Advanced Energy Services

Advanced Energy, LLC was formed in April of 2013 by the purchase of Advanced Energy Services LLC. Advanced Energy, LLC is owned by a group of investors who see the potential and are ready to provide the company with resources necessary to grow the business and meet their customer's needs. The day to day operations are still provided by the previous management team of Advanced Energy Services LLC which was started in October of 2000 by the 3 principals of the company, Gary Provins, Randy Parsons and Jeff Welch. We had all been working for the previous drilling contractor who decided to get out of the drilling business and focus on his production interests. We then bought back some of the equipment from the sale of the contractor and went into business for ourselves. We all have at least 20 years' experience in the business. Gary is the President; Jeff is the V.P. of operations. Randy left the company for his own pursuits in November of 2011. We started out with just 2 drilling rigs and 4 service rigs. Over the past 10 years we have grown to 6 drilling rigs and 19 service rigs. We have the capability to drill wells to 7,000' vertical and the service equipment to complete the wells after drilling. Starting in 1990 we had been drilling in a shallow natural gas field in Michigan by the name of the Antrim Shale. These wells varied in depth from 600' to 2,500'. We drilled over 2,500 of these wells until the drop in natural gas prices in 2008 when work in this area died. In March of 2012 we brought a rig to the Williston basin to drill surface holes for Continental Resources (the rig is still working for them today). We took the same technology used in drilling the Antrim wells and translated it into drilling surface holes in the Bakken Shale. We have since discovered that with our great level of expertise in the drilling of these wells we can bring great value to our customers in all regions. In January of this year we took a rig to the DJ basin in Colorado and reduced the customers cycle time by 50% and their costs by a similar amount. While the drilling of surface holes is different in all areas we have the ability to translate what we have done in other places and adapt it to each particular area. Our biggest asset to you is that we can provide you with a rig with both quality equipment and experienced, dependable people. While our main focus now is the drilling of surface holes we are also one of the largest drilling contractors in the state of Michigan and have extensive drilling experience in the Midwest. Since our inception we have drilled over 3,100 wells in Michigan, Indiana, Illinois, Ohio, Kentucky, Mississippi, West Virginia, Wyoming, Montana, Colorado and North Dakota. We pride ourselves on our directional drilling abilities, in our history we have drilled over 600 directional wells and over 200 horizontal wells with kick-ofpoints from 500' to 9,000'. We feel that drilling horizontal wells is a specialty of ours. We have the ability to travel anywhere and pride ourselves on our ability to adapt to any drilling program. We have a list operator references if you would like to contact some of our current customers. On the well service side we are able to service wells with depths from 500' to 13,000'. We have experienced crews and supervision that is second to none. We have serviced over 5,000 different wells in our states of operation and feel we can handle any type of service needs. The following is a short resume on the management team of our company.