CALGARY, ALBERTA--(Marketwired - May 15, 2014) - Secure Energy Services Inc. ("Secure") (TSX:SES) is pleased to announce that its Board of Directors has declared a dividend for the month of June 2014 of $0.0167 per common share ("Common Share") payable on or about June 16, 2014 to shareholders of record on June 1, 2014. The ex-dividend date is May 28, 2014. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). Shareholders are reminded that the Dividend Reinvestment Plan ("DRIP") is available to all eligible shareholders. To be an eligible shareholder, a shareholder must be resident in Canada and must not be a "U.S. person" within the meaning of U.S. federal securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
ABOUT SECURE ENERGY SERVICES INC.
Secure is a TSX publicly traded energy services company that provides safe and environmentally responsible fluids and solids solutions to the oil and gas industry.
The Corporation operates three divisions:
Processing, Recovery and Disposal Division ("PRD"): Operating under the name Secure Energy Services Inc., the PRD division owns and operates midstream infrastructure that provides processing, storing, shipping and marketing of crude oil, oilfield waste disposal and recycling. Specifically these services are clean oil terminalling, custom treating of crude oil, crude oil marketing, produced and waste water disposal, oilfield waste processing, landfill disposal, and oil purchase/resale service. Secure currently operates a network of facilities throughout western Canada and in North Dakota, providing these services at its full service terminals, landfills and stand-alone water disposal facilities.
Drilling Services Division ("DS"): Operating under the name Marquis Alliance Energy Group Inc. (together with its wholly owned subsidiaries "Marquis Alliance"), the trade name XL Fluid Systems, and the name Target Rentals Ltd, the DS division provides equipment and chemicals for building, maintaining, processing and recycling of drilling and completion fluids. The drilling fluids service line comprises the majority of the revenue for the division which includes the design and implementation of drilling fluid systems for producers drilling for oil, bitumen and natural gas. The DS division focuses on providing products and systems that are designed for more complex wells, such as medium to deep wells, horizontal wells and horizontal wells drilled into the oil sands.
On Site Division ("OS"): The OnSite Services division was established April 1, 2013 as a result of the Frontline Integrated Services Ltd. ("Frontline") acquisition. Operating under the name of Frontline, the operations of the OS division include environmental services which provide pre-drilling assessment planning, drilling waste management, remediation and reclamation of former wellsites, facilities, commercial, and industrial properties, and laboratory services; integrated water solutions which include water management, recycling, pumping and storage solutions; "CleanSite" waste container services; pipeline integrity (inspection, excavation, repair, replacement and rehabilitation); demolition and decommissioning. These services are offered throughout the WCSB.