Mr. Garnet Amundson reports

ESSENTIAL ENERGY SERVICES ANNOUNCES EXECUTIVE CHANGES

Essential Energy Services Ltd. has made the following executive changes, effective immediately:

• Laura Ingram, currently controller, has been appointed chief financial officer.
• Jeff Newman, currently chief financial officer, has been appointed senior vice-president.

Ms. Ingram joined Essential in 2020 as controller. She has over 15 years of financial and business experience, including four years in public practice and seven years with a publicly traded oil field service company. Ms. Ingram has strong financial and business acumen, and fostered excellent operational relationships since joining Essential. She has proved to be an excellent leader and mentor to her team. Ms. Ingram holds a certified professional accountant (CPA and CA) designation, and has a bachelor of commerce degree and a psychology degree.

In his new role, Mr. Newman will provide support for various corporate initiatives, allowing Essential to continue to benefit from his extensive and significant industry, business and financial expertise.

During the prolonged industry downturn, Essential significantly reduced its staffing levels and management layers to reduce costs. These changes are an important step to augment the executive team and facilitate orderly succession planning. Essential does not currently plan to replace the controller position.

About Essential Energy Services Ltd.

Essential provides oil field services to oil and natural gas producers, primarily in Western Canada. Essential offers completion, production and well site restoration services to a diverse customer base. Services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Essential offers one of the largest active coiled tubing fleets in Canada.

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