Flotek And IBM Begin Development Of Cognitive Reservoir Performance System For Upstream Oil & Gas Industry

"The digital age has brought a massive amount of insight-rich industry data related to well-depths and rock formations," said Luq Niazi, Global Managing Director, Chemical & Petroleum Industries, IBM Consulting. "With IBM Watson Explorer, our clients will gain insights that can be interpreted quickly to understand exactly what is happening at a client's well and deliver value to the core of the business."

Flotek's Reservoir Cognitive Consultant ^TM (RC^2TM) will enable better decisions using machine learning to maximize reservoir performance through the Watson platform. The service will allow Flotek data scientists and chemists to search and analyze troves of historical and experiential data from thousands of client wells in real-time and apply their unique technical expertise to discover critical trends and insights.

"We are committed to maximizing reservoir performance, ultimate recovery and client investments. For years, our clients have communicated the need for predictive data related to well performance rather than reactive, backward-looking information available in the energy industry," said John Chisholm, chairman of the board, CEO and president of Flotek. "Reservoir Cognitive Consultant will bring greater transparency to the oilfield by identifying specific challenges facing our clients through prescriptive chemistry technology designed to deliver measurable, transformative results."

About Flotek Industries, Inc.
Flotek develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. Flotek's inspired chemists draw from the power of bio-derived solvents to deliver solutions that enhance energy production, cleaning products, foods & beverages and fragrances. In the oil and gas sector, Flotek serves major and independent energy producers and oilfield service companies, both domestic and international. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com.

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