FLOTEK INDUSTRIES TO SELL FLORIDA CHEMICAL TO ADM FOR $175 MILLION…

Enters into Long-Term Reciprocal Agreements and Technical Initiatives to Support and Grow Core Energy Business

HOUSTON – JANUARY 11, 2019: Flotek Industries, Inc. (NYSE: FTK) (“Flotek”) today announced it has entered into a definitive agreement to sell Florida Chemical Company, LLC (“FCC” or “Florida Chemical”), its Consumer and Industrial Chemistry Technologies segment, to Archer Daniels Midland Company (NYSE: ADM) (“ADM”) for total consideration of $175 million in cash, subject to post-closing working capital and other adjustments. With this transaction, Flotek has established itself as a leading specialty chemistry provider of custom, full-fluid solutions to the upstream oil and gas industry. Flotek will retain all of its patents.

In connection with the sale of FCC, Flotek and ADM have entered into long-term reciprocal supply agreements. The first will secure Flotek’s long-term supply of d-limonene. Additionally, Flotek will manufacture differentiated chemistries for Florida Chemical’s industrial customers. Finally, the companies will explore opportunities to jointly develop next-generation chemistry technologies for the oil and gas and agricultural industries.

The closing of the transaction is expected during the first quarter of 2019 and is subject to customary closing conditions, including obtaining necessary approval related to the Hart-Scott-Rodino Act. Flotek anticipates that the transaction will have a negligible cash tax effect, as the gain on this sale should be substantially offset by the Company’s outstanding net operating losses.

John Chisholm, Flotek’s Chairman, President and Chief Executive Officer, commented, “We believe the benefits of this transaction are extremely compelling on multiple fronts and in the best interest of our stakeholders. This transaction unlocks significant value for our stakeholders, while maintaining our access to key raw materials for our Energy Chemistry Technologies (“ECT”) business. The transaction also enhances our flexibility to evaluate and pursue the long-term strategy for our core ECT business. Additionally, we are very excited about our long-term relationship with ADM to develop unique opportunities to more fully leverage their vast, high-performing portfolio of to better serve the oil and gas market for many years to come. This transaction has created a synergistic relationship that brings strategic benefits to each company and our stakeholders.”

Vince Macciocchi, President of ADM’s Nutrition business unit, commented, “ADM is already a leader in natural flavors for food and beverages, offering a wide variety of high-value products and solutions in areas such as vanilla and mint, and this acquisition will place us in a leadership position for citrus flavors as well.  Citrus is one of the fastest-growing flavor categories, and the single most important taste profile for beverages, and no one in North America does citrus better than Florida Chemical Company.”

In 2013, Flotek acquired Florida Chemical to vertically integrate its supply of citrus oils, a key raw material in its patented Complex nano-Fluid® (“CnF®”) suite of technologies. Since the original acquisition, the Company’s Energy Chemistry Technologies segment has benefitted from FCC, which enabled Flotek to better manage feedstock costs through the energy downturn from 2014 to 2016, pursue a new go-to-market strategy, and mitigate raw material price inflation caused by citrus greening disease and a significantly limited supply of global citrus oils. Simultaneously, Florida Chemical has expanded its client base and product offerings, while enhancing its processing and distillation capabilities and leveraging its world-class supply chain and highly respected employee base to penetrate into food and beverage applications. This divestiture is the natural next step in Flotek’s evolution, capturing the value of FCC while securing the supply of feedstock required to create the Company’s patented chemistries.

“ADM is a world-class leader in transforming crops into agricultural and food products. Recognized for its industry-leading capabilities and assets, Florida Chemical will be a significant strategic addition to ADM as they further expand their industry-leading flavor and fragrance offerings. We thank the Florida Chemical team for their invaluable contributions and look forward to continuing our strong relationship moving forward,” said Chisholm.

ECT Outlook and Related Initiatives

Following closing of the transaction, Flotek will focus its efforts on providing its global clients best-in-class solutions designed to maximize performance of their oil and gas wells, while simultaneously lowering well costs and fluid complexity. Flotek intends to use the net proceeds to pay off its credit facility balance of approximately $50 million. In addition, the Company is currently considering investing $20 million to $30 million in previously identified organic growth capital projects and will carefully review other future potential uses of the remaining funds.

Flotek intends to establish a Strategic Capital Committee (the “Committee”) to evaluate and make recommendations to the Board regarding the manner in which the Company will deploy the remaining net proceeds from the sale of FCC. This includes the potential for additional investments in its business, returning capital to shareholders and other potential alternatives. The Committee plans to engage a leading advisory firm.

Chisholm concluded, “I look forward to a thorough review by our Strategic Capital Committee concerning the best use of the remaining net proceeds from the transaction and updating shareholders as to the results of that process. In addition, we look forward to continuing to benefit from Florida Chemical’s citrus products through our long-term supply agreement with ADM. Finally, we are excited to partner with ADM as we seek new opportunities to expand our offerings to the oil and gas industry.”

