This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Flotek Industries Announces Flotek Gulf Participation In OGWA 2014 Exhibition In Sultanate Of Oman; Pending Retirement Of Kevin Fisher

Stocks in this article: FTK

HOUSTON, March 18, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that its Middle East joint venture, Flotek Gulf, will exhibit at the OGWA Exhibition and Conference in Muscat, Sultanate of Oman, March 31-April 2, 2014.

The biannual conference is one of the largest gatherings of oil and gas professionals across the Middle East and Africa, with exhibitors and attendees from over 20 countries.  Lead sponsors and supporters include BP; Gulf Energy, Flotek's partner in Oman; and the U.S. Embassy in the Sultanate. Flotek Gulf will be exhibiting its specialty chemistry capabilities for both primary completion and production as well as Enhanced Oil Recovery to company executives and engineers throughout the region.

The exhibition is held in conjunction with the Society of Petroleum Engineers Enhanced Oil Recovery conference. The conference will bring together global experts in all forms of EOR techniques to present, share and discuss their ideas, initiatives, and findings. It will cover the latest advances in thermal gas and chemical EOR methods, EOR selection criteria, surveillance techniques for locating remaining oil, challenges in implementing EOR, and more.

"Flotek is delighted to have this stage to introduce our new joint venture with Gulf Energy and Tasneea Oil & Gas Technologies – Flotek Gulf – to the region at one of the most impactful trade gatherings of the year," said John Chisholm, Flotek Chairman, President and Chief Executive Officer. "With over 10,000 visitors expected to the exhibition and conference, this is a terrific way for Flotek Gulf to meet key players in the region. In Oman alone, the industry comprises over 48% of the Sultanate's Gross Domestic Product with over $28 billion of total revenue coming from the oil and gas industry. We look forward to building a durable presence in Oman and beyond that can capture a meaningful portion of that opportunity."

Chisholm added, "While we continue to work toward permanent facilities in Oman, we are already having an impact as our international sales continue to accelerate. Moreover, our continued growth in Enhanced Oil Recovery is yielding results in the region, from work in the United Arab Emirates to, most recently, opportunities to propose innovative solutions for EOR projects in Oman. The SPE conference, in conjunction with OGWA, provides another avenue to showcase our EOR capabilities to global EOR decision makers."

The Exhibition and Conference will be held at the Oman International Exhibition Centre in Muscat March 31-April 2, 2014. More information can be found at

Pending Retirement of Kevin Fisher

Flotek also announced that Kevin Fisher, Executive Vice President of Business Development has announced he will retire from Flotek. Kevin will relocate to Colorado to be closer to family and pursue various personal and professional interests.

Mr. Fisher will resign as an officer of Flotek effective today but will remain an employee of Flotek until the end of April at which time he will become a consultant, without additional compensation, to the Company through the end of 2014. The current technical and sales and marketing teams will assume Kevin's responsibilities.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs