CES Energy Solutions Corp. Announces the Appointment of a New Director
CALGARY, Alberta, Dec. 12, 2018 (GLOBE NEWSWIRE) — CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC – Nasdaq Intl: CESDF) is pleased to announce the appointment of Spencer D. Armour, III, to the Board of Directors. Mr. Armour has over 30 years of executive and entrepreneurial experience in the energy services industry and is based in Midland, Texas. Mr. Armour is currently Chairman of the Board of Directors of ProPetro Holding Corp., where he has been a director since 2013, a board member of Viper Energy Partners, LP since 2017 and also serves as President of PT Petroleum LLC. He was the Vice President of Corporate Development for Basic Energy Services, Inc. from 2007 to 2008, which acquired Sledge Drilling Corp., a company Mr. Armour co-founded and served as Chief Executive Officer for from 2005 to 2006. From 1998 through 2005, he served as Executive Vice President of Patterson-UTI Energy, Inc., which acquired Lone Star Mud, Inc., a company Mr. Armour founded and served as President for from 1986 to 1997. He also served on the Patterson-UTI Board of Directors from 1999 through 2001. Mr. Armour received a B.S. in Economics from the University of Houston in 1977 and was appointed to the University of Houston System Board of Regents for a six year term in 2011 by former Texas Governor, Rick Perry.
“We are pleased to add such an accomplished Midland, Texas based industry veteran to our Board of Directors,” said Tom Simons, CEO of CES Energy Solutions. “Spencer has demonstrated his commitment and leadership in the industry for over three decades and will play an integral role in further leveraging our significant infrastructure and operations in the U.S. in general, and in the Permian Basin, in particular. His knowledge, reputation and experience will be invaluable as we work together in continuing to build out our Company. We are grateful to have Spencer on the team.”
About CES Energy Solutions Corp.
CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.
Additional information about CES is available at www.sedar.com or on the Company’s website at www.cesenergysolutions.com.
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CES Energy Solutions Corp.
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