EcoStim announces strengthening of management team
HOUSTON, TEXAS, June 15, 2018 (GLOBE NEWSWIRE) -- Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) (“EcoStim” or the “Company”) announced today that it has promoted Lyoid Fussell to the position of Vice President - Sales and Technology. Lyoid has a strong background in completions and has served in both frac service companies and in operator completion organizations.
In his role as VP – Sales and Technology, Lyoid will continue to work closely with Jim Irsik, our Vice President of Operations and Tommy Monsey, our District Manager to support our operations. With our focused team, Lyoid will be a key part of our effort to support our efficiency driven “super-fleet” concept designed to deliver more stages per month.
Barry Ekstrand, EcoStim’s Chief Operations Officer, stated “Lyoid has been an outstanding addition to our team and a key pioneer in developing our “super-fleet” concept together with our primary customer and we look forward to creating an industry leading standard.”
Before joining EcoStim, Mr. Fussell worked in well completions at PetroQuest Energy where he was responsible for completions activities for Mid-Continent assets. More recently he worked with Ely & Associates as a field consultant. He has extensive experience in hydraulic fracturing project design and wellsite logistics. He received extensive training in hydraulic stimulation theory, fluid systems, design, analysis and operational execution in Engineering and Business Development roles with Halliburton.
About the Company
EcoStim is an environmentally focused oilfield service and technology company offering well stimulation and completion services and field management technologies to oil and gas producers drilling in the U.S. and international unconventional shale markets. In addition to conventional pumping equipment, EcoStim offers its clients completion techniques that can dramatically reduce horsepower requirements, emissions and surface footprint.
Certain statements and information in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “will,” “could” “offer to” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company is preparing for, plans, expects, believes or anticipates will or may occur in the future are forward-looking statements. Examples of forward-looking statements include, but are not limited to, the Company’s statements made relating to the future efficiency of the Company’s operations, and the Company’s strategic plan to operate a “super-fleet” in its U.S. operations. These statements are based on certain assumptions made by the Company based on management's experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections.
For additional information regarding known material factors that could cause our actual results to differ materially from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Investors should carefully consider the risk factors included in our filings, and should keep in mind the cautionary statements in this press release and in our filings.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact: Jeffrey Freedman, Investor Relations firstname.lastname@example.org 281-531-7200
Released June 15, 2018