Author: Joshua Mann

The company will fund the deal with a combination of cash on hand and debt.

The company was already dealing with a troubled balance sheet at the start of 2020.

The deal has NRG parting ways with its remaining rooftop solar portfolio.

The new executives worked with Flotek’s CEO at a different company back in the ’90s.

The company’s agreement with creditors requires it to cut its midstream costs.

The conference is now planned for August.

The oil field services sector gained jobs in October, but the whole sector is still down significantly compared to the same month in 2019.

John Terwilliger, who founded the company in 2001, was forced to resign after a settlement with the SEC over allegedly fraudulent statements and omissions. Neither Terwilliger nor the company admitted or denied wrongdoing as part of the settlement.

The company is opening a 348,000-square-foot facility in Longview, Texas.

The judgment would deal with the company as a defendant in the civil case without levying any fines.