Builders Energy Services Trust

Builders Energy Services Trust

November 13, 2007 19:23 ET

Builders Energy Services Trust Announces November 2007 Distribution

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2007) - Builders Energy Services Trust ("Builders" or the "Trust") (TSX:BET.UN) announced today the cash distribution for the period November 1, 2007 to November 30, 2007 has been set at $0.06 per trust unit.

The cash distribution will be paid on December 17, 2007 to unitholders of record on November 30, 2007.

When Builders was established, one million subordinated units were issued to the founders. The subordination feature expires on January 1, 2008. Prior to that time, if the distribution is less than $0.12 per unit per month, the subordinated unitholders do not receive a distribution and the distribution they forgo is allocated on a pro-rata basis to the regular unitholders. With the distribution at $0.06 per unit, the $60 thousand that would have been paid to the subordinated unitholders will be allocated to the regular unitholders and an estimated additional $0.00335 per unit will be paid to the regular unitholders for the November distribution.

In September 2007, Builders announced a Distribution Reinvestment Plan (the "Plan"). Details of the Plan are available on Builders' website at under the heading "Investors", or by calling the Trust at (403) 296-0344.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). Builders trust units have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

Based in Calgary, Builders Energy Services Trust is an open-end, unincorporated investment trust providing oilfield services in western Canada through skilled staff and specialized equipment. Builders provides services to the oil and gas industry related to the ongoing servicing of producing wells and new drilling activity.

This press release contains forward-looking statements including expectations of future revenue, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to: risks associated with the oilfield services sector (eg. demand, pricing and terms for oilfield services; current and expected oil and gas prices; exploration and development costs and delays; reserves discovery rates; pipeline and transportation capacity; weather, health, safety and environmental risks), integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures. Additional information on these and other factors that could affect the Trust's operations or financial results are included in the Trust's documentation and filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release. The Trust does not assume any obligation to update these forward-looking statements, except as required by law.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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