This Day On The Street
Continue to site
ADVERTISEMENT
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

Flotek Industries Announces Appointment Of Amerr Mahgoub As Vice President, Middle East Business Development; Closing Of SiteLark, LLC Acquisition

HOUSTON, April 15, 2014 /PRNewswire/ --  Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it has appointed Amerr Mahgoub as Vice President, Middle East Business Development.

As the leader of Flotek's Middle Eastern business development and marketing team, Mahgoub will focus on development of new and existing markets for Flotek, including the development of markets served by the Flotek-Gulf Energy joint venture based in the Sultanate of Oman and the Company's relationship with Saudi Aramco.

Mahgoub is a 25-year oilfield veteran, two decades of which have been spent in the Middle East and Africa. Upon completing his petroleum engineering degree at Louisiana Tech University, Mahgoub joined Schlumberger as a field engineer. He remained with Schlumberger his entire career, assuming greater responsibility over time concluding his tenure as a key relationship manager between Schlumberger and Saudi Aramco.

"We are delighted to have someone of Amerr's stature and experience join the Flotek team as we build a world class team in the Eastern Hemisphere," said John Chisholm, Chairman, President and Chief Executive Officer of Flotek. "Amerr's experience in the region combined with deep relationships with key customers will service Flotek well as we work to build relationships and introduce our brand of innovative oilfield technologies to these important markets. Already Amerr has had an impact with key relationships, opening doors more rapidly than they would otherwise have opened and creating opportunities to penetrate markets that would have been elusive without his contacts and expertise."

Mahgoub will be based in Saudi Arabia and spend considerable time in Oman as Flotek continues the development of its joint venture with Tasneea and Gulf Energy.

Site Lark Acquisition Closes

Flotek also announced that it has closed the previously announced acquisition of SiteLark, LLC, a leading provider of quality reservoir engineering and modelling services for a variety of hydrocarbon applications.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs