Pure Energy Services Ltd.
TSX : PSV

Pure Energy Services Ltd.

November 12, 2007 09:00 ET

Pure Energy Services Ltd. Announces the Award of Fracturing Services Contracts

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2007) - Pure Energy Services Ltd. ("Pure Energy") (TSX:PSV) announced today that its wholly-owned subsidiary Pure Energy Services (USA), Inc. ("Pure USA") has been awarded two three-year contracts by a major independent oil and gas producer for the provision of fracturing services in the Piceance Basin in Colorado. One contract is for the provision by Pure USA of all fracturing services in a portion of the Piceance Basin. The second contract is a second call arrangement for another portion of the Piceance Basin. The contracts commence in the first quarter of 2008.

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

Pure Energy currently provides logging and perforating, production testing, multiline, drilling, drilling rental and pressure transient analysis services to customers in the WCSB, and also provides production testing, logging and perforating, and fracturing services to customers in the US Rocky Mountain region.

Contact Information

  • Pure Energy Services Ltd.
    Kevin Delaney
    President and CEO
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: kdelaney@pure-energy.ca
    or
    Pure Energy Services Ltd.
    Michael Baldwin
    Chief Financial Officer
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: mbaldwin@pure-energy.ca