GasFrac Energy Services Inc.

GasFrac Energy Services Inc.

November 09, 2011 13:45 ET

GASFRAC Fracturing Technology Receives Prestigious Award

CALGARY, ALBERTA--(Marketwire - Nov. 9, 2011) - GASFRAC Energy Services Inc. (TSX:GFS) ("GASFRAC") has received the first annual World Shale Gas Award for Technological Innovator. GASFRAC was chosen for this prestigious award by an anonymous committee representing a distinguished cross-section of the natural gas industry.

The award recognizes the greatest technological breakthrough during the past year. While GASFRAC's LPG fracturing technology was launched more than a year ago, the committee felt that its potential impacts are so far reaching both economically and environmentally to merit the award.

The World Shale Gas Conference is an industry-acclaimed platform to profile the impact of shale gas on the global gas market. The conference was organized by the CWC Group, co-sponsored by International Gas Union (IGU) and co-hosted by the American Gas Association (AGA).

Robert Lestz, Chief Technology Officer of GASFRAC, commented, "It is a tremendous honor for GASFRAC's LPG fracturing technology to be recognized among a broad spectrum of industry members. Only rarely can a single technology breakthrough deliver both economic and environmental performance improvements."

Zeke Zeringue, GASFRAC President and Chief Executive Officer, added, "This was a well deserved award for GASFRAC. I joined the company because I see LPG fracturing technology as the future of North American well stimulation. It's gratifying to see that the World Shale Gas Conference agrees."

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.

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