Saturday, November 17, 2012

What a difference a year makes...

Just last November, Frac Tech made the news for a lawsuit and a Fort Worth abatement

This November it's for a $21 million dollar loss.  See the blurb in the Fort Worth Star-Telegram.

FTS said that it billed oil and gas producers for 4,420 hydraulic fracturing stages, down 8 percent from 2011, and that average revenue per stage fell 26 percent to $98,000.

The company has $551 million in long-term debt.


Good investment, or bad business? 

Keep it classy, Fort Worth.




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