82 F
Fort Worth
Tuesday, October 20, 2020
Business FTS International completes J-W Wireline acquisition

FTS International completes J-W Wireline acquisition

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

A. Lee Graham


FTS International Inc. has acquired J-W Wireline Co., closing an acquisition that boosts Fort Worth-based FTS’ wireline capacity more than tenfold.

The deal also extends FTS’ wireline service to all locations where it offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica and Haynesville shales; and various mid-continent plays.


“This acquisition provides us several key opportunities,” said FTS CEO Greg Lanham in a news release.


“Partnering the acquired wireline units with our existing stimulation fleets will allow us to reduce wireline-related downtime for our customers while increasing the utilization of our equipment,” Lanham said.


Acquiring substantially all assets of J-W Wireline, one of the nation’s largest independent cased-hole wireline companies, provides a national wireline footprint to FTS’ North American well-stimulation fleet, which has more than 1.6 million hydraulic horsepower. 


Customers of both companies are expected to enjoy a more comprehensive and efficient bundle of well-completion services, including vertical and horizontal (pump down) perforating, comprehensive cased-hole logging services, and pipe recovery and mechanical services.


The acquisition includes about 70 active wireline units, related district operation locations, a manufacturing facility and a training facility.


The completed acquisition sees about 400 J-W Wireline employees are join FTS, including a wireline management team.


FTS International, an independent well completion service company, has more than 1.6 million hydraulic horsepower deployed in major U.S. shale basins. The company provides well-completion services, including pressure pumping, wireline and reservoir optimization technologies. More information is available at www.ftsi.com.




Latest News

How Google evolved from ‘cuddly’ startup to antitrust target

By MICHAEL LIEDTKE AP Technology Writer SAN RAMON, Calif. (AP) — In Google's infancy, co-founders Larry Page and Sergey...

Stock Show fallout: Businesses feel impact of cancellation

All that is left are memories – for this year at least. Chef Michael S. Thomson used to visit...

Will Northern and Michael D. Crain form Northern Crain Realty

Fort Worth real estate brokers Will Northern and Michael D. Crain announced Oct. 19 they have reorganized their...

Encore Bank launches new business lines

Encore Bank Senior Executive Vice President & Chief Operations Officer Burt Hicks has announced the launch of two new lines of business,...

ConocoPhillips buying Concho in $9.7B all-stock deal

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — ConocoPhillips is buying shale producer Concho Resources in an...