Record High Oil Prices Making for Extremely Busy Winter
Posted on: Wednesday, 31 October 2007, 09:00 CDT
BROOKS, AB, Oct. 31 /PRNewswire-FirstCall/ -- Record high oil prices and natural gas futures will ensure continued rig activity and well service use in Alberta.
Lexington Energy Services (LXES) is entering into its second year of drilling and well service and has established itself at the forefront of the industry. All of our divisions; Lexcore, Lexcoil, and Nitrogen Technologies have secured contracts that will run through the fourth quarter of 2007 and well into the New Year.
With soaring oil prices and increasing demands from emerging countries like China and India, LXES and its subsidiaries are certain to have a prosperous future.
Lexington Energy Services Inc. (OTCBB: LXES) is an integrated oilfield service company offering oil sands coring, high-purity on-site nitrogen generation, coiled tubing, shallow oil and gas drilling, and project management.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lexington Energy's filings with the Securities and Exchange Commission, including, without limitation, Lexington Energy's recently filed Forms 10-KSB and 10-QSB.
CONTACT: Corporate Communications, Lexington Energy Services Inc., (403) 279-4550
Lexington Energy Services Inc.
CONTACT: Corporate Communications, Lexington Energy Services Inc., (403)279-4550
Source: PRNewswire-FirstCall
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