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FTS International To Form Saudi Arabia Joint Venture With Summit Technologies

HOUSTON -(Dow Jones)- Oilfield services company FTS International said Friday it has agreed to establish its first international joint venture with a Saudi Arabian company to provide services in that country and Oman. U.S.-based FTS International, which is led by a former Chesapeake Energy Corp. (CHK) executive, will team up with Summit Technologies Co. to form FTS Arabia. The joint venture will provide well completion services for onshore conventional and unconventional fields. Chesapeake owns 30% of FTS International. The company, formerly known as Frac Tech Services, registered for an initial public offering last fall but hasn't yet priced or sold shares. - By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
07/14/201616:00:00Chesapeake Energy Corporation Provides 2016 Second Quarter Earnings...
07/12/201613:40:00Permian Resources Draws Strong Interest From Debt Investors
07/08/201613:24:00Dick's Sporting Goods Seeks Court Approval to Buy Sports Authority...
07/01/201616:35:00North Texas Royalty Buyers and Investors Sue Chesapeake Energy...
06/26/201620:40:00Williams Cos. Fights to Save Deal
06/08/201613:44:00Crash That Killed Aubrey McClendon Was Accident -- 2nd Update
06/08/201613:05:00Crash That Killed Aubrey McClendon Was Accident -- Update
06/08/201613:00:00Crash That Killed Aubrey McClendon Was Accident
06/08/201612:35:00Crash That Killed Aubrey McClendon Was Accident
06/07/201614:30:00Seventy Seven Energy Files for Bankruptcy
05/18/201621:57:00American Energy Partners LP to Shut Down -- Update
05/16/201618:55:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/16/201615:08:00SandRidge Energy Files for Bankruptcy Protection -- 2nd Update
05/12/201616:27:00Chesapeake Swaps Debt for Stock -- Update
05/12/201610:30:00Chesapeake Swaps Debt for Stock
05/12/201610:15:00Chesapeake Energy Swaps Debt for Stock
05/06/201603:03:00Energy Producer Narrows Its Loss -- WSJ
05/05/201610:10:00Chesapeake Energy Loss Narrows
05/05/201609:58:00Chesapeake Energy Loss Narrows; to Sell Some Assets
05/05/201608:18:00Newfield to acquire an additional 42,000 net acres in STACK

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