Skip to content
JP3 Measurement
http://www.jp3.com/2020/05/

2020 May


Archive: May 2020

Flotek Acquires JP3, Leading Data and Analytics Technology Company (5/18/20)

HOUSTON, May 18, 2020 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced today it has acquired 100% ownership of JP3 Measurement, LLC (“JP3”), a privately held leading data and analytics technology company, in a cash-and-stock transaction. The transaction is valued at approximately $34.4 million, comprised of $25 million in cash and 11.5 million shares in Flotek common stock, with the assumption of $1.3MM of debt and an additional $5 million earn-out based on appreciation of Flotek’s share price.

Optimizing Condensate Stabilizers: Getting the Last Barrel, Sponsored by GPAC

Optimizing Condensate Stabilizers: Getting the Last Barrel, Sponsored by GPAC Thur, May 21, 2020, 12:15 – 1:30 pm CDT Please register: https://www.makingmeasurementsmatter.com/offers/CPLitxkS/checkout

The primary function of a gas plant is still the recovery and purification of methane for transport as natural gas; however, the importance of producing and high value natural gas liquids (NGL’s) and hydrocarbon condensates has increased dramatically in recent years.