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May 15, 2010

TRUCKS PURCHASE PROSPECTS * Canada - Total Energy doubles 2010 capital budget

To replace expand heavy truck fleet

Calgary,AB,Canada -The Winnipeg Free Press -14 May 2010: -- Oilfield services company Total Energy Services Inc. announced Friday it has decided to double its 2010 capital expenditure budget to $27.1 million... About $6.6 million of the $13.6-million increase will be used to upgrade and replace some existing heavy trucks and to purchase six additional ones... The remainder of the increase will include $4.5 million to be spent on land and buildings to integrate operations and achieve cost efficiencies within the Rentals and Transportation Services division following the acquisition of DC Energy Services LP in January...

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