ESES Stock UPDATES Eco-Stim Energy Solutions Inc. (ESES) 5.0000
Post# of 273217
Eco-Stim Energy Solutions Purchases 54,000 HHP of Tier 4 Compliant Pressure Pumping Equipment
GlobeNewswire - Wed Oct 15, 5:00AM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or the "Company" , (OTCQB:ESES) announced today that the Company has acquired 54,000 hydraulic horsepower (HHP) of the latest generation Tier 4 compliant turbine powered pressure pumping equipment. The acquisition includes twelve trailers uniquely outfitted with twin triplex pumps capable of generating 4,500 HHP from each trailer, thus substantially reducing the surface footprint. This pressure pumping equipment, which was manufactured in 2012, is expected to provide EcoStim with the pumping horsepower needed to pursue several identified growth opportunities.
Eco-Stim Energy Solutions Equipment Begins Transit to Operations Base in Neuquen City, Argentina
GlobeNewswire - Tue Oct 14, 5:01PM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or the "Company" , (OTCQB:ESES) announced today that its pressure pumping fleet and coiled tubing equipment are being transported to the Company's base in Neuquen City, Argentina. The equipment is expected to arrive in three days and will be readied for service in conjunction with the company's multi-year contract.
Eco-Stim Energy Solutions Completes Purchase of Operations Facility in Neuquen, Argentina
GlobeNewswire - Mon Oct 06, 6:11AM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or "the Company" , (OTCQB:ESES) today announced that it has closed on the purchase of the land and facility to operate from in Neuquen, Argentina. The twelve-acre property is located in Plottier City (15 km from the Neuquen Capital) with easy access to the oil and gas fields being developed in the Province. The Company intends to operate its pressure pumping, coiled tubing and field management services from this base. The property is large enough to accommodate the Company's expected growth.
Eco-Stim Energy Solutions Orders Second Pressure Pumping Fleet in Support of Its Growing Operations in Neuquen, Argentina
GlobeNewswire - Fri Oct 03, 1:18PM CDT
Eco-Stim Energy Solutions, Inc. (OTCQB:ESES) ("EcoStim" or "the Company" today announced that it has placed an order for its second pressure pumping fleet to be deployed in Neuquen, Argentina, home of the world's third largest shale play. The Company has had expressions of interest from numerous customers as the demand for quality pressure pumping equipment continues to grow. We believe the Vaca Muerta formation and growing tight gas activity continue to absorb the available supply of equipment. The oil and gas producers in the region who are developing unconventional, tight gas and conventional reservoirs are in need of good equipment and service capabilities and EcoStim is anxious to work with these producers to streamline the completion process and reduce cost.
Eco-Stim Energy Solutions Announces Effectiveness of Form S-1 Resale Registration Statement
GlobeNewswire - Mon Sep 22, 5:00AM CDT
Eco-Stim Energy Solutions, Inc. (OTC:ESES) ("EcoStim" or the "Company" announced today that on September 19, 2014, the Securities and Exchange Commission (the "SEC" declared effective the Company's registration statement on Form S-1 relating to the resale of up to 7,758,321 shares of EcoStim's common stock (including approximately 1,977,314 shares issuable upon the conversion of outstanding debt), par value $0.001 per share, by certain selling stockholders. The Company will not receive any proceeds from any sales by selling stockholders, and the Company is not aware of any plans by selling stockholders to effect such resales.
Eco-Stim Energy Solutions to Present at 12th Annual IPAA OGIS Conference in San Francisco
GlobeNewswire - Wed Sep 17, 3:31PM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or "the Company" , (OTCQB:ESES) today announced that J. Chris Boswell, the company's Chief Executive Officer, is scheduled to present a corporate overview at the upcoming IPAA Oil & Gas Investment Symposium (OGIS) San Francisco Conference on Wednesday, September 24, 2014, at 11:50 AM PST. The 12 Annual OGIS San Francisco conference, which begins on September 22, 2014, will be held at the Palace Hotel. Several hundred institutional investors, research analysts, high net worth investors and oil and gas industry executives will be on hand to hear corporate profiles from public exploration and production and service and supply companies.
Eco-Stim Energy Solutions Completes Equity Private Placement
GlobeNewswire - Wed Jul 09, 4:24PM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or "the Company" (OTCQB:ESES) today announced that Albright Capital Management, LLC ("ACM" , an emerging markets investment firm headquartered in Washington, DC exercised its option to purchase 1,333,333 shares of the Company's common stock at $6 per share for net proceeds of approximately $8 million, pursuant to the previously announced securities purchase option agreement, dated May 29, 2014 (the "Option Agreement" . This option was granted to ACM in connection with the $22 million convertible debt facility the Company closed with ACM in May 2014. The Company has borrowed $11.8 million under the convertible debt facility. In connection with the consummation of the exercise of the option, ACM will have the ability to appoint two additional members to the EcoStim board of directors. The Company intends to use the net proceeds of approximately $30 million from the exercise of ACM's option and the convertible note facility for working capital and capital expenditures related to additional well stimulation and coiled tubing assets to be utilized in the rapidly growing Argentina oilfield service market. In accordance with the Option Agreement, the closing of the option exercise is expected to occur within three days and is subject to customary closing conditions.
Eco-Stim Energy Solutions to Present at the 5th Annual Global Hunter Securities Energy Conference in Chicago
GlobeNewswire - Thu Jun 19, 5:00AM CDT
Eco-Stim Energy Solutions, Inc. ("EcoStim" or "the Company" , (OTCQB:ESES) today announced that J. Chris Boswell, the Company's Chief Executive Officer, is scheduled to present a corporate overview at the upcoming Global Hunter Securities (GHS) Energy Conference on Tuesday, June 24, 2014, at 4:30 pm CDT. The 5th Annual GHS Energy Conference, which begins on Monday, June 23, 2014, will be held at the JW Marriott Hotel in downtown Chicago. The conference will feature management presentations from over 100 energy-related companies in the exploration and production, oilfield services and equipment, midstream, marine shipping and industrial sectors.
EcoStim Energy Solutions to Present at 20th Annual IPAA OGIS Conference in New York
GlobeNewswire - Wed Apr 02, 6:00AM CDT
EcoStim Energy Solutions, Inc. ("EcoStim" or "the Company" , (OTCQB:ESES) today announced that Chris Boswell, the company's Chief Executive Officer, is scheduled to present a corporate overview at the upcoming IPAA Oil & Gas Investment Symposium (OGIS) New York Conference on Wednesday, April 9, 2014 at 2:25 p.m. EDT. The 20th Annual OGIS New York conference, which begins on Monday April 7, 2014, will be held at the Sheraton New York Times Square Hotel. About 1,500 Institutional investors, research analysts, high net worth investors and oil and gas industry partners will be on hand to hear corporate profiles from 86 leading public exploration and production and service and supply companies.
EcoStim Energy Solutions to Host Investor Meetings at Howard Weil's 42nd Annual Energy Conference
GlobeNewswire - Thu Mar 20, 5:00AM CDT
EcoStim Energy Solutions, Inc. ("EcoStim" or "the Company" , (OTCQB:ESES) today announced that the company will be participating in the upcoming Howard Weil Energy Conference.