| Superior Well Services, Inc. Wins the 'Best Drilling, Completions & Production Fluids Award' for its WFR-3B(TM) Slickwater System |
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Superior Well's WFR-3B(TM) Slickwater System is a liquid friction reducer designed especially for application in shale formations and is utilized in the Company's exclusive GammaFRac(TM) Slickwater System. This patented friction reducer lowers pumping pressure requirements, permitting a reduction in necessary well-site hydraulic horsepower, and allows the use of saline water and previously used fracture fluid, reducing the demand on local sources of fresh water, and reducing the environmental burden of fracture-water disposal. Superior Well's ICP-1000 Iron Control Agent was a finalist for the award in the Health, Safety, The 2009 World Oil Awards program garnered hundreds of submissions from points around the globe. A third-party World Oil ® magazine, the leading oil and gas trade journal for the exploration, drilling, and production sector, has a worldwide circulation of 35,000 readers. For more information about Except for historical information, statements made in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by us based on our management's experience and perception of historical trends, current conditions, expected future developments and other factors our management believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to: a sustained or further decrease in domestic spending by the oil and natural gas exploration and production industry; a continued decline in or substantial volatility of crude oil and natural gas commodity prices; current weakness in the credit and capital markets and lack of credit availability; overcapacity and competition in our industry; our inability to comply with the financial and other covenants in our debt agreements as a result of reduced revenues and financial performance; unanticipated costs, delays or other difficulties in executing our growth strategy, including difficulties associated with the integration of the Diamondback asset acquisition; the loss of one or more significant customers; the loss of or interruption in operations of one or more key suppliers; the incurrence of significant costs and liabilities in the future resulting from our failure to comply with new or existing environmental regulations or an accidental release of hazardous substances into the environment; and other factors detailed in our SOURCE Chris Peracchi |