StockGuru Welcomes Lexington Energy Services Inc. (OTCBB: LXES)Lexington Energy Services Inc. (OTCBB: LXES)
Lexington Energy Services Inc. (OTCBB: LXES) is an oil field service company providing construction and leasing of custom oilfield service equipment. As Canada’s fastest growing oil field service company, Lexington Energy Services manufactures and leases innovatively designed oilfield service equipment. Through their wholly owned subsidiary, Lexcore Services Inc., the company also provides a range of drilling services to meet the growing needs of the oil and gas industry, including Alberta’s oil sands.
Headquartered in Vancouver, Lexington also has a regional office in Calgary, where Lexcore is headquartered. In the very heart of Canada’s oil patch, the company’s Calgary facility includes 15,000 sq. ft. of manufacturing and fabrication space as well as corporate offices. The facility also serves as a center for in-house engineering/design, human resources, accounting, and an in-house employee office and development center.
Lexcore’s headquarters will serve as the dispatch operations center, facilitating the effective coordination of people and equipment on a company- and province-wide basis — 24 hours a day, seven days a week. Currently, Lexington has more than 30 employees providing service to oil and gas exploration companies operating in Alberta and northeastern British Columbia. Lexington’s continued growth in the energy services industry will be based on research and development and pioneering petroleum technology. The company is continually striving to develop products, services, and solutions that optimize customer performance in a safe and environmentally sound manner. And these are not empty words — what Lexington has already accomplished demonstrates their substance.
Company Overview
Since its inception in 2005, Lexington has aimed at becoming the leader in energy services in western Canada. This accomplishment will be a true testimonial to the dedication and commitment of their employees and shareholders.
Lexington currently has two drilling rigs ideal for oil sands coring and has plans for additional rigs, with delivery anticipated throughout 2007. Lexington anticipates continued expansion of its entire fleet and plans on diversifying into other energy service areas including coil-tubing, well-testing, and mobile nitrogen generation manufacturing. Continued capital expansion will be assessed as the company progresses through 2006/2007.
Lexington is quickly establishing a base for the new standard in energy service companies. Significant financing and an opportunistic management approach will help Lexington continue to capitalize on the current bull market including expansion into Alberta’s immense oil sands energy service market. Expansion into new markets and realized revenue will capture the highest growth potential for the company and shareholder value.
Corporate Philosophy
Both individually and collectively, Lexington’s management are conscious of the role they play in their industry as active members of the Calgary business community. They understand their responsibilities – not only to their employees, clients, and shareholders – but also to the wider community.
That is why Lexington is committed to being an outstanding role model and neighbor. Doing so is a direct reflection of their core values and recognizes the responsibility they have to their community and their environment. Involvement within the communities strengthens their personal and working relationships, while promoting the common value of trust.
Subsidiary
Lexcore Services Inc.
Lexcore Services Inc is poised to become Canada’s fastest growing energy service provider, with 2 drilling rigs on contract for the winter of 2006/2007 and 10 more drilling packages on order. Ideally suited for coal-bed methane drilling and oil sands coring, Lexcore’s rigs can set the standards in shallow drilling performance. And with the newest fleet of drilling rigs, Lexcore will continue to set the benchmark in safe and efficient drilling operations in Canada and abroad, while delivering results for shareholders, customers, and employees.
With oil sands drilling contracts for the winter of 2006/2007, Lexcore’s main area of operation is going to be in the Fort McMurray area of Alberta, with extensive contracts in negotiations for the spring 2007 in that area. In conjunction with drilling operations in Alberta, Lexcore is also exploring drilling markets in Central and South America.
Services
Lexcore has designed and implemented the latest technology to optimize drilling performance for wireline coring, coal-bed methane, and shallow oil and gas drilling. The company’s tubular derrick construction is considerably lighter weight than traditional lattice-type derricks, allowing their drilling units to travel on smaller leases leaving a smaller environmental footprint. Lexcore’s innovative drilling rigs consist of only four trucks allowing for increased speed, reduced costs, and minimal environmental impact.
– Oilsands Coring
– Oil and Shallow Gas to 700m
– Geo Thermal Drilling
– Coal Bed Methane
– Reverse Circulation
– Diamond and Gold Exploration
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