Forbes Energy Services overview

Forbes Energy Services Ltd., an independent oilfield services contractor, provides a range of well site services for oil and natural gas drilling and producing companies to develop and enhance the production of oil and natural gas in the United States. The company operates in two segments, Well Servicing and Fluid Logistics. The Well Servicing segment offers well maintenance services, including remedial repairs, and removal and replacement of downhole production equipment; well workovers, such as downhole repairs, re-completions, and re-perforations; completion and swabbing services; plugging and abandoning services; and pitting and wall thickness testing services for oil and natural gas production tubing and scanning tubing. As of December 31, 2016, it utilized a fleet of 173 owned well servicing rigs comprising 159 workover rigs and 14 swabbing rigs; 6 coiled tubing spreads; and other related assets and equipment. The Fluid Logistics segment provides, transports, stores, and disposes various drilling and produced fluids used in oil and natural gas production. This segment is involved in fluid hauling activities; the disposal of salt water, and incidental non-hazardous oil and natural gas wastes produced from oil and natural gas wells; rental of fluid storage tanks for use by oilfield operators to store various fluids at wellsites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells. As of December 31, 2016, it owned or leased 431 fluid service vacuum trucks, trailers, and other hauling trucks; operated 20 disposal wells; and owned a fleet of 2,908 fluid storage tanks. The company has operations in the onshore oil and natural gas producing regions of Texas, as well as in Pennsylvania. Forbes Energy Services Ltd. is headquartered in Alice, Texas.
Forbes Energy Services is a medium energy company with 825 employees and an annual revenue of $114.5M that is headquartered in Texas.

The Organization’s Mission

Provide an integrated oilfield services delivery system that succeeds in a changing energy environment.

Industry

Energy

Revenue

$114.5M

Employees

825

Founded in

-

Headquarters

Alice, TX

Website

forbesenergyservices.com

Organization Type

Public

Is This Your Company?

The team at Forbes Energy Services

Key People
  • Travis Burris (Director)
  • Charles Forbes (Executive Officer, Director, Promoter)
  • John Crisp (Executive Officer, Director, Promoter)
  • Dale Bossert (Director)
  • Melvin Cooper (Executive Officer)
  • Janet Forbes (Director, Promoter)
  • William Sherrill (Director)

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Forbes Energy Services careers

On average, employees at Forbes Energy Services stay with the company for 1.6 years. Employees most commonly join Forbes Energy Services after leaving Halliburton.

Average Length of Employment

Forbes Energy Services

1.6 years
Top Employers Before Forbes Energy Services
STEC8.0 %
AT&T6.0 %
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Forbes Energy Services Financial Performance

7.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

-

Organization type

Public

Forbes Energy Services Financing Rounds

DateAmountSecurity Type
Jun 11, 2010Equity
Jun 11, 2010
$4,646,400
$4,646,400
Equity
Equity
Jan 6, 2010Equity
Jan 6, 2010
$3,995,522
$3,995,522
Equity
Equity
Nov 3, 2008Equity
Nov 3, 2008
$30,000,000
$30,000,000
Equity
Equity

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Forbes Energy Services Competitors

Frequently Asked Questions about Forbes Energy Services

How many Employees does Forbes Energy Services have?

Forbes Energy Services has 825 employees.

How much money does Forbes Energy Services make?

Forbes Energy Services generates $114.5M in revenue.

What industry is Forbes Energy Services in?

Forbes Energy Services is in the energy industry.

What is Forbes Energy Services's mission?

Forbes Energy Services's mission statement is "Provide an integrated oilfield services delivery system that succeeds in a changing energy environment."

What type of company is Forbes Energy Services?

Forbes Energy Services is a public company.

Who are Forbes Energy Services's competitors?

Forbes Energy Services competitors include Great White Energy Services, C&J Energy Services, Warrior Energy Services, Sanjel Energy Services, Allis-Chalmers Energy, Key Energy Services, Precision Drilling, Texas Energy Holdings, Union Drilling, Nuverra Environmental Solutions, Ensign United State Drilling, Hercules Offshore, Pinnergy, Pioneer Energy Services, ProPetro Holding, Oil States Energy SERV, Patterson-UTI, Pioneer Natural Resources, Helmerich & Payne, Nabors Industries.

Who works at Forbes Energy Services?

Travis Burris (Director)

Charles Forbes (Executive Officer, Director, Promoter)

John Crisp (Executive Officer, Director, Promoter)

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Where is Forbes Energy Services's headquarters?

Forbes Energy Services's headquarters is in Alice, TX.

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