SOURCE: ENSERVCO

ENSERVCO

May 03, 2011 07:00 ET

ENSERVCO Corporation Expands Presence in Niobrara Shale; New Cheyenne, Wyo. Facility to Address Increasing Demand

Growing Workload in Niobrara Extending Company's Busy Season

COLORADO SPRINGS, CO--(Marketwire - May 3, 2011) - ENSERVCO Corporation (OTCBB: ENSV), a provider of well-site services to the domestic onshore oil and gas industry, today announced it is expanding its presence in the active Niobrara Shale region of the Central United States, and has executed a lease on a new operations facility in Cheyenne, Wyo.

The Cheyenne site is being established to address growing demand in the northern portion of the Niobrara, where several current customers are accelerating horizontal drilling programs and making significant investments in new leases, infrastructure and personnel.

"This expansion parallels the geographic growth of our customers," said Mike Herman, chairman and CEO. "Between our facilities in Greeley, Colo. and our new Cheyenne site, we have established a major presence in what is becoming one of the nation's most active onshore exploration and production regions."

The Cheyenne facility will initially serve more than a dozen customers, including Chesapeake, Anadarko, Whiting and Exxon Mobil. The 5,400 sq. ft. facility, which is expected to be operational by Aug. 1, will sit on roughly four acres, and will stage a fleet of service vehicles that will include hot oiling, frac heating, acidizing and water hauling trucks, as well as well-site construction equipment.

Herman said, "Our growing workload in this region is significantly extending our busy season, as fluid heating needs in the northern Niobrara typically cover 10 months of the year. This is more than double the length of our heating season in the Marcellus Shale."

About ENSERVCO
Through its two operating subsidiaries, Heat Waves Hot Oil Service and Dillco Fluid Service, ENSERVCO has emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 200 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO operates in Colorado, Kansas, New Mexico, Oklahoma, Pennsylvania, Texas, Utah and Wyoming. ENSERVCO became a public company in July 2010 when it merged with Aspen Exploration Corporation, which is now doing business under the trade name ENSERVCO Corporation. Additional information about the Company is available at www.enservco.com.

Cautionary Note Regarding Forward-Looking Statements
This news release contains information that is "forward-looking" in that it describes events and conditions ENSERVCO reasonably expects to occur in the future. Expectations for the future performance of ENSERVCO are dependent upon a number of factors, and there can be no assurance that ENSERVCO will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond ENSERVCO's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in a Form 10-K filed on September 29, 2010. It is important that each person reviewing this release understand the significant risks attendant to the operations of ENSERVCO. ENSERVCO disclaims any obligation to update any forward-looking statement made herein.

Contact Information

  • CONTACT:
    Geoff High
    Pfeiffer High Investor Relations, Inc.
    303-393-7044