Flint Announces Expansion of Oilfield Hauling Services in the United States

(TSX - FES)

CALGARY, Nov. 22 /CNW/ - Flint Energy Services Ltd. (Flint, the Company) announced a US$36 million asset acquisition, including property and equipment in five locations in the United States; three in East Texas, one in Louisiana and one in Oklahoma.

This acquisition furthers the expansion of Flint's operations into the busy shale gas fields in the United States.  Flint began with fluid hauling services in Vernal, Utah, and recently expanded into the Marcellus shale gas basin, moving under-utilized equipment from western Canada to its new Williamsport, Pennsylvania location.  With the addition announced today of the five new locations, approximately 170 new employees and 450 pieces of equipment, Flint will become one of the largest oilfield haulers in the US shale basins.  In addition, this new acquisition will provide equipment, personnel, and management for a new location that Flint is constructing in Williston, North Dakota, to provide oilfield hauling services in the active Bakken shale oil play in North Dakota. This brings the total to eight locations for Flint's US Oilfield Services business segment.

W. J. (Bill) Lingard, President and CEO of Flint said, "We are very excited about this expansion of our oilfield services capabilities into some of the busiest shale gas plays in the United States.  Prior to 2010, we had very limited oilfield hauling operations in the United States, and this move, together with our earlier expansions, will make Flint a market leader, bringing our Company's reputation for safety and our commitment to execution excellence to this important service line."

Flint Energy Services Ltd. is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; infrastructure construction; oilfield transportation; and maintenance services.  Flint provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border.  Flint is a preferred provider of infrastructure construction management, module fabrication, maintenance services for upgrading, and production facilities in Alberta's oil sands sector. www.flintenergy.com 

FORWARD LOOKING STATEMENTS
All statements other than statements of historical fact contained in this news release may be "forward-looking statements".  Such forward looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements, and as such, they should not be unduly relied upon.  The forward looking statements are made as of the date of this news release and Flint assumes no obligation to update or revise them, except as expressly required by applicable securities law.  Further information regarding risks and uncertainties relating to Flint and its securities can be found in the disclosure documents filed by Flint with the securities regulatory authorities, available at www.sedar.com.

%SEDAR: 00017156E

For further information:

Guy Cocquyt, Director of Investor Relations
Telephone: [phone], Email: [email protected]