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Accede Announces Capital Expansion

ACCEDE ANNOUNCES NEARLY $13 MILLION CAPITAL EXPANSION

Red Deer, Alberta – July 8, 2014

Accede Energy Services Ltd. is pleased to announce its 2014 capital growth program of $12.9 million. Accede’s Board of Directors voted unanimously in favour of the capital program at its latest Board meeting. Funds for the capital expansion will be provided by cash flow from operations and existing credit facilities. The growth capital will be used to bolster JET Rentals fleet of surface rental equipment, increase Latmann Equipment’s generator inventory, and expand product lines to and from the recently acquired Captive Oilfield Rentals out of Estevan, Saskatchewan.

“We are excited to expand our services into new areas as well as to increase our services offerings,” says Gord Fritz, President and CEO of Accede, “by undertaking this expansion program we will be better able to meet the growing demands of our customer base in all locations.”

Accede is an employee owned energy services company operating a variety of subsidiaries that include JET Rentals and Sales, Accede Fire and Safety, Wizard Valve Services, TNT Energy Services, Latmann Equipment, and Captive Oilfield Rentals. Accede has locations in Blackfalds, Calmar, Edson, and Estevan Saskatchewan while providing service offerings throughout Western Canada.

Contact:

Kris Fleckenstein

Vice President and CFO

Accede Energy Services Ltd.

403-885-3071

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Accede Fishing Derby raises money for charity

The annual Accede Energy Fishing Derby, held each year at Gull Lake, raised $845.00 for the Central Alberta Victim & Witness Support Society.  Read the thank you letter here.

Accede Energy acquires Captive Oilfield Rentals

FOR IMMEDIATE RELEASE

 

BLACKFALDS, AB (May 13, 2014)—Accede Energy has acquired Captive Oilfield Rentals, thus widening Accede’s ever-growing service area to include southeast Saskatchewan, Manitoba, and North Dakota.

Accede Energy’s offerings now incorporate Captive’s broad array of rental equipment, including 400-barrel slopped tanks, floc tanks, shale tanks, flare tanks, pumps, light towers, and cement bins. At the same time, Captive will be able to offer its clients Accede’s other products, such as fire safety services, valve services, communications equipment, generator services and completion rental equipment.

Former Captive owners Chad Farr and his group of investors have worked tirelessly since 2012 to build Captive into a successful high-end rental business. Farr and the group are now shareholders in Accede.

“I’m thrilled about our new ties with Captive because this presents another opportunity for growth,” said Gord Fritz, President and CEO of Accede. “Captive is expanding, and so are we. We’re working hard to serve all of Western Canada, and this moves us even further along that path.”

Since 2011, Accede Energy has also procured Jet Rentals & Sales, Accede Fire & Safety, Wizard Valve Services, and Latmann Equipment. By operating these energy industry companies and organizations in partnership, Accede combines resources to cultivate strategic growth. Being an employee owned and operated company Accede is able to provide tactical development opportunities for its employees and shareholders while increasing customer overall satisfaction.

About

 

ACCEDE ENERGY SERVICES LTD was formed by a group on investors in December of 2010. Accede is an employee owned and operated organization that acquires companies offering synergistic capabilities to one another.

CAPTIVE OILFIELD RENTALS LTD was founded in February 2012 and operates in Estevan, Sask. It is geared up to supply new premium surface drilling equipment with the broadest selection to service and meet its customers’ rental requirements within southeast Saskatchewan, Manitoba, and North Dakota. With years of experience and knowledge, Captive personnel take pride in providing excellent customer service and building a strong trusted relationship in which Captive can be a one-call solution.

Contact

 

Les Morris
Vice-President, Business Development
Accede Energy Services Ltd.
This email address is being protected from spambots. You need JavaScript enabled to view it.
(403) 885-5880

Accede Fire & Safety plays role in Canada Land HSE Award

Accede Fire and Safety is delighted to have been part of and acknowledged by the TGS/Arcis Three Hills 3D Project. At Accede we expect and encourage Health and Safety to be paramount with our team therefore our thanks to all the employees and contractors that help to create a strong safety environment.

Please review the attached letter that outlines our commitment to safe working values at Accede.