EcoStim Energy Solutions Strengthens Management Team

    HOUSTON, TX, November 07, 2013 /24-7PressRelease/ -- EcoStim Energy Solutions, Inc. ("EcoStim") announced today that Bobby Chapman, one of the founders of Liberty Pressure Pumping and a 34 year veteran of the oil and gas business, has agreed to join the Company as its Chief Operating Officer.

Mr. Chapman started his career with Halliburton where he was involved in drilling and completions operations, sales, engineering, and management in offshore Gulf of Mexico and broad US land operations as well as assignments internationally offshore West Africa. His experience includes high pressure / high temperature well cementing, stimulation engineering (matrix acidizing and fracturing) as well as completion design including complex, extended reach, deep water well completion designs. He was author of several SPE technical papers on the use of high perm fracturing techniques and processes.

In 1998, Mr. Chapman joined Weatherford International where he spent 7 years working in management positions involving all types of artificial lift and general business planning. He was group leader responsible for planning and executing Weatherford's organic startup business in the well stimulation business.

In 2005, Mr. Chapman started Liberty Pressure Pumping, a new startup business focused on fracture stimulation. He was involved in all phases of the business from business strategic planning, financial planning, equipment design, sales, engineering and management. Liberty's niche was supplying fracturing operations to the new developing unconventional shale resources initially in the Barnett Shale but expanding to other unconventional plays in the US.

In 2007, Liberty was sold to Trican Well Service. Mr. Chapman was retained by Trican to serve as President of the United States region. During this time Trican grew to add several operating regions and also expanded product line offerings to include cementing services and coil tubing services. Mr. Chapman is a 1979 graduate of Louisiana State University with a B.S. degree in Petroleum Engineering.

EcoStim's President and CEO Chris Boswell stated, "We are delighted to have a seasoned veteran such as Bobby join our senior management team. He brings a wealth of relevant experience and an innovative attitude to the Company. Our customers can now be 100% assured that their stimulation services will be carefully managed by one of the pioneers of the industry and someone who has built a quality pressure pumping company from the ground up. Mr. Chapman will lead the executive team from an operational standpoint as we pursue business opportunities outside the United States."

About the Company

EcoStim Energy Solutions, Inc. ("Eco-Stim") is an environmentally conscious oilfield service and technology company focused on providing the latest well-stimulation and completion techniques to international unconventional markets currently under development. Through the Company's unique tightly bundled service offering, EcoStim and its partners will deliver more "ecologically friendly" and economical well-stimulation services, which are expected to be in high demand worldwide.

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