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Frontier Energy Group, LLC Acquires Canary Wellhead to Become National Oilfield Services Company



  Frontier Energy Group, LLC Acquires Canary Wellhead to Become National
  Oilfield Services Company

  Largest Acquisition to Date Takes Company Beyond its Bakken Roots into All
                            Major Shale Oil Plays

Business Wire

DENVER & OKLAHOMA CITY -- January 15, 2013

In its eighth acquisition in four years, Frontier Energy Group, LLC has
purchased Oklahoma City-based Canary Wellhead as part of the company’s
strategy to buy highly regarded oilfield service (OFS) brands that expand the
company’s footprint and service offerings. Effective today, the company will
operate under the name Canary, LLC (www.canaryusa.com), headquartered in
Denver.

A member of the Canary, LLC team with the new company logo. (Photo: Business
Wire)

A member of the Canary, LLC team with the new company logo. (Photo: Business
Wire)

The multi-million dollar agreement creates a $100 million revenue company with
26 locations across the United States, servicing customers in every major
shale oil and gas region. Already the largest OFS provider in North Dakota’s
Bakken, the transaction makes the new company one of the largest privately
held OFS companies in the nation.

“Canary Wellhead enables Frontier to further its acquisition strategy to
operate in all major plays and provides our customers with one-stop shopping
and in-house design and build capabilities,” says Frontier CEO Dan Eberhart.
“The new Canary will compete nationally with the biggest multinationals, while
still providing the high level of care and attention that our customers have
come to expect.”

The acquisition joins two long-standing companies with more than 50 years of
industry expertise, and is expected to boost the new company’s profitability
by 50 percent. Canary LLC’s customer base will approximate 900 customers of
all sizes, including such brands as Hess, ExxonMobil, Chevron and
ConocoPhillips. CEO Dan Eberhart will lead Canary, LLC with Canary Wellhead
officers, Lynn Blevins and Jim Chappell, joining the new team as vice
presidents.

“This deal is a great win for our customers, who will benefit from the new
Canary’s fully turnkey services, and we’re excited to be a part of the new
company,” said Blevins. “Our combined expertise will help Canary maintain
consistent and exceptional service, and we look forward to helping our
customers have a successful 2013.”

About Canary LLC:

Based in Denver, Colo., Canary LLC provides comprehensive oilfield drilling
and production services to oil and gas companies throughout the United States.
Canary is one of the nation’s largest independently held oil field services
(OFS) companies. With 26 locations, Canary operates in every major shale oil
and gas region in the United States, including North Dakota’s Bakken,
Colorado’s Niobrara, Oklahoma’s Woodford and Ohio’s Utica. Canary LLC offers
turnkey services to its customers for all of their drilling and production
needs. To learn more, visit www.canaryusa.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130115005462/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50531497&lang=en

Contact:

Canary USA
Geoff Renstrom, 208-871-9280
media@canaryusa.com
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