NetworkNewsBreaks – EcoStim Energy Solutions, Inc. (NASDAQ: ESES) Secures Long-Term Contract Valued at Over $50M; Shares Soar
Shares of Eco-Stim Energy Solutions (NASDAQ: ESES) are up more than 50% after the company said it is has been awarded a two-year contract with the largest operator in Argentina for its tight gas completions program. Substantial work has already been performed under this contract, which was effective April 1, 2017. Per the contract, EcoStim will receive a guaranteed minimum compensation of approximately 40% of the contract value, although the operator anticipates the completion program to generate over $50 million in completions work over the contract's term. "This contract, together with the recently announced contract in Oklahoma, should give the…







