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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
03/05/201421:19:31Chesapeake, Encana Charged With Antitrust Violations -- Update
03/05/201419:10:11Chesapeake, Encana Charged With Antitrust Violations
02/28/201410:01:30Chesapeake Energy to Sell $520 Million in Assets to Exterran...
02/26/201415:57:27Chesapeake Energy Swings to Loss -- Update
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/24/201401:57:46Chesapeake Energy Seeks to Spin Off or Sell Oilfield Services...
02/07/201403:07:56Magnolia Petroleum gets Increased Density, Infill Drilling Proposals
02/06/201412:21:56Chesapeake Energy Predicts 2014 Capex Decline
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:10:03Icahn Associates Corp. 3Q 13F: Holdings As Of Sep 30
11/15/201308:10:03Icahn Associates Corp. 3Q 13F: Largest Purchases
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-

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