Forbes Energy Services Ltd. (FESL)


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, primarily onshore in Texas and Pennsylvania. The Company reports in two main business lines: • Well Servicing & Coil Tubing- Well servicing is comprised of production maintenance work on producing wells using work over rigs. The Coil Tubing segment is comprised primarily of completion work on drilled but uncompleted wells using coil tubing units. • Fluid Logistics- The fluid logistics segment is comprised of sourcing, hauling, storing, and disposing of fluids used in the drilling, completion, or production phases of the well life cycle.