Mr. Daniel Halyk reports

TOTAL ENERGY SERVICES INC. ACQUIRES U.S. RENTAL ASSETS

Total Energy Services Inc.'s wholly owned United States subsidiary, Total Oilfield Rentals Inc., has acquired a fleet of surface rental equipment operating in Oklahoma for $6.4-million (U.S.). The purchase price was paid with cash on hand.

The equipment purchased includes approximately 280 pieces of rental equipment as well as a substantial inventory of ancillary equipment. This acquisition establishes Total Oilfield Rentals' presence in the Oklahoma drilling and completions rental market, and represents a 30-per-cent increase to the number of major rental pieces in the rentals and transportation services segment's United States fleet.

About Total Energy Services Inc.

Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing, and compression and process equipment and services to the energy and other resource industries from operation centres in North America and Australia.