October 31, 2014 4:42 AM ET

Energy Equipment and Services

Company Overview of GASFRAC Energy Services, Inc.

Company Overview

GASFRAC Energy Services Inc., an oil and gas service company, provides liquid petroleum gas fracturing services to oil and natural gas exploration and production companies in Canada and the United States. Its services are designed to enhance oil and natural gas production, and maximize recovery from a range of conventional and unconventional reservoirs. As of December 31, 2013, the company had three 32 tonne and sixteen 100 tonne sand storage vessels, fifty-four fracturing pumpers, and one hundred and eighty LPG storage tanks, and related equipment. GASFRAC Energy Services Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.

801 - 6 Avenue SW

Suite 1900

Calgary, AB T2P 3W2


Founded in 2006





Key Executives for GASFRAC Energy Services, Inc.

Chief Financial Officer
Total Annual Compensation: $62.5K
Senior Vice President of Operations
Total Annual Compensation: $220.0K
Senior Vice President of Corporate Services
Total Annual Compensation: $210.0K
Compensation as of Fiscal Year 2013.

GASFRAC Energy Services, Inc. Key Developments

GASFRAC Energy Services, Inc. Announces Three Year Contract Extension with Husky Energy

GASFRAC Energy Services Inc. announced the signing of a three-year contract extension with Husky Energy to provide fracturing services across the Company's operations in Western Canada (British Columbia, Alberta, Saskatchewan and Manitoba) through September 22, 2017.

GASFRAC Energy Services Inc. Signs Two Year Contract with BlackBrush Oil and Gas, L.P. to Provide Fracturing Services in South Texas

GASFRAC Energy Services Inc. announced the signing of a two year contract with BlackBrush Oil and Gas, L.P. (BlackBrush) to provide fracturing services in South Texas. The contract provides for a minimum commitment to GASFRAC of $7.2 million annually, with upside in economics as activity reaches BlackBrush's target levels. BlackBrush is expected to drill 24 new wells annually in the prolific San Miguel Formation, Maverick Basin, South Texas.

GASFRAC Energy Services, Inc. Announces Management Changes

GASFRAC Energy Services Inc. appointed an interim chief executive late last week, on the same day former chief executive James Hill left the company's top job. GASFRAC announced that Mark Williamson would serve as the company's interim chief executive and chairman while a search begins for a permanent replacement, expected by year-end. Also the company's board of directors announced that it will oversee a review of the business that is expected to create shareholder value, among other objectives. The company also appointed Larry Lindholm as lead independent director of GASFRACs board of directors and a member of its audit committee.

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