Flotek Industries, Inc. develops and supplies chemistry and services to the oil and gas industries in the United States and internationally. It operates through two segments, Energy Chemistry Technologies; and Consumer and Industrial Chemistry Technologies. The Energy Chemistry Technologies segment is involved in the design, development, manufacture, packaging, and marketing of chemistries under the Complex nano-Fluid brand name for use in oil and gas well drilling, cementing, completion, stimulation, and production activities, as well as for use in enhanced and improved oil recovery markets. This segment also constructs and manages automated material handling facilities; and manages loading facilities and blending operations for oilfield service companies. The Consumer and Industrial Chemistry Technologies segment designs, develops, and manufactures citrus oils for food and beverage companies, fragrance companies, and companies providing household and industrial cleaning products. It serves oil and natural gas, oilfield service, pressure pumping service, international supply chain management, and cosmetic companies. Flotek Industries, Inc. is headquartered in Houston, Texas.
Questions about whether the cement mixture Halliburton used to seal the well was up to standards has been a recurring theme, in line with what investigators with the national Oil Spill Commission, the seven-member panel appointed by President Barack Obama, found in 2010. The mixture had failed multiple tests in the weeks leading up to the disaster, according to the commission's findings.
Before the drilling started, two cars a day traveled down Schilke’s gravel road. Now, it’s 300 trucks hauling sand, fresh water, wastewater, chemicals, drill cuttings and drilling equipment. Most of the tankers are placarded for hazardous or radioactive material. Drilling and fracking a single well requires 2,000 truck trips, and each pass of a vehicle sends a cyclone of dust and exhaust fumes into the air. Mailbox numbers are obliterated, conversations are choked off, and animals die of “dust pneumonia.” (More formally known as bovine respiratory disease, the illness is associated with viral, fungal and bacterial infection.)
Global Nanocellulose Market size was estimated over USD 87.5 million in 2016 and will exhibit growth of over 33.9% up to 2024. North America hold a significant share close to 40% in the global nanocellulose market owing to the technological advancements in this region. The region is said to exhibit a highest growth rate in the forecast period owing to the technological pace and industrial development.
Within days of starting the war, Saudi Arabia imposed a total land, air and sea blockade, along with targeting vital agriculture and food supply infrastructure that sustains life for the 29 million Yemenis — all of which constitute war crimes under international law.
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Flotek Industries has a beta of 1.54, suggesting that its share price is 54% more volatile than the S&P 500. Comparatively, GlyEco has a beta of 1.18, suggesting that its share price is 18% more volatile than the S&P 500.
Schilke’s story reminds us that farmers need clean water, clean air and clean soil to produce healthful food. But as the largest private landholders in shale areas across the nation, farmers are disproportionately being approached by energy companies eager to extract oil and gas from beneath their properties. Already, some are regretting it.
This table compares Flotek Industries and HighCom Global Security’s top-line revenue, earnings per share (EPS) and valuation.
No one doubts that fracking fluids have the potential to do serious harm. Theo Colborn, an environmental health analyst and former director of the World Wildlife Fund’s wildlife and contaminants program, identified 632 chemicals used in natural-gas production. More than 75 percent of them, she said, could affect sensory organs and the respiratory and gastrointestinal systems; 40 to 50 percent have potential impacts on the kidneys and on the nervous, immune and cardiovascular systems; 37 percent act on the hormone system; and 25 percent are linked with cancer or mutations.
Key industry players in the fragmented carboxymethyl cellulose market have been: Ashland, Nippon Paper Industries, USK Kimya A.S., Daicel Corporation, Patel Industries, Qingdao Tianya Chemical Co. Ltd., etc.
Oil producers have drilled an average of 5,316 wells per year in the Permian over the past five years, but have only completed an average of 4,620 wells per year. If all drilling suddenly ceased in the Permian, there is nearly a year's worth of drilled inventory that still needs to be completed. That's a lot of oil waiting to be extracted.
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