Essential Energy Services Announces Credit Facility Renewal

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Essential Energy Services Ltd. 
TSX SYMBOL:  ESN 
MAY 29, 2014 
Essential Energy Services Announces Credit Facility Renewal 
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Essential Energy Services Ltd.
(TSX:ESN) ("Essential") has entered into a renewed credit agreement
dated May 29, 2014 (the "Credit Agreement") with a syndicate of
lenders including National Bank of Canada, The Toronto-Dominion Bank, HSBC Bank
Canada and Canadian Western Bank (the "Lenders"). The Credit
Agreement provides Essential with a three-year revolving $100 million secured
credit facility. In addition, there is an accordion feature that allows
Essential to increase the credit facility by $35 million at a future date,
subject to certain terms and conditions, including Lenders' consent. The
maturity date is May 31, 2017.  
On May 29, 2014, Essential had $41 million of debt outstanding. 
ABOUT ESSENTIAL 
Essential is a growth-oriented, dividend paying corporation that provides
oilfield services to producers in western Canada for producing wells and new
drilling activity. Essential operates the largest coil tubing well service
fleet in Canada with 47 coil tubing rigs and a fleet of 55 service rigs.
Essential also sells, rents and services downhole tools and equipment including
the Tryton Multi-Stage Fracturing System (Tryton MSFS(R)). Further information
can be found at www.essentialenergy.ca. 
The TSX has neither approved nor disapproved the contents of this news release. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Essential Energy Services Ltd.
Garnet K. Amundson
President and CEO
(403) 513-7272
service@essentialenergy.ca
or
Essential Energy Services Ltd.
Karen Perasalo
Investor Relations
(403) 513-7272
service@essentialenergy.ca 
INDUSTRY:  Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas 
SUBJECT:  STK 
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-0- May/29/2014 21:59 GMT
 
 
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