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Evolution Well Services® Announces Three Year Agreement For 100% Electric 42,000 HP Frac Fleet

THE WOODLANDS, TX (NOVEMBER 2017) – Evolution Well Services announces the
execution of a three year agreement for Evolution’s 100% electric fracturing fleet for a major U.S. onshore based producer.

During the fourth quarter, one of the largest U.S. onshore oil and gas producers executed a long term contract utilizing Evolution’s 100% electric, natural gas fueled turbine generator powered fracturing fleets for their core-basin development. Evolution’s President, Jeff Morris, states “We are pleased to enter into this long term agreement with such a strategic partner for our services, innovation and technology that values our commitment to utilizing natural gas, producing lower emissions, reducing physical footprint and noise while improving safety. This fleet has been engineered with an enhanced turbine power package with increased mobility and significantly increased power density and we’re proud to unveil it to the market via this long term commitment”.

100% ELECTRIC POWERED HYDRAULIC FRACTURING TECHNOLOGY

Evolution Well Services provides natural gas fueled, electrically driven hydraulic fracturing services by operating a proprietary, multi-patented system that generates electric power
utilizing a General Electric LM2500+ G4 gas turbine generator fueled by locally supplied field gas or alternate natural gas sources. Continuing with further technological advancements within the electrically powered pressure pumping equipment market, Evolution Well Services has entered into an exclusive OEM agreement with General Electric providing the path for Evolution to develop built for purpose, enhanced power generation offerings for hydraulic fracturing operations.