Jeff Newman

The Group's principal activity is that of an open-end, unincorporated investment trust providing oilfield services in Western Canada through skilled staff and specialized equipment. The Trust provides services to both producing and newly drilled conventional crude oil and natural gas wells in the oil and gas industry. The services are offered through three operating segments: Service Rigs, Oilfield Transport and Downhole Services and Rentals. The Services Rigs division provides production and completion services. The Oilfield Transport segment provides general oilfield hauling and rig relocation services. The Downhole Services and Rentals division provides downhole tools sales and services, coil-tubing and nitrogen services, wireline and equipment rentals.

Essential Energy Services Ltd. engages in the provision of oilfield services to oil and natural gas exploration and production companies. It operates through the Essential Coil Well Service,Tryton and Corporate segments. The ECWS segment offers completion, production services and comprises fleet of coil tubing rigs, fluid and nitrogen pumpers, and ancillary equipment. The Tryton segment includes downhole tools and rental services. The Corporate segment refers to the corporate office and certain operational costs, which are managed on a group basis and are not allocated to the operating segments. The company was founded on February 26, 2010 and is headquartered in Calgary, Canada.

Essential Energy Services Trust provides oilfield services to oil and gas producers in western Canada related to the ongoing servicing of producing wells and new drilling activity. Services are provided through its Well Servicing and Wireline & Rentals divisions. These services provided, includes service rigs, coil tubing, rod rigs, swab rigs, vacuum truck, pressure truck, tank truck, hydro-vac, steaming and hot oiling along with other related services. The Well Servicing division provides well completion and production / workover services across western Canada. This division has 51 service rigs, ranking it as the sixth largest service rig operator in Canada, and 23 rod rigs, which are generally light, hydraulic service rigs. Essential also has 29 coil tubing rigs, including 1 deep coil tubing rig, 10 intermediate rigs and 18 shallow rigs. The coil tubing fleet is supported by 7 nitrogen pumpers. The Wireline & Rentals division provides a variety of services to assist with the drilling, completion and production phases of oil and natural gas wells. Through this division Essential offers electric wireline (e-line) and slickline services; sells and services a full range of downhole tools and offers rental equipment. Essential has recently initiated a new multi-stage fracturing service that allows customers to isolate and fracture multiples zones within a single tool run. This is intended to service customers targeting resource plays in Saskatchewan and British Columbia. Within the current economic climate the Trust is well-positioned with a strong balance sheet. Management has been proactive in managing costs in an effort to preserve operating margins and remain competitive.