ENSERVCO Provides Capital Expenditure and Operational Update

DENVER, CO--(Marketwired - Jul 10, 2014) - ENSERVCO Corporation (NYSE MKT: ENSV)

• $7 Million Added to 2014 Capex Budget; Full-Year Budget Totals $16 Million
• Annual Revenue Potential of New Equipment Exceeds $35 Million
• Company Initiating Acidizing and Hot Oiling Programs with Multiple Customers
• Management Provides Update on Anticipated Second Quarter Financial Results

ENSERVCO Corporation (NYSE MKT: ENSV), a provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries, today provided an update on its 2014 capital expenditure plan and recent operational developments.

2014 CAPEX PLAN
ENSERVCO has added $7 million to its previously announced $9 million capital expenditures plan for 2014. The additional investments will go toward the fabrication of eight frac water "mega" heaters, six hot oiling units and two acidizing units. Annual revenue potential from the additional equipment is estimated to be at least $15 million bringing the estimated annual revenue potential for the entire $16 million 2014 capex plan to more than $35 million.

New frac water heating units designed by ENSERVCO during the past year (being referenced to as mega heaters by the Company), double the capacity of ENSERVCO's legacy frac water heating units (previously referred to as "boxes"). The 18 mega heaters planned under the combined 2014 capex program will therefore be equivalent in both heating and revenue potential to 36 of the Company's prior boxes. In addition, the Company anticipates higher operating margins from efficiencies that should be realized in both labor and fuel expenses from the new design.

In summary, the total capex plan should result in a 2014 year-end equipment fleet of (i) the equivalent of 80 legacy frac water heating units, up from 42 at the end of 2013; (ii) 41 hot oiling units, up from 27; and (iii) seven acidizing units, up from three. Six additional hot oil units from the 2014 plan are scheduled for delivery in the first quarter of 2015.

To date, fabrication is on schedule and the Company has begun receiving and deploying its first hot oil and acidizing units. Due to recent limited availability of specialized trucks required to fabricate acidizing units, management has re-allocated a portion of the initial $9 million in capex toward the construction of acidizing docks and related equipment, and reduced to two the number of acidizing units which, as mentioned, have been received. The remaining two units are now included in the second phase of spending.