CCS Income Trust finalizes acquisition of Pride Oilfield Services

    CALGARY, April 9 /CNW/ - CCS Income Trust (TSX: CCR.UN) is pleased to
report that the previously announced acquisition of Pride Oilfield Services
successfully closed on April 5.
    Pride Oilfield Services, headquartered in Benton, Louisiana, collects
produced water from various generators within the East Texas and Northern
Louisiana areas and hauls it to various locations for disposal. Approximately
50 percent of Pride's hauling is currently delivered to CCS facilities. The
purchase price for the operating assets of Pride is approximately
$5.8 million, which includes the assumption of approximately $1.2 million in
debt. Consideration consists of approximately $1.2 million in CCS Income Trust
units and cash.

    CCS Income Trust (TSX: CCR.UN) is a recognized industry leader providing
integrated and environmentally responsible solutions along with other
complementary energy services. Headquartered in Calgary, Alberta, CCS provides
a diverse number of services across four divisions. CCS Energy Services
provides oilfield waste treatment, recovery and disposal. The second division,
HAZCO Environmental Services, provides integrated remediation, waste
management and decommissioning solutions. The third division, Concord Well
Servicing, manages well completions, workovers and abandonments utilizing a
fleet of 140 rigs. The CCS Energy Marketing division provides crude oil and
condensate marketing services to CCS Energy Services and third parties.

    This press release contains certain statements that are not historical in
nature and are forward-looking statements. These forward-looking statements
include statements relating to the Trust's plans, strategies, objectives,
expectations, intentions and resources which are not guarantees as to the
Trust's future results since there are inherent difficulties in predicting
future results. When used throughout this press release, the words
"anticipate," "expect," "project," "believe," "estimate," "forecast,"
"intends," and similar expressions identify forward-looking statements, which
include statements relating to pending and proposed projects and business
activities. Such statements are subject to certain risks, uncertainties and
assumptions pertaining to operating performance, regulatory parameters,
weather and economic conditions and, in the case of pending and proposed
projects, risks relating to design and construction, regulatory processes,
obtaining financing and performance of other parties, including partners,
contractors and suppliers. Accordingly, actual results could differ materially
from those expressed or implied in forward-looking statements.

    %SEDAR: 00017961E

For further information:

For further information: David P. Werklund, Chairman of the Board,
President, and Chief Executive Officer, Phone: (403) 233-7565, Fax: (403)
261-5612, E-mail:; Marshall L. McRae, Chief
Financial Officer, Phone: (403) 231-1103, Fax: (403) 261-5612, E-mail:; Shauna Lowry, Corporate Communications Manager,
Phone: (403) 231-1127, Fax: (403) 261-5612, E-mail:

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