Oil Services Group Quintana Energy $QES Launches IPO

Oifield services provider Quintana Energy Services announced it has launched an initial public offering (IPO) on the NYSE with the symbol $QES for common stock of 9,259,259 shares Monday. 

Oifield services provider Quintana Energy Services announced it has launched an initial public offering (IPO) on the NYSE with the symbol $QES for common stock of 9,259,259 shares Monday. The company operates in four segments, directional drilling, pressure pumping, pressure control and wireline services.

QES Pressure Control

QES – Pressure Control

The current expected initial offering price is between $12.00 and $15.00 per share. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “QES,” subject to official notice of issuance.

Futher to the IPO certain selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,388,889 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

About Quintana Energy Services Inc.

QES is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active major basins throughout the U.S. The company has more than 60 years’ experience and over 1,000 employees and operations in all major basins. 

The Company offers a complementary suite of products and services to a broad customer base that is supported by in-house manufacturing, repair and maintenance capabilities.

Prospectus and Underwriters

BofA Merrill Lynch and Simmons & Company International, Energy Specialists of Piper Jaffray are acting as joint book-running managers and representatives of the underwriters for the Offering. Citigroup, Barclays, Tudor, Pickering, Holt & Co. and Evercore ISI are also acting as bookrunners for the Offering. Stephens Inc. and Capital One Securities are acting as co-managers for the Offering.

The Offering will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from: BofA Merrill Lynch NC1-004-03-43, 200 200 North College Street, 3rd Floor Charlotte, NC 28255-0001 Attention: Prospectus Department dg.prospectus_requests@baml.com Piper Jaffray & Co. 800 Nicollet Mall, Suite 800 Minneapolis, MN 55402 Attention: Prospectus Department (800) 747-3924 www.prospectuspjc.com

Important Information A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Quintana Energy Services Inc.”

The risk factors and other factors noted in QES’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement. Contacts: Quintana Energy Services Keefer M. Lehner EVP, Chief Financial Officer 832-518-4094 ir@quintanaenergyservices.com Dennard Lascar Investor Relations Ken Dennard / Natalie Hairston 713-529-6600 QES@dennardlascar.com

SOURCE Quintana Energy Services Inc.

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