Bri-Chem Corp.
TSX : BRY

Bri-Chem Corp.

November 25, 2014 08:00 ET

Bri-Chem Acquires Liquid Invert Drilling Mud Blending and Storage Facility in Clinton, OK, USA

EDMONTON, ALBERTA--(Marketwired - Nov. 25, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY) a leading North American wholesale distributor and blender of oil and gas oilfield chemicals is pleased to announce that it has acquired a liquid invert blending facility in Clinton, Oklahoma. The acquisition of the liquid mud plant assets will enable Bri-Chem to enter the market swiftly as the facility is turn-key and the vendor provides hauling and transportation of the invert fluids to our customers' drilling locations.

A large constituent of Bri-Chem's customer base has shifted to a liquid invert based drilling fluid which has become a critical and interrelated part of the drilling operations. The development of liquid invert allows the flexibility for our customers to continually address the latest and most pressing drilling challenges such as reaching more remote reservoirs that are deeper and hotter. In late 2012, Bri-Chem opened its first liquid invert blending and storage facility in Leetsdale, Pennsylvania, USA and over the past 18 months it has been Bri-Chem's fastest growing warehouse throughout North America.

The Clinton facility will immediately be able to offer its blended liquid mud products to satisfy customer demand and further solidify customer relationships in the mid-continent region servicing the Springer shale, SCOOP play and Ardmore - Woodford shale plays. Bri-Chem will continue to evaluate other liquid mud blending and storage facilities in regions in the USA where demand for such products is continuing to increase.

"With our recent record Q3 sales in the USA drilling fluids distribution division, we are forging forward with additional expansion plans to increase our presence to service the USA unconventional resource plays," commented Don Caron, Chief Executive Office of Bri-Chem. "We now have eighteen USA warehouses and two strategic liquid invert mud plant facilities available to service the growing independent drilling fluid engineering companies in the USA market."

About Bri-Chem

Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for the distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids. We sell, blend, package and distribute a full range of drilling fluid products, cementing, acidizing and stimulation additives from 34 strategically located warehouses throughout Canada and the United States. Bri-Chem has been operating in Canada since 1985 and as a result of the increasing market demand for oilfield chemicals, we expanded into the United States in 2011 and have successfully obtained significant market penetration. Additional information about Bri-Chem is available at www.sedar.com or at our website at www.brichem.com.

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