Forbes Energy Services (Forbes Energy Services) Inventories, Work In Process : $0.0 Mil (As of Mar. 2020)

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What is Forbes Energy Services Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Forbes Energy Services's work in process for the quarter that ended in Mar. 2020 was $0.0 Mil.

Forbes Energy Services Inventories, Work In Process Historical Data

The historical data trend for Forbes Energy Services's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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Forbes Energy Services Inventories, Work In Process Chart

Forbes Energy Services Annual Data

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Inventories, Work In Process

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Forbes Energy Services Quarterly Data
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Forbes Energy Services Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Forbes Energy Services (Forbes Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forbes Energy Services Ltd (OTCPK:FLSS) » Definitions » Inventories, Work In Process

Comparable Companies

Traded in Other Exchanges

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Address

3000 South Business Highway 281, Alice, TX, USA, 78332

Website

http://www.forbesenergyservices.com

Forbes Energy Services Ltd operates as an 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. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.

Executives

Ascribe Associates Iii, Llc	10 percent owner, other: See Remarks	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace General Partner, Llc	10 percent owner, other: See Remarks	11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
Solace Forbes Holdings, Llc	10 percent owner, other: See Remarks	11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
American Securities Llc	10 percent owner, other: See Remarks	590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Ascribe Opportunities Fund Iii(b), L.p.	10 percent owner, other: See Remarks	C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Ascribe Opportunities Fund Iii, L.p.	10 percent owner, other: See Remarks	C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Solace Capital Special Situations Fund, L.p.	10 percent owner, other: See Remarks	11111 SANTA MONICA BOULEVARD SUITE 1275 LOS ANGELES CA 90025
Ascribe Capital Llc	10 percent owner, other: See Remarks	590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
Ascribe Iii Investments Llc	10 percent owner, other: See Remarks	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace Capital Partners, L.p.	10 percent owner, other: See Remarks	11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
L Melvin Cooper	officer: Senior Vice President & CFO	2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043
Steve Macek	officer: EVP, COO	3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
John E. Crisp	director, officer: President & CEO	3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
Joe Michetti	officer: President & Co-COO of FES LLC	18001 HIGHWAY 105 WEST, SUITE 102 MONTGOMERY TX 77356
David B Rosenwasser	director	3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332

Forbes Energy Services (Forbes Energy Services) Headlines

From GuruFocus

Forbes Energy Services Ltd. Announces Results Of Rights Offering

By PRNewswire PRNewswire • 03-05-2019

Forbes Energy Services Acquires Cretic Energy Services

By GlobeNewswire GlobeNewswire • 11-16-2018

Forbes Energy Services Announces: Combination of Forbes Energy Services with US onshore oilfield services business of Superior Energy

By PRNewswire PRNewswire • 12-18-2019

Superior Energy Services Announces Strategic Transaction

By PRNewswire PRNewswire • 12-18-2019

Forbes Energy Services Acquires Cretic Energy Services

By Marketwired Marketwired • 11-17-2018