JP3 Measurement
http://www.jp3.com/announcements/

Announcements

Flotek Welcomes New President of Global Business (6/22/20)

HOUSTON, JUNE 22, 2020 — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) is pleased to announce TengBeng Koid will be joining the Company as President, Global Business. In this role, he will oversee the Company’s domestic and international business development strategy for both divisions of Flotek – Energy Chemistry Technologies and its newly established Analysis & Data division, through the recent acquisition of JP3.

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.

JP3 responds to Covid-19

In the midst of ongoing issues surrounding COVID-19, JP3 continues our commitment to serving our customers while ensuring the safety of our employees, clients and vendors. With that in mind, JP3 has implemented our new Covid-19/Infectious Disease Plan to help minimize the rate that infection spreads.

Standard GPA-2119-20 adopted by GPA Midstream Association

In March 2020, a new custody transfer standard known as GPA-2119-20 (Compositional Analysis by Optical Spectroscopy) was adopted by the Analysis, Test Methods and Product Specifications Committee of the GPA Midstream Association.

Midstream leaders and experts worked together with industry suppliers to produce this standard for oil and gas operators of North America, determining that optical spectroscopy is a viable technology for compositional analysis of gas, NGL, and condensate. 

CERAWeek 2020

Visit JP3 at CERAWeek – March 9-13, 2020 – Houston, TX Tues 3/10 @ 10:30 AM – JP3 CEO Matt Thomas will be participating in Innovation Agora Pods. Update: This event has been cancelled for 2020 and rescheduled for 2021.

CCAMS, Feb. 18-19, 2020 (Corpus Christi, TX)

Wed, 2/19/2020, 1:00 p.m., CCAMS, Omni Hotel, Corpus Christi, TX

Senior R&D Chemometrician at JP3, Randy Bishop, presented at this year’s Corpus Christi Area Measurement Society (CCAMS) Conference to illustrate value-added use cases of JP3’s real-time data. The data made available through JP3’s NIR analyzer systems has proven valuable across a multitude of applications from wellhead to refinery.