Forbes Energy Services Ltd., or FES Ltd., is an independent oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. These services include well maintenance, completion services, workovers and recompletions, plugging and abandonment, tubing testing, fluid hauling and fluid disposal. Our operations are concentrated in the major onshore oil and natural gas producing regions of Texas, with an additional location in Pennsylvania. We believe that our broad range of services, which extends from initial drilling, through production, to eventual abandonment, is fundamental to establishing and maintaining the flow of oil and natural gas throughout the life cycle of our customers’ wells. Our headquarters and executive offices are located at 3000 South Business Highway 281, Alice, Texas 78332. We can be reached by phone at (361) 664-0549. As used in this Annual Report on Form 10-K, the “Company,” “we,” and “our” mean FES Ltd. and its subsidiaries, except as otherwise indicated.
Company profile
Ticker
FLSS
Exchange
Website
CEO
John E. Crisp
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Forbes Energy Services LLC • TX Energy • C.C. Forbes, LLC • Cretic Energy • Forbes Energy International, LLC • Forbes Energy ...
FLSS stock data
Latest filings (excl ownership)
15-12G/A
Securities registration termination (amended)
31 Jul 20
15-12G
Securities registration termination
8 Jul 20
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jul 20
RW
Registration withdrawal request
7 Jul 20
8-K
Financial Statements and Exhibits
7 Jul 20
10-Q
2020 Q1
Quarterly report
30 Jun 20
NT 10-Q
Notice of late quarterly filing
29 Jun 20
8-K
Termination of a Material Definitive Agreement
8 Jun 20
8-K
Entry into a Material Definitive Agreement
21 May 20
8-K
Departure of Directors or Certain Officers
14 May 20
Latest ownership filings
SC 13D/A
Solace Capital Partners, L.P.
21 Apr 20
4
Change in insider ownership
20 Apr 20
4
Change in insider ownership
20 Apr 20
SC 13D/A
Solace Capital Partners, L.P.
20 Apr 20
SC 13D/A
Ascribe Capital LLC
20 Apr 20
SC 13G/A
Forbes Energy Services Ltd.
13 Feb 20
SC 13G/A
Beneficial ownership report (amended)
11 Feb 20
SC 13D
Forbes Energy Services Ltd.
30 Dec 19
SC 13D
Forbes Energy Services Ltd.
30 Dec 19
SC 13G/A
Forbes Energy Services Ltd.
10 Dec 19
Financial summary
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Diluted EPS |
Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.19 mm | 8.19 mm | 8.19 mm | 8.19 mm | 8.19 mm | 8.19 mm |
Cash burn (monthly) | (no burn) | 1.09 mm | 18.06 mm | 7.38 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 58.29 mm | 962.38 mm | 393.34 mm | n/a | n/a |
Cash remaining | n/a | -50.10 mm | -954.18 mm | -385.15 mm | n/a | n/a |
Runway (months of cash) | n/a | -45.8 | -52.8 | -52.2 | n/a | n/a |
Institutional ownership, Q3 2019
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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