ENSERVCO Corp. provides well enhancement and fluid logistics services to exploration and production companies operating in the U.S. onshore oil and gas industry. Strong customer demand and a reputation for safe and reliable operations have fueled ENSERVCO's rapid geographic expansion and positioned the company as one of the energy industry's leading hot oiling, well acidizing and frack water heating providers. Through its two subsidiaries, Heat Waves Hot Oil Service LLC and Dillco Fluid Service Inc., ENSERVCO serves many of the largest E&Ps operating in the United States. Headquartered in Denver, ENSERVCO works in both conventional and unconventional oil and gas fields.
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"While half of what the company does is in fact tied to new wells, the other half is servicing wells throughout the well life, for example stimulating older wells to produce again with acidizing and reducing paraffin buildup with hot oiling. Therefore, ENSERVCO isn't as cyclical as a typical oilfield service company may be, as it provides its services throughout the well's life. In addition to the agreements it has made to service companies that are targeting the Utica formation, the company recently announced that it is going to be entering Texas. . .most of the companies that ENSERVCO services are national E&P companies with operations in Texas as well, companies like Anadarko Petroleum and Noble Energy. It has expanded its asset base over the past couple of months and has set itself up for additional revenue to come in. It is spending within its cash flow at this time. Management has demonstrated, in my opinion, prudent investment management principles."
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