Pure Energy Services Ltd.
TSX : PSV

Pure Energy Services Ltd.

May 13, 2008 16:15 ET

Pure Energy Services Ltd. Announces the Award of an Additional Fracturing Services Contract

CALGARY, ALBERTA--(Marketwire - May 13, 2008) - Pure Energy Services Ltd. ("Pure Energy") (TSX:PSV) announced today that its wholly-owned subsidiary Pure Energy Services (USA), Inc. ("Pure USA") has been awarded a contract by a major independent oil and gas producer for the provision of fracturing services in the Piceance Basin in Colorado. The contract is for the provision by Pure USA of 50% of the producer's fracturing services in a portion of the Piceance Basin. The contract will commence on or about June 15, 2008. As a result of the services to be performed under this contract and the previously announced fracturing services contracts, utilization of Pure USA's first two fracturing spreads will increase significantly in the second half of 2008.

Pure Energy is an oilfield services company that provides completion and drilling related services to oil and gas exploration and development entities in the Western Canadian Sedimentary Basin ("WCSB") and, through its wholly-owned subsidiary, Pure Energy Services (USA), Inc., in the Rocky Mountain region of the United States.

Pure Energy currently provides logging and perforating, production testing, multiline, drilling, drilling rental and pressure transient analysis services to customers in the WCSB, and also provides production testing, logging and perforating, and fracturing services to customers in the US Rocky Mountain region.

Contact Information

  • Pure Energy Services Ltd.
    Kevin Delaney
    President and CEO
    (403) 262-4000
    Email:kdelaney@pure-energy.ca
    or
    Pure Energy Services Ltd.
    Michael Baldwin
    Chief Financial Officer
    (403) 262-4000
    Email: mbaldwin@pure-energy.ca
    or
    Pure Energy Services Ltd.
    #300, 1010 - 1st Street S.W.
    Calgary, Alberta T2R 1K4
    (403) 262-4000
    (403) 262-4005 (FAX)