Nine Energy Service Inc. and MorphPackers Limited Announce Joint Distribution Agreement

HOUSTON, June 20, 2017 (GLOBE NEWSWIRE) — Nine Energy Service, Inc. (“Nine”) and MorphPackers Limited (“MorphPackers”) announced jointly today that they have entered into an agreement whereby Nine will be the exclusive provider of MorphPackers’ STORM™ and CENTURION™ completion product line for the re-frac market in the United States and Canada.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fc3d1d60-fa02-40da-abdb-97c66ad58bf0

The patented completion system utilizes expandable steel packers specializing in isolation and includes re-frac packers and production packers to maximize production within existing wells.  The STORM™ re-frac packer provides the maximum ID in the market to provide the most effective system to instantly isolate and re-fracture stages, thus extending the life of a well.

“We are very excited to partner with MorphPackers and their team,” said Ann Fox, president and CEO of Nine Energy Service. “Nine is always looking to partner with the most innovative companies and provide our customers with a blend of leading-edge technology and service quality and execution at the wellsite.”

Clair Holley, Nine’s president, Canada and US Completion Tools added, “We hope to provide our customers with a cost-effective and efficient system to re-frac existing wells and drive production growth. MorphPackers has designed a unique system with a large ID to enhance pumping rates and a slimmer OD to match conventional pipe. This will allow customers to re-stimulate more wells with much higher production rates.”

“We are delighted to enter in to an exclusive distribution agreement with Nine. As a highly reputable deployment partner, Nine will provide MorphPackers with access to its extensive US and Canadian network, assisting the process of bringing our innovative re-frac technology to market,” noted Gavin Prise, Chairman of MorphPackers.

“This is a very exciting time for MorphPackers as we enter our next stage of development. As a leading independent in the Completions sector, Nine fully recognizes the benefits of our STORM™ re-frac packer and is committed to bringing the newest technology to its customers, making this an ideal partnership,” said Toby Bryce, Director at MorphPackers.  “We believe that significant potential exists in the North American market where the STORM™ re-frac value proposition is strongly aligned with the strategic goals of unconventional operators, where a focus on cost efficiency, enhancing production and field recovery is crucial.”

About MorphPackers
MorphPackers deliver revolutionary and highly innovative expandable steel packers specializing in re-frac packers and production packers for the global oil and gas sector. MorphPackers is headquartered in Aberdeen, Scotland.

For more information about MorphPackers, visit their website at www.morphpackers.com.

About Nine Energy Service
Nine Energy Service, Inc. is a leading North American onshore completion and production services provider that targets unconventional oil and gas resource development. Nine partners with exploration and production customers across all major onshore basins in both the U.S. and Canada to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. 

For more information about Nine, visit their website at www.nineenergyservice.com.

CONTACT: For further information about MorphPackers, please contact:
Toby Bryce
MorphPackers Limited
+44 1224 049350
Toby.Bryce@morphpackers.com

For further information about Nine, please contact:
Heather Schmidt
Nine Energy Service, Inc.
281-730-5113
heather.schmidt@nineenergyservice.com