WINNIPEG, MANITOBA--(Marketwire - Oct. 2, 2012) - Westeel is pleased to announce that it has received its first order for its proprietary Speed Plate frac tank system. The order was received from Total Oilfield Rentals LP, a wholly owned subsidiary of Total Energy Services Inc. ("Total"), pursuant to Total's recent agreement with Westeel's distributor which provides Total with the exclusive right to rent the Speed Plate frac tank system to the oil and gas industry in Western Canada, North Dakota and certain other states. The frac tank system ordered by Total incorporates Westeel's "Speed Plate" technology and requires significantly less time to install and remove as compared to other frac pools currently on the market.
"This product provides tremendous opportunities for our business in these locations. We are excited to be able to offer this convenient new system on a rental basis throughout the oil and gas industry in the northwestern United States and Western Canada through our distributor's exclusive arrangement with Total Oilfield Rentals", said Westeel President and General Manager, André Granger.
According to Russ Strilchuk, Vice President Sales & Marketing for Total, "Our fleet deployment of this new product through our Rentals and Transportation Services division, Total Oilfield Rentals, will commence with Westeel's Speed Plate tanks being available October 15, 2012 at our recently established Minot, ND location. Our field trials confirm that the speed at which the new system can be deployed will be a real benefit to our customer base and the rental rates at which we can offer this system will be attractive relative to other systems in the market. We see this product as a valuable complement to our broad product offering in the marketplace both in the northwest United States and Western Canada". Total Oilfield Rentals offers a full slate of oilfield rental products as well as transportation services through its network of 20 branches in western Canada and its new Minot, ND location which opened in July of this year.
Total Energy Services Inc. is a growth oriented energy services corporation involved in contract drilling services, rentals and transportation services and the fabrication, sale, rental and servicing of natural gas compression and process equipment. The common shares of Total are listed and trade on the TSX under the symbol TOT.
Westeel is a division of Vicwest Corporation. It is headquartered in Winnipeg, Manitoba, where it operates one of its five production facilities in Western Canada. Westeel's comprehensive catalogue of steel storage products includes a wide range of on-farm and commercial storage solutions for today's agricultural industry, as well as custom storage solutions to meet the needs of the petroleum and industrial sectors. The company exports its products across North America and to more than 30 countries around the world. Vicwest Inc. is traded on the TSX under the symbol VIC.