Forbes Energy Services Ltd (NASDAQ:FES)

5.56
Data as of 1:24pm ET
 +0.17 / +3.15%
Today’s Change
2.93
Today|||52-Week Range
5.75
+70.03%
Year-to-Date
SECTOR
Industrial Services
INDUSTRY
Contract Drilling
MARKET CAP
$117.0M

Company Description

Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies. The company operates through two segments: Well Servicing and Fluid Logistics. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of down-hole production equipment; well workovers, including down hole repairs, re-completions and re-perforations; completion and swabbing activities; and plugging and abandoning services. The Fluid Logistics segment owns or leases fluid transport trucks and related assets, including specialized vacuum, high-pressure pump and tank trucks, frac tanks, water wells, salt water disposal wells and facilities, and related equipment. These assets are used to provide, transport, store, and dispose of a variety of drilling and produced fluids used in, and generated by, oil and natural gas production. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

Contact Information

Forbes Energy Services Ltd.
3000 South Business Highway 281
Alice Texas 78332
P:(361) 664-5020
Investor Relations:
(214) 987-4121

Employees

Shareholders

Mutual fund holders7.42%
Individual stakeholders54.98%
Other institutional32.42%

Top Executives

John E. CrispChairman, President & Chief Executive Officer
Charles C. ForbesChief Operating Officer, Director & Executive VP
L. Melvin CooperChief Financial Officer, Senior VP & Secretary
Casey StegmanHead-Investor Relations

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