GasFrac Energy Services Inc.
TSX : GFS

GasFrac Energy Services Inc.

November 07, 2011 09:15 ET

GASFRAC Appoints Zeke Zeringue as President and CEO

CALGARY, ALBERTA--(Marketwire - Nov. 7, 2011) - The board of directors of GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) has appointed senior oilfield services executive Zeke Zeringue as the company's president and chief executive officer (CEO), effective immediately. Mr. Zeringue replaces founding CEO Dwight Loree, who is retiring. Mr. Loree will remain on the GASFRAC board of directors.

"We believe that Zeke is the ideal person to take GASFRAC to the next level and we are delighted to welcome him," said Gerry Roe, Chairman of the Board of Directors. "He knows our business inside and out and he recognizes the great potential of our proprietary LPG fracturing technology in oil and gas reservoir stimulation. To be able to attract a person of Zeke's caliber and experience to lead GASFRAC indicates the potential of the company, as we accelerate our expansion across North America."

W.J. (Zeke) Zeringue had a 28-year career with Halliburton, including serving as President of Halliburton Energy Services Group. Since leaving Halliburton in 1997, he has headed, founded and expanded smaller oil field service companies, including Shamrock Abandonment Services, Phoenix Offshore Solutions, eNersection.com, Inc. and its successor Wellogix, Inc., Orbis Oil and Gas, and Input/Output, Inc. (now ION Geophysical). Mr. Zeringue has worked consistently with technology-driven companies, developing and implementing the growth strategies to commercialize and expand innovative processes across the energy industry. Mr. Zeringue is also very active in industry and community organizations.

"I see an extraordinary opportunity at GASFRAC," said Mr. Zeringue. "This is a company with truly breakthrough technology. Getting that technology to industry customers across North America is a matter of building on the business strategy and working with the company's staff of expert employees to implement that strategy."

Coincident with Mr. Zeringue's appointment, GASFRAC President and Chief Operating Officer Reid MacDonald is leaving the company, effective immediately.

Commenting on the executive departures, Mr. Roe said, "We are grateful to our founder, Dwight Loree, for everything he has done to build the company to this level. We are pleased that Dwight has agreed to remain on the board of directors to assist with the executive transition. We also thank Reid MacDonald for his contributions, which included leading GASFRAC through our initial public offering and establishing us as a public company."

GASFRAC is an oil and gas service company headquartered in Calgary, Alberta, Canada, whose primary business is to provide LPG fracturing services to oil and gas companies in Canada and the USA.

Contact Information

  • Requests for shareholder information should be directed to:
    James M Hill
    Chief Financial Officer
    403-515-3387
    jhill@gasfrac.com

    Media requests should be directed to:
    Laurie Stretch
    403-531-0331
    lstretch@national.ca