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Forum Energy Technologies, Inc. (FET)
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About Forum Energy Technologies, Inc.
Forum Energy Technologies, Inc. specializes in the design, manufacturing, and global distribution of products serving diverse industries such as oil, natural gas, industrial, and renewable energy sectors. Headquartered in Houston, Texas, the company operates through three core segments: Drilling & Downhole, Completions, and Production.
The Drilling & Downhole segment focuses on providing comprehensive solutions to the drilling, well construction, artificial lift, and subsea energy construction markets. This includes drilling technologies, well construction equipment like casing and cementing tools, and specialized products for artificial lift systems and subsea operations. The segment also offers remotely operated vehicles, trenchers, and other subsea technical services.
In the Completions segment, Forum Energy Technologies offers essential equipment for hydraulic fracturing, including pumps and cooling systems, as well as high-pressure hoses and flow iron used in pressure pumping operations. It also supplies wireline cable, pressure control equipment, and coiled tubing solutions for well completion and intervention services.
The Production segment caters to production and infrastructure markets with engineered process systems, production equipment, specialty separation tools, and industrial valves. These products serve a wide range of applications in oil and natural gas production, power generation, renewable energy projects, and general industrial settings.
Forum Energy Technologies, Inc., originally known as Forum Oilfield Technologies, Inc., was founded in 2005 and rebranded in August 2010. Beyond its operational base in the United States, the company serves a global clientele, leveraging its expertise in technological innovation and customer-focused solutions across international markets.
Forum Energy Technologies financials at a glance
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