Forbes Energy Services Ltd.
| Nasdaq: FES
Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies. The company operates through two segments: Well Servicing and Fluid Logistics. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of down-hole production equipment; well workovers, including down hole repairs, re-completions and re-perforations; completion and swabbing activities; and plugging and abandoning services. The Fluid Logistics segment owns or leases 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. These assets are used to provide, transport, store, and dispose of a variety of drilling and produced fluids used in, and generated by, oil and natural gas production. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.