QualityStocks would like to highlight ENSERVECO Corp. (OTCBB: ENSV). Through its various operating subsidiaries, ENSERVCO has rapidly 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 225 specialized trucks, trailers, frac tanks and related well-site equipment.
In the company’s news yesterday,
ENSERVECO Corp. announced that it has opened its operations center in Killdeer, North Dakota. The facility is centrally located in the Williston Basin’s Bakken Shale Formation, one of the largest and most active oil fields in the continental United States. It will serve a roster of major, mid-major and independent exploration and production customers with which ENSERVCO already does business. The company is a leading provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries.
The eight-acre site, which will house a fleet of specialized well-site service vehicles and construction equipment, also includes a maintenance shop, multiple offices and living quarters for up to 32 employees. Approximately 15 employees have begun work at the facility; management expects to increase the size of the workforce by more than double in the coming months.
ENSERVCO has had advance crews working in the Bakken for several weeks providing hot oiling and construction services. As average daily temperatures have begun to drop, requests for the company’s primary fluid heating services have been growing. The demand for fluid heating services can last up to 10 months of the year in the Bakken given the region’s relatively low average temperatures.
Rick Kasch, President and CFO, remarked, “The opening of the Killdeer facility comes less than a month after we launched operations in the northern portion of the Niobrara Shale Formation from a new facility in Cheyenne, Wyoming. These two facilities, which are operating in highly prolific unconventional shale plays, should help us continue to deliver strong quarter-over-quarter revenue growth for the foreseeable future.”
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