Advisors

Evercore is acting as exclusive financial advisor to Flotek in connection with the transaction.

Conference Call

Flotek will host a conference call on January 14, 2019, at 9:00 a.m. CT/10:00 a.m. ET to discuss the transaction and its go-forward priorities for its Energy Chemistry Technology business. To participate in the call, participants should access the webcast on www.flotekind.com under the Investor Relations section or dial 877-870-4263 approximately five minutes prior to the start of the call. A recording of the call will also be available on the website shortly after the call is concluded.

About Florida Chemical Company, LLC

Founded in 1942, Florida Chemical designs and delivers high-quality products that meet the demands of a variety of consumer and industrial applications, including food and beverage, fragrance, and household and industrial cleaning products. Sourcing citrus oil domestically and internationally, it is one of the largest processors in the world.

About Flotek Industries, Inc.

Flotek develops and delivers prescriptive, reservoir-centric chemistry technologies to oil and gas clients designed to address every challenge in the lifecycle of the reservoir and maximize recovery in both new and mature fields. Flotek’s inspired chemists draw from the power of bio-derived solvents to deliver solutions that enhance energy production. 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.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries. With a global value chain that includes approximately 500 crop procurement locations, 270 food and feed ingredient manufacturing facilities, 44 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses.

Forward-Looking Statements

Certain statements set forth in this Press Release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, seeks, estimates, will, should and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Press Release.

Although forward-looking statements in this Press Release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company’s ability to obtain financing to support its operations, environmental and other casualty risks, and the impact of government regulation.

Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filings on Form 10-K (including without limitation in the “Risk Factors” Section), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Press Release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Press Release.

IR Inquiries, contact:

Elizabeth T. Wilkinson

Chief Financial Officer

E: ir@flotekind.com

P: (713) 726-5376

Media Inquiries, contact:

