Marcellus/Utica Fracker FTS Intl Filing for Ch. 11 Bankruptcy

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Once upon a time FTS International was the largest private (not publicly traded stock) well completion company in North America. In 2015 FTS fracked EQT’s ginormous Scotts Run 591340 dry Utica well in Greene County, PA producing an initial production (IP) of 72.9 million cubic feet of natural gas per day (see Private Company Fracked EQT’s Monster Utica Well, Working on More). In 2017 the company went public (see Fracker FTS International Gets Ready to Launch IPO). Yesterday FTS announced it has reached an agreement with its debtors and will file for Chapter 11 bankruptcy in the coming weeks.

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