Essential Energy Services Issues Inaugural ESG Report

CALGARY, Alberta, June 29, 2023 (GLOBE NEWSWIRE) -- Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) is pleased to announce the release of its inaugural Environmental, Social and Governance (“ESG”) Report. While Essential has been reporting its ESG highlights through the Company’s Annual Information Form since 2019, this formalized report is a significant milestone for Essential as it demonstrates to shareholders and other stakeholders its commitment to meeting evolving ESG reporting expectations.

The ESG Report showcases the work of Essential’s employees who provide services in an ESG responsible manner to meet the expectations of customers and communities in which the Company and its employees live and work. The Report provides enhanced transparency regarding the Company’s ESG efforts and approach to managing ESG factors that have the greatest potential to impact Essential’s value and success in the delivery of oilfield services in today’s competitive marketplace.

“Our approach to ESG has been foundational to our operations for many years as we have led with the core belief that our services should be performed with care and attention to the safety of each other and the environment,” said Garnet Amundson, President and CEO.

Building on the Company’s commitment to ongoing transparency and disclosure, the ESG Report has been prepared in alignment with the Sustainability Accounting Standards Board (“SASB”) Oil & Gas – Services Sustainability Accounting Standard.

The ESG Report can be accessed on Essential’s website at www.essentialenergy.ca.

FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “plan”, “projects”, “potential”, “budget” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward looking statements pertaining to: meeting ESG reporting expectations; the impact of ESG factors on the value and success of Essential.