SECURE Energy Services Inc. Announces Closing of the Acquisition of Predator Midstream Ltd.

SECURE Energy Services Inc. Announces Closing of the Acquisition of Predator 
Midstream Ltd. 
CALGARY, ALBERTA -- (Marketwired) -- 08/15/14 --   SECURE Energy
Services Inc. ("Secure" or the "Corporation") (TSX: SES) is pleased
to announce that it has completed the previously announced
acquisition of all of the assets of Predator Midstream Ltd.
("Predator") for an aggregate purchase price of approximately $107
million. The purchase price, after closing adjustments, was paid with
$65 million in cash and the issuance of 1,824,580 common shares of
Secure valued at $23.02 per share. 
About SECURE Energy Services Inc. 
SECURE is a TSX publicly traded energy services company that focuses
on providing specialized services to upstream oil and natural gas
companies. 
The Corporation operates three divisions: 
Processing, Recovery and Disposal Division ("PRD"): The PRD division
owns and operates midstream infrastructure that provides processing,
storing, shipping and marketing of crude oil, oilfield waste disposal
and recycling. Specifically these services are clean oil terminalling
and rail transloading, custom treating of crude oil, crude oil
marketing, produced and waste water disposal, oilfield waste
processing, landfill disposal, and oil purchase/resale service.
Secure currently operates a network of facilities throughout western
Canada and in North Dakota, providing these services at its full
service terminals, landfills and stand-alone water disposal
facilities. 
Drilling Services Division ("DS"): The DS division provides equipment
and chemicals for building, maintaining, processing and recycling of
drilling and completion fluids. The drilling fluids service line
comprises the majority of the revenue for the division which includes
the design and implementation of drilling fluid systems for producers
drilling for oil, bitumen and natural gas. The DS division focuses on
providing products and systems that are designed for more complex
wells, such as medium to deep wells, horizontal wells and horizontal
wells drilled into the oil sands. 
OnSite Division ("OS"): The operations of the OS division include
environmental services which provide pre-drilling assessment
planning, drilling waste management, remediation and reclamation
assessment services, laboratory services, and "CleanSite" waste
container services; integrated fluid solutions which include water
management, recycling, pumping and storage solutions; and projects
which include pipeline integrity (inspection, excavation, repair,
replacement and rehabilitation); demolition and decommissioning and
reclamation and remediation of former wellsites, facilities,
commercial and industrial properties. 
Contacts:
SECURE Energy Services Inc.
Rene Amirault
Chairman, President and CEO
(403) 984-6100
(403) 984-6101 (FAX) 
SECURE Energy Services Inc.
Allen Gransch
Executive Vice President and CFO
(403) 984-6100
(403) 984-6101 (FAX)
www.SECURE-energy.ca
 
 
Press spacebar to pause and continue. Press esc to stop.