Pure Energy Services Ltd.
TSX : PSV

Pure Energy Services Ltd.

April 20, 2010 19:13 ET

Pure Energy Announces Completion Of Acquisition of USA Wireline Assets

CALGARY, ALBERTA--(Marketwire - April 20, 2010) - Pure Energy Services Ltd. ("Pure") (TSX:PSV) announced that it has completed the previously disclosed purchase of the USA cased-hole electric wireline assets and operations of Cathedral Energy Services Ltd. in exchange for Pure's performance drilling assets and operations (conducted through Pure's "Motorworks Drilling Solutions" division) and a cash payment of approximately CDN $2.1 million.

Pure is an oilfield services company that provides completion and drilling related services to oil and natural gas exploration and development entities in the Western Canadian Sedimentary Basin and, through its wholly-owned subsidiary, Pure Energy Services (USA), Inc., in the Rocky Mountain region, North Dakota, Oklahoma and the Appalachian Basin of the United States.

Requests for shareholder information should be directed to the undersigned.

Contact Information

  • Pure Energy Services Ltd.
    Brad Gabel
    President, Canadian Completion Services
    (403) 262-4000
    bgabel@pure-energy.ca
    or
    Pure Energy Services Ltd.
    Rutger Niers
    President, Drilling and US Completion Services
    (403) 262-4000
    rniers@pure-energy.ca
    or
    Pure Energy Services Ltd.
    10th Floor, 333 - 11th Avenue S.W.
    Calgary, Alberta T2R 1L9
    (403) 262-4000
    (403) 262-4005 (FAX)