Divergent Energy Services Corp V.DVG.H

Energy Oil & Gas Equipment & Services

Divergent Energy Services Corp. provides fluids management products and services for the water, gas, and oil industries, through its wholly owned subsidiary, Extreme Pump Solutions LLC. The Company is engaged in the business of providing artificial lift products and services to its clients in the oil and gas industry in the Northern Mountain States in Wyoming and Colorado, United States. Its artificial lift system consists of electric submersible pump (ESP) systems, which are designed for downhole conditions of temperature, pressure, abrasives, excessive gas, scale, and variable flow rates. The Company’s electric submersible pump (ESP) systems are used in motors, seals, pumps, sand management, gas management, downhole sensors, variable speed drivers, and cables and motor leads. The Company’s business operations in the United States provide submersible pumps, drives and electronic controls across Wyoming, Northern Colorado, and Southern Montana.

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Divergent Energy Services Corp

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Comment by summitkingon Apr 07, 2014 9:43pm

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Post# 22422832

RE:Financials Are Out !

Thought the financials would be a little better but it sounds like things are turning the corner into 2014. Operationally, good to hear they have two constructions crews on the go and things should improve with the recent macro news out of Mexico... Linear motor news was excellent too. The benefits of a motor like this would be huge. No more pumpjacks, no more rod fixes, no more wear through the tubing. The huge drop in upfront capital costs for the motor vs a pumpjack and then ongoing opex savings would be huge for any company. I've heard a few different companies kicking tires about this product. Any idea which company may be trying it? If this thing works it could be huge!

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