Stallion Oilfield Holdings, Inc. Announces Termination of Term Loan, Declaration of Dividend and Review of Strategic

  Stallion Oilfield Holdings, Inc. Announces Termination of Term Loan,
  Declaration of Dividend and Review of Strategic Alternatives

Business Wire

HOUSTON -- December 19, 2012

Stallion Oilfield Holdings, Inc. (the “Company”), today announced that its
Board of Directors has determined to terminate the previously announced senior
secured term loan transaction (the “Term Loan”) and declared a special cash
dividend of $4.00 per share that is to be paid to the Company’s stockholders
in 2012. The record date for the dividend will be December 20, 2012, and it
will be paid on December 24, 2012.

The Company’s Board of Directors determined to abandon the Term Loan in order
to explore and evaluate potential strategic alternatives available to the
Company that would be more advantageous to the Company’s stockholders than the
Term Loan. There can be no assurance that any strategic alternative will be
pursued or completed. The Company does not intend to disclose developments
with respect to its strategic review process unless and until its Board of
Directors has approved a specific transaction.

About Stallion

Stallion Oilfield Holdings, Inc. and its subsidiaries provide a wide range of
wellsite support, completion, production and logistics services to oil and gas
exploration and production companies, drilling contractors and other service
companies throughout the United States. The Company’s comprehensive suite of
services includes workforce accommodation units, production and fluid
logistics, surface equipment rental, solids control, wellsite construction and
remote communications. Stallion’s operations cover the most active and
prolific oil and natural gas basins in the US, including South Texas (Eagle
Ford Shale), ArkLaTex (Haynesville Shale), Marcellus/Utica Shales, North Texas
(Barnett Shale), the Mid-Continent (Woodford Cana/Granite Wash), Permian Basin
(Wolfcamp/Avalon/Bone Spring Shales), Rocky Mountain Regions (Niobrara/Bakken
Shale), the Gulf Coast (Tuscaloosa Marine Shale), offshore Texas and Louisiana
Gulf Coast, Prudhoe Bay (Alaska) and, to a lesser extent, certain
international waters. Additional information may be found at
www.stallionoilfield.com.

Cautionary Statement For Purposes Of The "Safe Harbor" Provisions Of The
Private Securities Litigation Reform Act Of 1995

This press release may contain statements which constitute forward-looking
statements within the meaning of the US Private Securities Litigation Reform
Act of 1995, including statements regarding the plans, intentions, beliefs and
current expectations of Stallion Oilfield Holdings, Inc., its directors, or
its officers with respect to our business and the oilfield service industry in
general.

Contact:

Stallion Oilfield Holdings, Inc.
David Schorlemer, 713-528-5544
 
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