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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
05/20/201518:32:02Why EOG Resources Is a Buy Amidst Oil Carnage
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201522:41:08
05/15/201521:10:47Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201516:21:53Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201515:53:14Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/12/201516:57:35Aubrey McClendon's American Energy Partners Seeks Capital for...
05/11/201511:40:11Icahn Enterprises Reports Profit
05/11/201510:03:023 Fossil Fuel Stock Fails
05/08/201511:21:00Legal Probe Sends SandRidge Energy Incâs Stock Down 10%
05/07/201509:40:12Icahn Enterprises Reports Profit
05/07/201509:16:28Icahn Enterprises Reports Profit on Lower Expenses
05/06/201515:03:33Chesapeake Energy Swings to Loss on Write-Down -- Update
05/06/201513:20:09SunTrust Downgrades Chesapeake Energy to Neutral (CHK)
05/06/201511:43:08U.S. Stocks Trade Lower
05/06/201510:32:04U.S. Stocks Trade Lower
05/06/201508:30:27Chesapeake Energy Swings to Loss on Write-Down
05/06/201508:12:06Chesapeake Energy Swings to Loss on Write-Down
05/06/201507:00:00Chesapeake Energy Corporation Reports 2015 First Quarter Financial...
05/06/201506:33:47Chesapeake Energy Rating Reiterated by Jefferies Group (CHK)

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