Essential Energy Services Confirms No Corporate Developments

CALGARY, ALBERTA--(Marketwire - Feb. 17, 2012) - Essential Energy Services Ltd. (TSX:ESN) ("Essential" or the "Company"), at the request of market surveillance on behalf of the Toronto Stock Exchange, confirms that as of the date of this news release, there are no corporate developments and the Company is not aware of any material undisclosed developments that would cause the recent movements in the Company's share price.

ABOUT ESSENTIAL

Essential operates the largest coil tubing well service fleet in Canada with 51 coil tubing rigs and a fleet of 59 service rigs. Essential is a growth-oriented corporation that provides oilfield services to oil and gas producers in western Canada for servicing producing wells and new drilling activity. Essential also sells, rents and services downhole tools and equipment including the Tryton Multi-Stage Fracturing System. Further information can be found at www.essentialenergy.ca.