Q. What is the official name of your company?
A. CESI Chemical, Inc.
Q. Is your firm a subsidiary or affiliate of other companies?
A. CESI Chemical Inc. is a Flotek Industries Inc. company. Flotek Industries Inc. is a diversified global supplier of drilling-and production-related products and services to the energy and mining industries. Flotek is headquartered in Houston. FLOTEK was originally incorporated under the laws of the Province of British Columbia on May 17, 1985. On October 23, 2001, we approved a change in our corporate domicile to the state of Delaware and a reverse stock split of 120 to 1. On October 31, 2001, we completed a reverse merger with CESI Chemical, Inc.
Q. What do you most want people to know about your company?
A. Our patented environmental Complex nano-Fluid™ technology provides improved economics for the oil and gas operator by lowering the interfacial surface tension and improving the conductivity of the frac process, thus increasing production.
Q. Where is your company located?
A. We manufacture in Marlow, Oklahoma. Research & Development is located in Houston, Texas.
Q. How do your people make a difference in your company?
A. Among our manufacturing and R&D personnel, we have literally hundreds of years of combined expertise in our industry, many employees having begun their industry experience in the early 1980’s.
Q. What is your company’s primary business activity?
A. Stimulation, Drilling, Cementing, Production and IOR Chemicals and Technology
Q. Are there important projects the company is currently a part of or has done recently?
A. Expanded Research and Manufacturing facilities.
Q. Is your company expanding any of its operations or locations?
A. New Joint Venture in Oman to construct an advanced oilfield chemistry production facility and create a state-of-the-art research and development organization to address the growing need for advanced oilfield chemistry and analysis in the Middle East and North Africa. Under the terms of the Agreement, Flotek will own 60 percent of two new Omani-registered limited liability companies: the first, a chemical production company that plans to construct a production facility – with capabilities similar to the Company’s current facility in Marlow, Oklahoma; and the second, a research and development laboratory that will focus on the application of Flotek’s leading oilfield chemistries to the challenges of drilling, completion and production in the Middle East and North Africa. Flotek and Gulf Energy will jointly market the products and services of the Company along with Flotek’s international marketing partner, Basin Supply Company.
Q. What is your company’s main strength or its edge over the competition?
A. Patented Complex nano-Fluid™ Chemical Technology
Q. What new markets, clients or projects did your company attract in the last year?
A. Attracted enhanced oil recovery, near well bore technology.
Q. What do you see as your company’s biggest challenge in the next five years?
A. International expansion, acquiring qualified personal and patented product development.
Q. What is your company’s safety record? What steps does the company take to ensure a safe work environment?
A. Eighteen months and counting- no recordable OSHA reported incidents.
CESI operates from a comprehensive compliance program that consistently exceeds regulatory requirements.
Q. Has your company been involved in any community projects or charity events?
A. Toys for Tots, through our annual Toy for Tots Breakfast, we gathers toys each December to bring some happiness to needy children in the Houston area; Wreaths Across America, a non-profit organization dedicated to honoring and thanking our veterans for their service and sacrifice; Dallas Casa; Red Cross; St. Jude’s Children Hospital; and sponsoring local under privileged athletic teams, as well as, other local charity work.
Q. What is the address of your company’s Web site?
A. www.flotekind.com
