Complete Production Services, Inc. Announces Divestiture of Canadian Wireline Operations

Complete Production Services, Inc. (“Complete” or the “Company”) (NYSE:CPX), announced today that it has completed the divestiture of its Canadian wireline operations for approximately $45 million in cash, subject to working capital and other adjustments.

“The employees of IPS Canada have built a leading wireline service provider in Western Canada, and we want to thank them for their contributions to the success of Complete over the years and wish them the best in their future careers,” commented Joe Winkler, Chairman and Chief Executive Officer.

Complete Production Services, Inc. is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The Company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

Complete Production Services Complete Production Services Common Stock (NYSE:CPX)
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