OFS Energy Fund News

September 30, 2013

OFS Energy Fund Completes an Asset Acquisition and Majority Recapitalization of WT3

Houston – September 30, 2013 – OFS Energy Fund (“OFS”) recently formed Terra Oilfield Services, LLC (“TerraOFS”) in order to recapitalize WT3, LLC (“WT3”), a provider of water transfer and treatment services to the oil and gas industry. James Wingo and Stan Peach, WT3’s co-owners, who will continue as TerraOFS’s management team, have successfully grown the company into Texas, Oklahoma, Ohio and North Dakota by providing critical water transfer and treatment solutions to assist during well completions.

“James and Stan are experts in their field, and they have assembled a reliable team to provide creative and reliable water solutions during critical phases of the frac process,” said Jerad McMayon, Partner of OFS. “TerraOFS’s management has deep knowledge of drilling, completions and chemicals, and our fund is pleased to provide capital and other resources to help support TerraOFS’s growth in those areas.”

“We are excited to partner with OFS and its team, which has a significant track record of success with a focus on energy service companies. Their industry experience and relationships will be invaluable as we execute our growth plan for water transfer, chemicals and other related services,” Wingo said. “We believe that we now have the resources to grow our asset base and better serve our customers.”

About OFS
Houston-based OFS Energy Fund is one of the few professionally managed private equity firms that specializes in acquiring and recapitalizing lower middle-market energy service companies. OFS seeks to provide capital to business owners including buyouts, recapitalizations and growth equity investments. The Fund supports the development of management, appropriate governance, professionalization of reporting and tracking of operating metrics. Additionally, OFS lends industry relationships, ideas for operational improvement and support in developing strategic growth plans and initiatives.

About TerraOFS
TerraOFS is a water transfer and fluids management company focused on providing critical services to the oil and gas industry primarily during the fracturing process. TerraOFS is headquartered in Conroe, Texas, and has operations in most major shale basin in North America.

OFS Energy Fund
6363 Woodway Drive, Suite 900

Houston TX 77057
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Main Number: (713) 580-2727