NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Enservco Corporation.
Enservco Corporation (OTCBB:ENSV) provides oilfield services to the domestic onshore oil and natural gas industry. These services include frac heating, hot oiling, acidizing, pressure testing, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction and other general oilfield services.
The Company operates in northwestern West Virginia and southwest Pennsylvania in the Marcellus Shale region; southern Wyoming and Colorado (D-J Basin and Niobrara formation); southwestern Kansas and northwestern Oklahoma; northeastern Utah (Uintah Basin); and northern New Mexico. The company recently announced it is opening new operations centers in North Dakota and Wyoming to serve customers operating in the Bakken Shale and Niobrara formations, respectively.
Enservco's customers include independent and major oil and natural gas companies, including ExxonMobil, Chesapeake Energy, Anadarko, EQT, XTO Energy, EOG Resources and others. Enservco's Heat Waves subsidiary, which generated approximately 65% of the company's 2010 revenue, provides a range of well stimulation/maintenance services that assist in the fracturing of oil and gas formations; and also help maintain and enhance the production of existing wells throughout their productive lives. These well enhancement services include frac heating, hot oiling and acidizing. Heat Waves, which also provides water hauling and well site construction services, utilizes a fleet of approximately 100 custom designed trucks and other related equipment.
The company’s Dillco Fluid Service, Inc., subsidiary primarily provides water hauling, disposal and storage services; well site construction services and frac tank rental. The company’s fleet of water hauling trucks are used to transport water to fill frac tanks on well locations; transport contaminated water produced as a by-product of producing wells to disposal wells (including five disposal wells that Enservco owns and operates); transport drilling and completion fluids to and from well locations; and transport the flow-back produced as a result of the fracturing process from the well site to disposal wells.
S&P Factual Stock Report coverage on Enservco Corporation will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.enservco-corporation.com for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about Enservco Corporation and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.
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