Flotek signs three-year downhole chemistry supply deal with ProFrac worth over $230M

Flotek Industries agreed a long-term contract to supply its green downhole chemistry solutions to a dedicated portion of ProFrac's hydraulic fracturing fleets for three years. The contract creates an expected backlog of more than $230 million, and Flotek is also issuing $10 million of convertible notes to ProFrac.

“This creates an immediate expected contracted backlog of revenue greater than $230 million, based on estimated chemical volumes and pricing.”prnewswire.com

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• prnewswire.comFLOTEK AND PROFRAC TEAM UP TO PROVIDE SUSTAINABLE, VERTICALLY INTEGRATED SOLUTIONSFeb 2, 2022

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