Danielle Allen

Senior Vice President

Global Communications & Technology Commercialization

E: DAllen@flotekind.com

P: (713) 726-5322

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JOB DESCRIPTION ORGANIZATIONAL STRUCTURE BUSINESS:   Energy LOCATION:   Spartanburg, SC DIRECT REPORTING:  Manager, Sales FUNCTIONAL REPORTING: POSITION DETAILS Position Summary CIRCOR Energy is a global manufacturer of highly engineered valve(s) and pipeline products that continuously develops precision technologies to improve our customer’s ability to control the flow of the world’s natural resources, from subsea to offshore and onshore E&P. The Applications Engineer is responsible for supporting
JOB DESCRIPTION ORGANIZATIONAL STRUCTURE BUSINESS: CIRCOR Naval Solutions LOCATION:   Warren, MA FUNCTIONAL REPORTING: Defense Engineering TITLE: Head of Technology (Sr. Principal Engineer) A&D Warren CIRCOR International, Inc. designs, manufactures and markets differentiated technology products and sub-systems for markets including oil & gas, industrial, aerospace & defense and commercial marine. CIRCOR has a diversified flow and motion control product portfolio with recognized,
Our client, an oil & gas equipment manufacturer, has a requirement for an experienced Engineering Manager to lead their team based in Turriff, Aberdeenshire. Applicants must have experience working at this level previously, managing large teams of 20+ design and project engineer personnel. Applicants should also have strong organisational skills, with a methodical approach and the ability to manage team
Our client, a leading oil & gas operator, have a requirement for a Senior Environment Engineer for a long term contract position, based onshore in Aberdeen with occasional offshore visits.   The job-holder will have considerable liaison with the operational sites within the asset and will work in conjunction with Technical services, other assets and the corporate HSE function, they
Our client is looking for a Proposals Engineer for a permanent position, located in Aberdeen The purpose of the Proposals Engineer is to convert pipeline opportunities in the Oil & Gas and Power Industries, and other strategically identified markets, into winning bids / order closure to meet the Business Strategy and in line with corporate governance practices produce compliant bids.
Our client, an Oil & Gas operator, has a requirement for a Well Site Drilling Engineer on a contract basis for approx. 3-4 months, based on a jack-up drilling rig in the UK North Sea.  REQUIREMENTS Candidates must have previous experience in the role and on jack-up drilling rigs and hold all required OPITO approved certification for working in the
Our client, a leading oil & gas operator, have an urgent requirement for a Senior Environmental Engineer for approx. 6 month contract, based onshore in Altens, Aberdeen, with offshore and site visits where required. Candidates MUST be immediately available. The job-holder will have considerable liaison with the operational sites within the asset and will work in conjunction with Technical services,
Date: Mar 14, 2019 Location: Houston, Texas, US ABOUT HESS CORPORATION Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. We have an industry leading position in the Bakken in North Dakota – a key U.S. shale play. Hess is also one of the largest producers in the deepwater Gulf of
Location:   Fife, FIF, GB Company:  ExxonMobil Job Role Summary We are currently seeking a qualified and experienced Instrument Engineer to join our team at Fife Ethylene Plant. Situated near Edinburgh, the Fife Ethylene Plant at Mossmorran is one of the largest in Europe and is owned by ExxonMobil Chemical Limited, a subsidiary of ExxonMobil Corporation, the world’s largest publically traded oil and gas
Location:London, UK Apply by:April 12, 2019 Position type:Employee (Office / Offshore Core) Job category:Functional Job ID #:32049 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable
Location:Stavanger, Norway Apply by:April 10, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:32185 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Location:Bergen, Norway Apply by:April 19, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:32249 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Location: Stavanger, Norway Apply by: April 10, 2019 Position type: Contract (Office) Job category: Technical/Engineering Job ID #: 32219 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop
Location:Luanda, Angola Apply by:March 25, 2019 Position type:Trainee Job category:Technical/Engineering Job ID #:32216 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future.
Location:Stord, Norway Apply by:April 24, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:32178 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia. In addition, we operate
Job Function: Services Experience Level: Experienced Posted Date: 3/13/2019 6:53:20 AM Job #: 1907235 Location(s): Netherlands; Zuid-Holland; ROTTERDAM Role Summary:  About Us:   Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity across
Location:  Spring, TX, US Company:  ExxonMobil Job Role Summary ExxonMobil located in Spring, Texas, is seeking motivated, qualified and experienced individuals for physical natural gas marketing / gas sales and trading roles within the dynamic U.S. natural gas market. Job Role Responsibilities • Create and capture value across the natural gas value chain value through commercial actions including sales, purchases and transport
Location:  Spring, TX, US Company:  ExxonMobil Job Role Summary ExxonMobil located in Spring, Texas, is seeking motivated, qualified and experienced individuals for physical natural gas origination roles within the dynamic U.S. natural gas market. Job Role Responsibilities • Develop and execute supply and market strategies for natural gas for key upstream resource opportunity capture • Support commercialization of opportunities and resulting projects
date: Mar 13, 2019 location: Makati, NCR (Manila), PH Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including biofuels and
date: Mar 13, 2019 location: Bakersfield, CA California, US Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including biofuels and
date: Mar 13, 2019 location: Houston, TX Texas, US Chevron is one of the world’s leading energy companies, with approximately 48,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources. Chevron is accepting
APM FUNCTIONAL CONSULTANT – MECHANICAL INTEGRITY SME Job Function: Product Management Experience Level: Experienced Posted Date: 3/12/2019 12:54:16 PM Job #: 1902016 Location(s): United States; Texas; HOUSTON Role Summary:  The APM Functional Consultant – Mechanical Integrity SME – Services role is part of BHGE APM professional services practice and requires Mechanical Integrity Engineering subject matter expertise.  Responsibilities include supporting customer projects, delivering Mechanical Integrity services,
RELIABILITY ENGINEER Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 3/12/2019 2:53:35 PM Job #: 1904490 Location(s): Colombia; HUILA; NEIVA Role Summary:  About Us:  Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity
Planning and Scheduling Engineer – Experienced Location:   Houston, TX, US Company:  ExxonMobil Job Role Summary The Planning & Scheduling Engineer (P&SE) is a specialist in project schedule development, benchmark analysis, schedule control and forecasting.  The P&SE creates Level 1/2 schedules using schedule benchmarks and experiences on variety of project types.  The PS&E assesses existing schedules for usefulness, logic, level of detail,
Applications Engineer in Haywards Heath, United Kingdom Company Overview: Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 18,000 employees in more than 55 countries, we combine our global reach with a local presence. Position Description: We are looking for a Applications Engineer to join the
Date: Mar 12, 2019 Location: Rio de Janeiro, RJ, BR, 21941-907 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Mar 12, 2019 Location: Tioga, North Dakota, US ABOUT HESS CORPORATION Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. We have an industry leading position in the Bakken in North Dakota – a key U.S. shale play. Hess is also one of the largest producers in the deepwater Gulf
Date: Mar 12, 2019 Location: Keene, North Dakota, US ABOUT HESS CORPORATION Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. We have an industry leading position in two key U.S. shale plays – the Bakken in North Dakota and the Utica in Ohio. Hess is also one of the largest
Location:Bærum, Norway Apply by:April 7, 2019 Position type:Employee (Office / Offshore Core) Job category:Functional Job ID #:32119 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable
Location:Bærum, Norway Apply by:April 6, 2019 Position type:Employee (Office / Offshore Core) Job category:Functional Job ID #:32127 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable
Location:Stavanger, Norway Apply by:April 7, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:32138 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Location:Stavanger, Norway Apply by:April 7, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:32063 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the

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