Forbes Energy Services Ltd. Stock Analysis FLSS

Forbes Energy Services Ltd. engages in the provision of drilling-related and production-related services to oil and natural gas companies. The company is headquartered in Alice, Texas and currently employs 786 full-time employees. The company went IPO on 2017-05-17. The firm provides a range of well site services to oil and natural gas drilling and producing companies. The company operates through three segments. The well servicing segment utilizes a fleet of well servicing rigs, which is comprised of workover rigs, swabbing rigs, and other related assets and equipment. The coiled tubing segment utilizes its fleet of coiled tubing units to provide a range of services accomplishing a variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The fluid logistics segment utilizes a fleet of fluid transport trucks and related assets, including specialized vacuum, high-pressure pump and tank trucks, frac tanks, water wells, salt-water disposal wells and facilities, and related equipment.