Enserveco Expands Niobara Presence

Enserveco Expands Niobara Presence

Tuesday, May 03, 2011
ENSERVCO

ENSERVCO Corp., a provider of well-site services to the domestic onshore oil and gas industry, on Tuesoday announced it is expanding its presence in the active Niobrara Shale region of the Central United States, and has executed a lease on a new operations facility in Cheyenne, Wyo.

The Cheyenne site is being established to address growing demand in the northern portion of the Niobrara, where several current customers are accelerating horizontal drilling programs and making significant investments in new leases, infrastructure and personnel.

"This expansion parallels the geographic growth of our customers," said Mike Herman, chairman and CEO. "Between our facilities in Greeley, Colo. and our new Cheyenne site, we have established a major presence in what is becoming one of the nation's most active onshore exploration and production regions."

The Cheyenne facility will initially serve more than a dozen customers, including Chesapeake, Anadarko, Whiting and Exxon Mobil. The 5,400 sq. ft. facility, which is expected to be operational by Aug. 1, will sit on roughly four acres, and will stage a fleet of service vehicles that will include hot oiling, frac heating, acidizing and water hauling trucks, as well as well-site construction equipment.

Herman said, "Our growing workload in this region is significantly extending our busy season, as fluid heating needs in the northern Niobrara typically cover 10 months of the year. This is more than double the length of our heating season in the Marcellus Shale."

Through its two operating subsidiaries, Heat Waves Hot Oil Service and Dillco Fluid Service, ENSERVCO has emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 200 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO operates in Colorado, Kansas, New Mexico, Oklahoma, Pennsylvania, Texas, Utah and Wyoming. ENSERVCO became a public company in July 2010 when it merged with Aspen Exploration Corporation, which is now doing business under the trade name ENSERVCO Corp.