Green Field Energy Services Achieves 100 Successful Frac Stages With Clean Turbine Pumping Technology

LAFAYETTE, La., May 29, 2012 /PRNewswire/ -- Green Field Energy Services, Inc. today announced a milestone of 100 completed fracturing stages, with rates reaching 105 barrels per minute, performed in the Eagle Ford Shale, Woodford Shale, and Texas Panhandle.  This achievement comes through the tireless efforts and determination of the entire Company, and the vision of using clean turbine pumping technology to realize this goal.   

Jerry Broussard, Green Field's Vice President of Operations, added, "GFES continues to push forward successfully, by reducing onsite emissions by 87% with a compact footprint and the highest power density on the market.  Also, through vertical integration of our own frac sand and coiled tubing services, and with our natural gas fuel capability, we have the best value proposition of any service company."

About Green Field Energy Services

Green Field Energy Services, Inc. is an independent oilfield services company that provides a wide range of services to oil and natural gas drilling and production companies to help develop and enhance the production of hydrocarbons. The Company's services include hydraulic fracturing, cementing, coiled tubing, pressure pumping, acidizing and other pumping services.

In December 2010, Green Field became the first company to provide hydraulic fracturing services utilizing turbine-powered pumping equipment.  The Company believes that its technology provides several advantages over the diesel-powered pumping equipment generally utilized in the industry, including significantly lower emissions, a smaller operating footprint, lower manufacturing costs, lower operating costs and greater fuel flexibility, including the ability to operate on natural gas.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements may be identified by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. Forward-looking statements reflect our current views about future events, are based on assumptions, and are subject to known and unknown risks and uncertainties. Many important factors could cause actual results or achievements to differ materially from any future results or achievements expressed in or implied by our forward-looking statements. Many of the factors that will determine future events or achievements are beyond our ability to control or predict. These forward-looking statements reflect our views and assumptions only as of the date such forward-looking statements are made. You should not place undue reliance on forward-looking statements. Except as required by law, we assume no responsibility for updating any forward-looking statements nor do we intend to do so. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements.

CONTACTS:

Green Field Energy Services, Inc.


Andrew Ward


337-706-1700




DRG&L


Ken Dennard / Ben Burnham


713-529-6600

 

SOURCE Green Field Energy Services, Inc.




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