Forbes Energy Services
started operations in 2003 with an experienced management team and a
single well service rig and yard in Alice, Texas.
Operations are located onshore Texas and are used to help companies
develop and enhance the production of oil and natural gas. The Well
Servicing segment provides well maintenance services, well workovers
and downhole repairs, as well as completion services. The Fluid
Logistics segment collects, transports, and disposes drilling and
production fluids, as well as rents portable frac tanks for wellsite
fluid storage and sells drilling and completion fluids.
Forbes Energy Services operates one of the youngest and most modern
fleet of well service rigs among the large well-servicing companies.
The average equipment age is approximately two years, compared to
the industry average of over 20 years. Our modern fleet requires
less maintenance down time and is more reliable than older
equipment.
Industry-Leading Safety Record
For 2008, Forbes had approximately 81.5% fewer incidents than the
industry average. Forbes' reputation for safety is critical to the
purchasing and operations managers of its top-tier customers. Forbes
has a history of purchasing and deploying new rigs with enhanced
safety features. Equipment specifications on new rigs better address
operational and safety issues than older equipment.
Experienced Management
Senior management has over 63 years of combined oilfield services
experience. Our location managers have an average experience of 23
years in the industry.
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