#90. Neal Lux talks about going from Coil Tubing Startup to CEO-Level Leadership
Oilfield 360 Podcast · Upright Digital
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Show Notes
How do you turn a startup launched during a downturn into a major oilfield technology success story?
On this episode of The Oilfield 360 podcast, hosts David de Roode and Victoria Beard Queen sit down with Neal Lux, CEO of Forum Energy Technologies (and TV Star - Landman appearance), to discuss his path from co-founding Global Tubing to leading FET today.
Lux shares insights on scaling a coil tubing startup, the Smart Taper innovation that improved weld fatigue life, and how technologies like subsea robotics and remote ROV operations are shaping the future of oilfield services.
00:00 Why Oil and Gas Matters
00:36 Podcast and Sponsors
03:48 Meet Neal Lux
04:54 From Consulting to Maverick
07:55 Joining a Risky Startup
11:30 Global Tubing Early Struggles
13:37 Culture and Innovation
15:29 Coil Tubing Explained
17:54 Smart Taper Breakthrough
19:13 Designing for Long Wells
21:16 Beyond Intervention Use Cases
23:22 Partnering with Operators
25:33 Why They Bought Eagle
26:12 Joining the Forum Family
27:04 Leadership Under Chris
27:49 COVID Debt Turning Point
28:32 What FET Does Today
30:17 FET 2030 Growth Plan
33:10 Landman TV Cameo
37:02 Subsea Robotics Innovation
39:38 Lessons From Mistakes
41:52 Life Outside Work
45:13 CEO Reality Check
48:34 Investor Story and Value
50:21 NYSE Texas Listing