Forum Energy Technologies, Inc. (NYSE:FET)

Friday, April 27, 2012 | Web News
Liquidity Needs Our internal sources of liquidity are cash on hand and cash flows from operations, while our primary external sources include our senior secured credit facility described...
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Forum Energy Technologies, Inc. provides manufactured technologies and applied products to the energy industry. Its Drilling and Subsea segment designs, manufactures, and provides products and related services to the drilling and intervention sectors, as well as to the subsea services and construction sectors. This segment offers subsea capital equipment, components and tooling, and products for subsea pipelines, as well as subsea technical services and rental items; and downhole products for the well construction and production enhancement markets, such as proprietary Davis-Lynch cementing and casing tools, including float equipment, stage tools, and inflatable packers, as well as Cannon downhole protection solutions for permanent gauges, sub surface safety valve control lines, electrical submersible pump cabling, and other downhole control lines and flatpacks. It also provides drilling consumables and capital equipment, such as powered and manual tubular handling equipment, torque equipment, customized offline crane systems, drilling data acquisition management systems, pumps, valves, manifolds, drilling fluid-end components, and pressure control equipment for both coiled tubing and wireline well intervention operations. The company’s Production and Infrastructure segment designs, manufactures, and provides products and services related to the well stimulation, completion, production, and infrastructure markets. It offers surface process and pipeline equipment, including separators, packaged production systems, tanks, pressure vessels, skidded vessels with gas measurement, modular process plants, headers, and manifolds; specialty pipeline construction equipment; a range of valves; and surface completion and flow equipment, as well as aftermarket services. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. is headquartered in Houston, Texas.

Web site: http://www.f-e-t.com

Last updated April 27, 2012


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