Quarterlytics / Energy / Oil & Gas Equipment & Services / Flotek Industries, Inc. / FY2012 Annual Report

Flotek Industries, Inc.
Annual Report 2012

FTK · NYSE Energy
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Ticker FTK
Exchange NYSE
Sector Energy
Industry Oil & Gas Equipment & Services
Employees 142
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FY2012 Annual Report · Flotek Industries, Inc.
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CLIENTS  |  EMPLOYEES  |  SHAREHOLDERS  |  COMMUNITY  |  ENVIRONMENT

Flotek’s vision in 2013 is simple yet powerful: We want to make a 
difference in the lives of everyone we touch.

Flotek’s Technology Portfolio

Flotek’s portfolio consists of three primary technology groups: our Chemical Technologies and related 
Logistics Services; our Drilling Technologies; our Artificial Lift Technologies. Our Chemical Technologies 
add value in the drilling, completion and production stages of oil and gas wells; our Drilling Technologies 
provide solutions during the drilling stage of oil and gas wells; and our Artificial Lift Technologies address 
a number of production challenges for oil and gas companies. Our diverse mix of products and services 
touch every stage of the life cycle of a well. While each technology requires unique technical expertise, 
all of our technologies share a commitment to our vision to provide best-in-class technology, cutting-
edge innovation to address the ever-changing challenges of our customers and exceptional customer 
service.

Chemicals

Our  Chemical  Technologies  focus  on  developing,  manufacturing  and  distributing  a  wide  array  of 
specialty chemicals used  in both the primary and secondary recovery efforts.  Our unique and patented 
chemistries  are  used  in  cementing,  stimulation,  acidizing,  drilling  and  production.  Our  best-in-class 
Complex  Nanofluid™  chemistries  have  been  shown  to  meaningfully  increase  production  and  well 
integrity  in  unconventional  tight  gas  and  oil  formations.  Moreover,  our  advanced  reservoir  modeling 
capabilities  provide  tailored  chemistry  solutions  to  address  clients’  proprietary  completion  and 
production  challenges.  We  also  provide  Logistics  Technologies  which  manage  automated  material 
handling,  loading  facilities  and  blending  capabilities  for  energy  services  companies  and  build  bulk 
storage facilities.

Our Drilling Technologies focus on designing, manufacturing and distributing a diverse inventory of down 
hole-drilling  equipment  with  applications  in  oil  and  gas  drilling  as  well  as  mining,  water  and  industrial 
drilling  applications.  In  addition,  we  provide  directional  drilling  telemetry  services  through  our  best-in-
class Teledrift technologies.

Drilling

Artificial Lift

Our Artificial  Lift  Technologies  are  focused  on  assembling,  distributing,  installing  and  servicing  a  broad 
spectrum of pumping  system components  including electrical submersible pumps (ESPs),  gas  separators 
and  other  services  that  largely  support  coal  bed  methane  (CBM)  production.  In  addition,  our 
Petrovalve™  patented  production  valve  and  components  is  used  by  a  plethora  of  oil  and  gas 
producers in down-hole production assemblies.