Peak Energy Services Trust Announces its Third Quarter 2010 Financial Results
Conference Call

TSX SYMBOL:  PES.UN

CALGARY, Oct. 27 /CNW/ - Peak Energy Services Trust ("Peak" or the "Trust") will release its Third Quarter 2010 Financial Results after market close on Wednesday, November 10, 2010.

Curt Whitteron, President and Chief Executive Officer and Monty Balderston, Chief Financial Officer, will host a conference call to discuss the financial results on Friday, November 12, 2010 at 9:30 a.m. MT (11:30 a.m. ET).

The conference call is open to analysts, investors and all interested parties.

Date:	Friday, November 12, 2010
Time:	9:30 a.m. MT (11:30 a.m. ET)
Call:	1 [phone] or if preferred 1 [phone]
Webcast:	http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3287460

Participants are asked to call at least 10 minutes before the start of the call. For those unable to participate on the live call, a replay will be made available until Friday, November 19, 2010 by dialing 1 [phone] or if preferred 1 [phone], pass code 21037479. The replay will also available by webcast at the URL indicated above.

Peak Energy Services Trust is a diversified energy services organization operating in western Canada and the United States of America. Through its various operating divisions, Peak provides drilling and production services to its customers both in the conventional and unconventional oil and natural gas industry as well as the oil sands regions of western Canada. The Trust also provides water technology solutions to a variety of customers throughout North America. Peak's units are listed on the Toronto Stock Exchange under the symbol "PES.UN".

The TSX have neither approved nor disapproved the information contained herein.

For further information:

Peak Energy Services Trust
Mr. Curtis W. Whitteron
President and Chief Executive Officer
[phone]
[phone] (FAX)

or

Peak Energy Services Trust
Mr. Monty R. Balderston 
Chief Financial Officer
[phone]
[phone] (FAX)