United States

Profile: Enservco Corp (ENSV.N)

ENSV.N on New York Stock Exchange

22 May 2019
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Enservco Corporation, incorporated on February 28, 1980, provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company's services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services. The Company owns and operates a fleet of over 340 specialized trucks, trailers, frac tanks and other well-site related equipment and serves customers in various domestic oil and gas fields, including the DJ Basin/Niobrara field in Colorado, the Bakken field in North Dakota, the Marcellus and Utica Shale fields in Pennsylvania and Ohio, the Jonah Field, Green River and Powder River Basins in Wyoming, the Eagle Ford Shale in Texas and the Mississippi Lime, and Hugoton Fields in Kansas and Oklahoma.

Well Enhancement Services

Well enhancement services consist of frac water heating, acidizing, hot oiling services and pressure testing. These services are provided primarily by Heat Waves Hot Oil Service LLC (Heat Waves), which utilize a fleet of approximately 200 custom designed trucks and other related equipment. Heat Waves' operates in southwestern Kansas, northwestern Oklahoma, Texas panhandle, southern Wyoming (Niobrara), Colorado (D-J Basin), southwestern Pennsylvania/northwestern West Virginia (Marcellus Shale), eastern Ohio (Utica Shale), western North Dakota and eastern Montana (Bakken formation), and southern Texas (Eagle Ford Shale). Heat Waves owns and operates a fleet of approximately 53 frac heaters designed to heat water stored in reservoirs or frac tanks. Heat Waves supplies the acid solution and pumps that solution into a given well. Heat Waves owns and operates a fleet of over 60 hot oil trucks. It offers pressure testing, which consists of pumping fluids into wells or other components of the well system, such as flow lines to detect leaks. Hot oil trucks and pressure trucks are used to perform this service.

Fluid Services

The Company owns or leases, and operates approximately 65 water-hauling trucks and trailers equipped with pumps to move water from or into wells, tanks and other storage facilities. Each truck has a hauling capacity of approximately 130 barrels. The 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, and transport drilling and completion fluids to and from well locations. The Company also owns over four disposal wells in Kansas and Oklahoma that allow for the injection of salt water and incidental non-hazardous oil and natural gas wastes. The Company owns approximately 20 frac tanks, which can store approximately 500 barrels of water and are used by oilfield operators to store fluids at the well site, including fresh water, salt water, and acid for frac jobs, flowback, temporary production and mud storage. The Company uses hydropath technology under a sales agreement with HydroFLOW USA to remove bacteria and scale from water. The process uses electrical induction to eliminate down-hold scaling and corrosion. The Company provides well-site construction and roustabout services to as supplementary services to existing customer primarily in the Hugoton Basin.

Company Address

Enservco Corp

999 18th St Ste 1925N
DENVER   CO   80202-2533
P: +1303.3333678
F: +1302.6555049

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