News Column

Canadian Energy Services & Technology Corp. Announces Results for the Fourth Quarter and the Year Ended December 31, 2012, Management Addition, and Declares Cash Dividend

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CES' estimated United States Market Share was approximately 6% in 2012, consistent with 6% in 2011. Estimated market share in the United States averaged 5% in Q4 2012, down slightly from 6% in Q4 2011. Operating Days in the United States were estimated to be 8,244 Operating Days for the three month period ended December 31, 2012, a decrease of 22% from 10,520 Operating Days during the same period last year. CES' Operating Days in the United States and estimated United States Market Share declined in October and November of 2012 predominantly in the Marcellus where activity continued to drop in a basin focused predominantly on dry gas targets. Consequently, CES' Operating Days and United States Market Share declined until additional work started to be picked up in the Eagle Ford region in December 2012. This pick-up has continued in Q1 2013, and the Mega Fluids acquisition related work has also been added effective January 1, 2013. Estimated Operating Days during 2012 were 38,469 as compared to 39,013 Operating Days in 2011, representing a decrease of 1%.

EQUAL Transport's ("EQUAL") trucking revenue for the three month period ended December 31, 2012, gross of intercompany eliminations, totalled $4.1 million, a decrease of $1.5 million or 26% from the $5.6 million for the three months ended December 31, 2011. For 2012, revenue from trucking operations, gross of intercompany eliminations, totalled $17.9 million as compared to $19.4 million during 2011 representing a decrease of $1.6 million or 8%. The decrease in trucking revenue is tracking the overall reduction in the industry wide Canadian drilling activity.

Clear Environmental Solutions division ("Clear") recorded $5.1 million of revenue for the three month period ended December 31, 2012, consistent with $5.1 million during the prior year. Revenue from Clear for the twelve month period ended December 31, 2012 totalled $19.0 million as compared to $17.4 million for the same period in 2011, representing an increase of $1.6 million or 9%. Clear has continued to market its services aggressively and has capitalized on new regulations in Alberta that have required additional environmental disclosures and procedures by operators.

As previously announced, subsequent to December 31, 2012, the Company acquired the production and specialty oilfield chemical business of JACAM Chemical Company, Inc. and its subsidiaries (the "JACAM Acquisition") pursuant to the terms of an asset purchase agreement dated March 1, 2013. JACAM is a private company that manufactures and distributes oilfield related specialty chemicals. JACAM designs and manufactures its products in Sterling, Kansas which also serves as its corporate head office. JACAM was established in 1982 and provides its products and delivers services to a large number of companies in the oil and natural gas business. JACAM's customers are predominantly producers but JACAM also sells products to service companies and to the pipeline industry. JACAM has over 350 employees and operates in Kansas, Oklahoma, Texas, New Mexico, Colorado, Wyoming, Montana, Utah, California, and North Dakota.

CES also announced today that it has declared a cash dividend of $0.055 per common share to shareholders of record on March 28, 2013. CES expects to pay this dividend on or about April 15, 2013.

CES is focused on being the leading provider of technically advanced consumable chemical solutions throughout the life-cycle of the oilfield. This includes total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market.

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