With operating subsidiaries across the United States, ENSERVO has rapidly emerged as one of the energy service industry’s leading providers of hot oiling, acidizing, frac heating and fluid management services. Today, ENSERVO took another step forward with the announcement they have opened a new operations center in Cheyenne, Wyoming.
The new facility will help expand the market share of the young company. It was established to support an expanding roster of customers operating in the active Niobrara Shale formation in southeast and central Wyoming.
With this announcement, management at ENSERVO expects demand for the corporation’s core heating services to expand rapidly in the coming weeks as temperatures in the region begin to decline. Initial revenue contributions are expected to begin starting with the third fiscal quarter ending September 30, 2011.
Leading the way at ENSERVO is Mike Herman whom serves as the company’s chairman and CEO. Herman stated, “Our successful push into the Niobrara and Bakken regions represents a key strategic milestone that positions ENSERVCO to significantly accelerate its financial growth during the coming quarters. Going forward, we will continue to actively explore new services that we hope to offer as part of our single-source well-site service model.”
ENSERVO CFO and President Rick Kasch added, “Our Cheyenne facility and our soon-to-open Bakken operations center in Killdeer, North Dakota are positioning ENSERVCO as a key well-site service provider in two of the most active oil and gas basins in the country. Customers have already indicated they expect to have a significant need for our heating, well stimulation and fluid management services during the coming fall, winter and spring seasons. These new facilities will enable us to address that demand.”
Currently, ENSERVO is trading in the $1.26. To learn more about ENSERVO, visit the company’s website at: www.enservo.com.
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