Green Field Energy Services Deploys Third New Hydraulic Fracturing Spread

LAFAYETTE, La., July 11, 2012 /PRNewswire/ -- Green Field Energy Services, Inc. (CUSIP: 39304KAA4), announces the deployment of a second turbine-driven hydraulic fracturing spread for Shell in the Eagle Ford Shale, marking the 3rd fracturing spread in operation, with a total of 118,000 hydraulic horsepower (HHP) of Turbine-Driven Frac Pumps. Green Field President Rick Fontova stated, "Green Field is proud to deliver our second spread of turbine-driven fracturing pumps to Shell.  Working closely together, we have achieved outstanding results thus far and the operational performance has exceeded our expectations."

Green Field's turbine-driven pumps substantially reduce emissions by 87% when operating on #2 diesel fuel, and are engineered to operate on multiple fuel sources, including natural gas.  The ability to perform pressure pumping services while running on natural gas, without sacrificing rates or efficiencies, is a primary focus of Green Field's business model and competitive advantage.

Green Field's second spread for Shell will consist of 16 Turbine-Driven Frac Pumps, totaling 38,400 HHP, and will operate in the Eagle Ford Shale near Carrizo Springs, Texas.  To assist with operations in South Texas, Green Field has opened a satellite district, with plans to create a permanent operations base in 2012.

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.


Rick Fontova


337-706-1720




DRG&L


Ken Dennard / Ben Burnham


713-529-6600

SOURCE Green Field Energy Services, Inc.



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