COVID Stimulus Watch Individual Entry

Recipient Company:
FORBES ENERGY SERVICES, LLC
Loan or Loan Guarantee Amount:
$10,000,000

Recipient Details

Ownership Structure: publicly traded (ticker symbol FLSS)
Facility Street Address: 3000 US HIGHWAY 281
Facility City: ALICE
Facility State: TX
Facility Zip Code: 78332
Facility Congressional District: TX-34
Facility NAICS Code: 213112 : Support Activities for Oil and Gas Operations

Award Details

Award Date: May 8, 2020
Award Type: loan
Jobs Reported at Time of Application: 500
PPP Lender: Texas Champion Bank
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/1434842/000089534520000648/wd8k2...

Parent Company Data

Parent Company: Forbes Energy Services Ltd.
Headquartered in: Texas
Parent Sector: oilfield services and supplies
Parent Industry: oil and gas drilling services
Employees (prior to pandemic): 786

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $5,355
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
CEO Compensation: $1,233,553
Tax icon
Good Jobs First has no data in this category

Details on Accountability data sources