Dynacorp Energy Services and Energes Oilfield Solutions Combine to Form EnerCorp Sand Solutions
FOR IMMEDIATE RELEASE
Calgary, Alberta (December 7, 2017)
Houston, Texas (December 7, 2017)
Dynacorp Energy Services (“Dynacorp”) and Energes Oilfield Solutions, LLC (“Energes”) have come together to form EnerCorp Sand Solutions (“EnerCorp”), a leading provider of sand management products and technologies for the oil and gas industry. EnerCorp designs, manufactures, sells, rents and services patented and proprietary sand control solutions for onshore operators across North America. EnerCorp is a portfolio company of Intervale Capital, an energy services investment firm based in Houston, Texas.
The combination strengthens the combined balance sheet of EnerCorp, while providing significant growth capital to support ongoing product development and strategic initiatives. EnerCorp’s suite of products and services include patented and propriety sand separation technologies aimed at solving its customers’ challenges with increased completion intensity and proppant loading, as well as standard flowback services.
Justin Morin, EnerCorp’s Chief Executive Officer, has more than 15 years of oilfield service experience managing manufactured products and services businesses, and has served as the Dynacorp CEO since 2013. He will be joined by James Pung, who will serve as President of the U.S. Operations of EnerCorp. Mr. Pung has spent more than 15 years focused on the flowback and well testing market, and served as the Energes CEO since 2014.
Mr. Morin commented, “The relationship between Energes and Dynacorp allows us to move faster from engineering and new product development to the field. Our customers are focused on maximizing production more efficiently, safely, and without equipment failure due to sand erosion. EnerCorp will be uniquely positioned to provide a broad suite of products, services and technologies to our customers, as well as explore new innovations to optimize sand control across the entire well life cycle. We are excited about the large market opportunity ahead of us, and are very proud of all the employees that have come together during this process.”
Mr. Pung added, “The Energes and Dynacorp teams have been working together since 2016. There is great cultural alignment between these businesses and we expect a seamless combination of our respective strengths. Through effective collaboration, innovation, focused engineering and a commitment to strong service quality, we are focused on changing the landscape of the traditional flowback and early production flow period.”
EnerCorp Sand Solutions (Now EnerCorp)
About Dynacorp Energy Services
Dynacorp is a Canadian designer and manufacturer of patented & proprietary sand filtration, sand cyclonic, and flowback equipment. The company is headquartered in Calgary, Alberta with a manufacturing facility in Grand Prairie, Alberta, and has deployed equipment across North America.
About Energes Oilfield Solutions, LLC
Prior to the transaction, Energes Oilfield Solutions was a wholly owned subsidiary of Energes, LLC.
Energes is an oilfield services company providing a full suite of flowback, well testing and sand management services. The company is headquartered in Houston, Texas and serves the Texas, New Mexico, Oklahoma and Pennsylvania markets.
Post-transaction, Energes, LLC will continue to own and operate its professional safety services business. The safety services business offers training services, LEL and H2S gas monitoring systems, confined space rescue packages, shower trailers, and many more services from drilling to downstream segments.
About Intervale Capital
Founded in 2006, Intervale Capital is a specialized energy-focused investment firm. Intervale invests primarily in middle-market energy services and manufacturing companies. The firm has raised $1.3 billion of committed capital since its inception, and is currently investing from its third fund.
Contact: Crystal DeCnodder
Justin Morin, CEO
Suite 530, 520 3rd Avenue SW
Calgary, AB T2P 0B2
Phone: 403 217-1332
James Pung, President
Havenwood Office Park
25700 I-45 North
Spring, TX 77386
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