Total Energy Services Inc.
TSX : TOT

Total Energy Services Inc.

January 21, 2010 10:06 ET

Total Energy Services Inc. Announces Preliminary 2010 Capital Expenditure Budget

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - Total Energy Services Inc. (TSX:TOT) ("Total") announces its preliminary 2010 capital expenditure budget of $13.5 million. Included in this budget is $9.0 million for expansion of the natural gas compression rental fleet, $3.9 million of maintenance capital expenditures (which includes $2.2 million of capital leases related to light duty vehicles) and $0.6 million of miscellaneous capital expenditures. Total intends to finance its preliminary 2010 capital expenditure budget from operating cash flow and its existing credit facility.

Total's preliminary 2010 capital expenditure budget, combined with the recently announced completion of the $44.5 million purchase of the oilfield equipment rentals, fluid services and management and oilfield equipment transportation business of DC Energy Services Inc. effective January 1, 2010, positions Total to capitalize on improving industry activity levels within Western Canada.

Total is a growth oriented energy services corporation involved in contract drilling services, drilling and production rentals and natural gas compression equipment fabrication, sales, rental and service. The common shares of Total are listed and trade on the TSX under the symbol "TOT".

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

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