Acquisition and Asset Sales Forbes Energy Services recently divested assets to Axis Energy Services in May 2021, indicating a strategic shift that could open opportunities for service providers to offer integrated solutions or replacement equipment and maintenance services tailored to the new operational landscape.

Leadership Expansion With the appointment of Joe Michetti as President and co-COO in 2018, Forbes strengthened its executive team, creating potential opportunities for executive-level consulting, leadership development, and bespoke management services aimed at optimizing operational performance.

Financial Growth Investing The company's significant asset investments and capital raises through a $35 million ABL facility and a $60 million upsized first lien loan in 2018 suggest ongoing growth ambitions, signaling a potential need for financial, technological, or equipment suppliers to support expansion initiatives.

Market and Competition Operating within the competitive oil and gas sector alongside industry giants like Nabors and Halliburton, Forbes offers opportunities to collaborate on specialized services, equipment upgrades, or maintenance solutions that can enhance operational efficiency in a highly competitive environment.

Technology and Operations Utilizing technology stacks such as Microsoft Azure, Windows Server, and ASP.NET, Forbes Energy Services may be open to digital transformation projects, cloud-based solutions, or cybersecurity services that can improve operational resilience and data management for their ongoing and future projects.