, where he served as VP.
Best Energy Services elected Mark Harrington as chairman and appointed Robert Sternenberg as interim CFO.
Blue Square Energy named Joseph Babin as president and CEO. Babin previously served as the company's COO.
Daybreak Oil and Gas named James Westmoreland as president and CEO. Westmoreland will also continue as the...
Dec 05, 2008