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Environmental Energy Services, Inc. (EESV) Announces Its Completed Acquisition in the Fayetteville Shale

Posted on: Thursday, 30 November 2006, 12:01 CST

BOISE, Idaho, Nov. 30 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. (OTC Pink Sheets: EESV) announced today that the company, under a participation agreement, has completed its acquisition of approximately 45,000 gross acres and 10,500 net acres in Van Buren, Cleburne and Conway Counties in Arkansas. Further acres are being acquired through integration efforts in surrounding "fill-in" parcels.

EESV, with its participation partners, anticipate drilling this acreage to commence January 2007 and being connected to the pipeline and producing in late March 2007. EESV and its partners have an aggressive drilling strategy for 2007, including 16 wells in the Fayetteville Shale. In addition to the Fayetteville Shale, the company will also test other potential pay zones, including the Moorefield and Chattanooga shales.

"We are very excited about our holdings in the Fayetteville Shale," said Douglas Holsted, President of EESV. "This is a special investment for EESV. Many opportunities for the company have opened up as a result of this play- financial partners, drilling partners, or engineering firms. I believe the industry realizes tomorrow's value of Fayetteville Shale and what this does for the credibility of EESV. This is an important part of our overall 2007 drilling program."

The company's holdings include prime acreage in the heart of the Fayetteville Shale natural gas play -- it is relatively shallow and very near one of the two existing pipelines in the area.

About EESV

Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Based in Boise, Idaho, EESV has locations and projects throughout North America.

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward- looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.

Environmental Energy Services, Inc.

CONTACT: Mike Thompson, Chief Operating Officer of Environmental EnergyServices, Inc., +1-208-287-4471, or mthompson@eesvinc.com

Web site: http://www.eesvinc.com/

Source: PRNewswire-FirstCall

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