Wednesday, September 21, 2011

ENSERVECO Corp. (ENSV) Opens Operations Center in North Dakota

Today, 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.”

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