Nine Energy Completes 124-Stage Well in Utica Shale

HOUSTON, TX, May 17, 2016 /CNW/ - Nine Energy Service, Inc. (Nine) successfully completed 124 perforated stages in an 18,544 ft. lateral (27,034 ft. TMD) in Guernsey County, Ohio for Eclipse Resources, a premier independent E&P company in the Appalachian Basin.

In one of the most complex wells ever completed by either company, Nine's Wireline Division worked directly with Eclipse to design the plug and perf system through Cerebus Well Modeling software (NOV), enabling more effective planning and deployment of cable-conveyed tools. Nine completed all 124 stages in 23.5 days without any non-productive time (NPT).

"In the current low commodity environment, operators like Eclipse are targeting their core acreage and remain focused on optimizing development with longer laterals and shorter spacing," said Nick Pottmeyer, VP of Completions Technology, North America for Nine. "Longer laterals are proving to be a more effective way to develop acreage. Increased well costs to drill further can be justified by the improved production ranges and return on revenue."

Kyle Bradford, Completions Manager for Eclipse Resources added, "Nine was the only wireline company that we considered. We knew with such a technical well, there would be a number of challenges and we needed a partner that we could rely on to execute at the wellsite and who could quickly address any problems."

Ann Fox, Nine's President and CEO stated, "In a difficult market, the team at Nine continues to prove they can complete the longest laterals with conventional plug and perf, as well as recently designing and stimulating a 50-stage open hole Divert-A-Frac sleeve system in the Williston Basin. We are extremely proud of combining our best-in-class technology with excellent service for the benefit of our customers."

About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion, wireline and cementing solutions throughout North America. The company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Strategically located throughout the U.S. and Canada, Nine continues to differentiate itself through superior service quality and wellsite execution. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, Barnett, Bakken, Marcellus, Utica and throughout Canada. For more information about Nine, visit their website at www.nineenergyservice.com.

SOURCE Nine Energy Service, Inc.

Heather Schmidt, Director, Investor Relations, Marketing & Personnel, Nine Energy Service, Inc., Direct: 281-730-5113, [email protected]