Competing
in the services niche of the $750 billion oil and gas industry is no easy feat.
For Alberta-based oilfield services firm Intercept Energy Services, competition
is hinged to innovation and centered on a patent-pending propane-powered frac
water heating technology called HE Heaters.
Oil and
gas exploration and production companies use HE Heaters as a cost-effective and
safe alternative to traditional heating methods. Equipped with numerous safety
shut-offs and minimal to zero radiant heat emanating from an encased burner,
the HE heating system has no exposed flame and virtually eliminates on-site
injuries/accidents associated with traditional water heating methods.
In
addition to the safety values of HE Heating systems, the proprietary technology
boasts environmental advantage over traditional heating systems. IESCF’s
superheaters completely and cleanly burn fuel and transfer nearly all of the
heat to the water rather than out the stack, resulting in nearly zero radiant
heat.
IESCF has
identified the North American market as the fastest route of generating new
income and thus has established a strategy to deploy additional HE Heaters via
exclusive use of and rights to operate the water heating units in Canada and
further in certain areas in the United States. IESCF also specializes in
unconventional energy extraction and related services such as oil sands
processing, oilfield equipment, and oilfield waste disposal and recovery of
reusable products from waste.
In its
recently reported third-quarter results, IESCF posted revenue growth of 121% to
$0.8 million, marking a YTD increase of 85% to $2.6 million compared to the
first nine months of 2013. IESCF narrowed its third-quarter net loss by 17% to
$0.5 million, excluding other items, compared to a net loss of $0.6 million in
the same quarter last year. Net income for the third quarter of 2014 was $2.2
million compared to a net loss of $0.7 million for the same quarter last year.
Much of
the company’s growth can be attributed to strong leadership and management’s
ability to plot out and execute an expansion plan. IESCF CEO D. Randy Hayward,
B. Comm., LLB, for two decades has maintained a successful law practice in
Edmonton, Alberta, Canada. In addition to founding, managing and marketing
Canadian Dispute Resolution (Alberta) Ltd., Hayward has 15 years of experience
working with numerous private and public companies for which he was responsible
for fund raising, strategic planning and business development in various
positions. He has been a consultant to a number of successful public companies
trading on the TSX Venture Exchange, raising investment capital, and working in
corporate communications, business development and investor relations.
IESCF
president and COO Keith Morlock has built an impressive track record of
achieving rapid corporate growth for oil and gas services companies. In his
most recent role as president of 640energy, LLC, Morlock established the
company as a leading oil field services firm serving the Bakken Shale in North
Dakota, Utah and other areas in North America. He has also served in executive
management roles for public and private oil field services companies where he
oversaw their turnaround from a loss to a net profit of more than $2 million
within one year and secured contracts with major oil and gas OEMs and
production companies.
With
guidance of experienced management and through the deployment of innovative
frac water heating technology, IESCF is pursuing additional opportunities for
expansion throughout North America to achieve the ultimate goal of increasing
revenues and earnings. With growth and market penetration leading the company’s
objectives, IESCF is solidifying its footprint as a valuable industry
competitor.
For more
information visit www.InterceptEnergy.ca
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
Sign up
for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The
Quality Stocks Daily Blog http://blog.qualitystocks.net
The
Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The
Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see
disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment