CALGARY, April 16, 2018 /CNW/ - SECURE Energy Services
Inc. ("SECURE") (TSX – SES) is pleased to announce that its Board
of Directors has declared a dividend for the month of May 2018 of $0.0225
per common share ("Common Share") payable on or about May 15, 2018 to shareholders of record on
May 1, 2018. This dividend is an
eligible dividend for the purpose of the Income Tax Act
(Canada). To be an eligible
shareholder, a shareholder must be resident in Canada and must not be a "U.S. person" within
the meaning of U.S. federal securities laws.
Secure also announced today that it expects to release its 2018
first quarter financial and operating results after market close on
Monday, April 30, 2018. Interim
Financial Statements and Management's Discussion and Analysis will
be posted to Secure's website and SEDAR following the release.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities in the United States, in any province or
territory of Canada or in
any other jurisdiction. The securities to be offered have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws and may not be offered or sold in
the United States absent
registration or absent an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws.
ABOUT SECURE ENERGY SERVICES INC.
Secure is a TSX publicly traded energy infrastructure and
services company that provides safe, innovative, efficient and
environmentally responsible management of fluids and solids
solutions to the oil and gas industry in Western Canada and certain regions in
the United States ("U.S.").
The Corporation operates three divisions:
Processing, Recovery and Disposal Division ("PRD"): The
PRD division owns and operates midstream infrastructure that
provides processing, storing, pipelines, shipping and marketing of
crude oil, oilfield waste disposal and recycling. The PRD division
services include clean oil terminalling, rail transloading,
pipelines, crude oil marketing, custom treating of crude oil,
produced and waste water disposal, oilfield waste processing,
landfill disposal, and oil purchase/resale service. Secure
currently operates a network of facilities throughout western
Canada and in North Dakota, providing these services at its
full service terminals ("FST"), landfills, stand-alone water
disposal facilities ("SWD"), full service rail facilities ("FSR")
and crude oil terminalling facilities.
Drilling and Production Services Division ("DPS"): The
DPS division provides equipment, product solutions and chemicals
for drilling, completion and production operations for oil and gas
producers in western Canada. The
drilling service line currently comprises the majority of the
revenue for the division which includes the design and
implementation of drilling fluid systems for producers drilling for
oil, bitumen and natural gas. The drilling service line focuses on
providing products and systems that are designed for more complex
wells, such as medium to deep wells, horizontal wells and
horizontal wells drilled into the oil sands. The production
services line focuses on providing equipment and chemical solutions
that optimize production, provide flow assurance and maintain the
integrity of production assets.
Onsite Services Division ("OS"): The operations of the OS
division include Projects which include pipeline integrity
(inspection, excavation, repair, replacement and rehabilitation),
demolition and decommissioning, and reclamation and remediation of
former well sites, facilities, commercial and industrial
properties, and environmental construction projects (landfills,
containment ponds, subsurface containment walls, etc.); Integrated
Fluid Solutions ("IFS") which include water management, recycling,
pumping and storage solutions; and Environmental Services which
provide pre-drilling assessment planning, drilling waste
management, remediation and reclamation assessment services,
Naturally Occurring Radioactive Material ("NORM") management, waste
container services and emergency response services.
SOURCE SECURE Energy Services Inc.