Aspen, which existed as a shell company following the June 2009 divestiture of its oil and gas assets, has become the owner of the energy service businesses of Dillco and Heat Waves Hot Oil Service.
Collectively, Dillco and Heat Waves provide a variety of well-site services including frac heating, hot oiling, acidizing, water hauling and disposal, and well-site construction.
Mike Herman, president, CEO and director of Enservco, said: “In recent years, we believe that Enservco has grown into one of the domestic energy-service industry’s leading providers of hot oiling, acidizing and frac heating services.
“We have established an aggressive strategy for maintaining our geographic and operational expansion, and believe our public-company status will provide us with access to new financing options, and will elevate our profile within the investment community as we pursue our growth objectives.”
