Gibson Energy ULC announces equity investment in Deepwell Energy Services
Trust

    
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/
    

CALGARY , Oct. 23 /CNW/ - Gibson Energy ULC ("Gibson") announces that on October 23, 2009 , Gibson acquired an aggregate of 1,386,306 trust units (the "Units") of Deepwell Energy Services Trust (the "Issuer") pursuant to private agreements.

The Units acquired by Gibson are held for investment purposes. This investment will be reviewed by Gibson on a continuing basis and such holdings may be increased or decreased in the future. Gibson may in the future acquire or dispose of Units, through the open market, privately or otherwise, as circumstances or market conditions dictate.

Immediately after the completion of the transactions referred to above, Gibson's ownership of 1,386,306 Units will represent 19.25% of the issued and outstanding Units as at October 23, 2009 .

Gibson will file an early warning report pursuant to National Instrument 62-103 "The Early Warning System and Related TakeOver Bid and Insider Reporting Issues" describing the above transactions with applicable securities regulatory authorities, a copy of which will be available at www.sedar.com.

Gibson is one of the largest independent midstream energy companies in Canada . Founded in 1953, Gibson has extensive capabilities in the transportation, storage, processing, marketing and distribution of crude oil, condensate, NGL's, asphalt and refined products.

    
    A. Stewart Hanlon
    President and Chief Executive Officer
    

For further information: ON GIBSON ENERGY ULC, OR FOR A COPY OF THE EARLY WARNING REPORT, PLEASE CONTACT: Rick Taylor, Executive Vice President and Chief Financial Officer, Telephone: [phone], Fax: [phone], website: www.gibsons.com