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.
Saturday, November 17, 2012
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