Enservco Corporation provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company's services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services.
Enservco Headquarter Location
501 South Cherry Street Suite 1000
Denver, Colorado, 80246,
Latest Enservco News
Aug 7, 2021
Share this: | UPDATED: August 6, 2021 at 5:14 p.m. Oil and gas well-site service provider Enservco Corp. (NYSE: ENSV) said revenue rose and losses narrowed in its second quarter compared to the same period last year with “return to year-over-year revenue growth” on higher “commodity prices and rig counts” company wide, said Executive Chairman Rich Murphy. Total quarterly revenue rose to $3.1 million from $2.1 million, year-over-year. Several company metrics improved including EBITDA, working capital, cash and cash equivalents, and stockholders’ equity. Enservco lost money, though less than in the same period last year: $1.6 million versus $4.4 million. The company said it cut costs, spent $536,000 less on interest, and received $1.3 million in payroll tax credits from the March 2020 Coronavirus Aid, Relief, and Economic Security Act stimulus package. A $1.9 million Paycheck Protection Program loan has been completely forgiven and will be shown in Q3 results. Enservco’s second quarter ended June 30. © 2021 BizWest Media LLC
1 Team Member
Enservco has 1 team member, including former Controller, Christopher Pesigan CPA.