Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces Preliminary Second Quarter 2013 Results

HOUSTON - July 17, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its preliminary unaudited results for consolidated revenues from operations for the quarter ended June 30, 2013 exceeded $3.1 million.

On a consolidated basis, the Company's revenues for the quarter ended June 30, 2013 exceeded $3.1 million, an increase of over 580% compared to the second quarter 2012 consolidated revenues of approximately $449,700. Further, the Company's preliminary second quarter 2013 revenues represented an increase of approximately 19% from the Company's first quarter 2013 revenues, which were approximately $2.6 million.
Mr. Flemming, CEO HII Technologies, stated "AES Water Solutions performed well during the quarter with additional frac water supply activity expanding in South Texas Eagle Ford Shale market and the Cline Shale area of West Texas while maintaining good activity in its Oklahoma markets. Our Safety Services division acquired an important new customer during the second quarter effectively doubling its current monthly revenues. South Texas Power increased revenues as a result of the addition and deployment of new equipment in its custom rental fleet of mobile oilfield generators."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended June 30, 2013 and announcing earnings and related financial results for the period by August 15, 2013.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces New Equipment for Its South Texas Power Division

HOUSTON - July 11, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas,with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its oilfield portable power division known as South Texas Power, or STP, has expanded its rental fleet of equipment. STP augmented its fleet with fifteen new customized oilfield generator sets valued at approximately $750,000 in the past thirty days under the lease program with an existing strategic relationship previously announced by the Company on November 1, 2012.

Mr. Matthew Flemming, CEO of HII Technologies, the parent company of South Texas Power, stated, "Until there is an electricity grid in remote oilfield areas including the Eagle Ford Shale, portable diesel and natural gas powered generators will continue to be in demand." Mr. Flemming continued, "STP's approach is a customer-oriented, turn-key program, providing superior service for oilfield operators by arranging for the delivery of generators, fuel, service and maintenance to provide full time power in the field for its customers. STP is building what we believe is one of the youngest customized oilfield generator fleets in the business."
The Company anticipates continuing to expand its rental fleet rapidly over the next several quarters.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Investorideas.com - How to profit from the shale revolution in Latin America

Investorideas.com - How to profit from the shale revolution in Latin America

A small company with big potential in Colombia; (TSX:CNE), (bvc:CNEC)

By: James McKeigue, MoneyWeek

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July 9, 2013 (Investorideas.com energy stocks newswire) What do the Russian government and Greenpeace have in common? They both fear the spread of America's shale gas revolution. The former worries that if shale takes off elsewhere it will weaken its position in the market, while the latter dreads the supposed environmental consequences of global shale production.

I'm sure you have all heard about shale gas by now, but just to recap, shale gas is natural gas trapped within shale rock formations. Over the past decade, new drilling methods and a process called hydraulic fracturing ('fracking'), which involves pumping a mix of pressurised water, sand and chemicals underground to crack underground rocks and free the gas. Producers now have access to gas that was once uneconomic to extract.
So far the 'shale revolution' has been largely confined to the US , where there is so much of the stuff, there has been a glut. This has helped to drive prices of natural gas to new lows in recent years.
But attempts to launch it elsewhere have failed. For example, after wasting millions of dollars drilling failed wells in Poland – supposedly Europe's best shale prospect – ExxonMobil pulled out of the country last year.
Fracking is not without its risks
In the US , the shale revolution has been nothing short of a miracle. And it promises to grant energy independence to the world's biggest oil importer. Indeed, thanks to shale, the US is set to overtake Russia as the world's biggest gas producer in 2015 and Saudi Arabia as the world's biggest oil producer by 2020.
The energy transformation is boosting America's economy and giving the government new geopolitical strength. It's even helped to cut the country's C02 emissions as the country's power plants switch from coal to gas. So, why aren't other countries following suit?
Well, like most 'miracles', shale energy comes with several strings attached. The extraction technique, 'fracking', involves pumping millions of litres of water and chemicals at high pressure to fracture underground rock formations to release trapped gas. And not everyone is prepared to do it.
For example, the French have banned it over fears that it may contaminate underground aquifers. In the relatively densely populated UK, 'Nimbyism' threatens to slow fracking development, as local communities recoil against the idea of heavy industry despoiling quiet rural spots. Even in places like China , where the government is often prepared to ignore environmental worries or Nimbyism, shale gas is far from certain. In this instance, the problem is water scarcity. China has the world's biggest shale gas reserves and it could sustain a widespread fracking campaign. But experts are uncertain if fracking will take off there.
But Russian oil ministers and Greenpeace activists can't breathe easy just yet. Because Latin America has the perfect conditions for shale gas and I've found one company that looks like it's about to spark the revolution over there.
Why Latin America is built for shale
As a whole, and with the obvious exceptions that mark most generalisations, Latin America has far fewer problems than are found elsewhere in the world. It has sizeable shale deposits, governments and companies that have long worked with the extractive industries, many sparsely populated areas where Nimbyism is less likely, and an abundance of water. Broadly speaking the financials also look good too. The region's strong economic growth means that there is growing domestic demand, while its Atlantic and Pacific coasts give it handy export access to the European and Asian markets, where gas sells for a higher price than it does in North America.
But Latin America is a vast place, so there is bound to be a lot of variation. So it's worth analysing the different opportunities available in each country.--------------------------------------------------------------------------------
If you've enjoyed what you've read so far, I've got something you'll definitely be interested in.
'The New World' is MoneyWeek's FREE globally-focused weekly email, bringing you the most exciting investment stories from Asia and Latin America.
Argentina's huge shale bounty
Thanks to the 2010 discovery of the Vaca Muerta field (translates literally as 'dead cow' field – odd name, I know), Argentina now has the third-biggest shale gas deposits in the world and the fourth-most shale oil.
Estimates vary but energy consultant IHS reckons the country has 6,037 trillion cubic feet (tcf) of gas and 1,135 billion barrels of oil in place. To give that some context, Britain's entire annual gas use comes to about 3tcf. Now it's worth noting that only a small portion of that gas is likely to be extracted. America's Energy Information Administration (EIA) reckons that around 802tcf of Argentina's shale gas is “technically recoverable" – even so, it's still a huge amount of gas.
But despite the massive reserves, I don't think Argentina represents the best bet for New World readers. In 2009/2010, I spent five months in the country writing a report on Argentina's oil and gas sector for a US oil magazine. Socially it was great – I love Argentina and enjoyed the chance to travel out to the oil provinces. But workwise it was a nightmare. Off the record the oil execs would moan that President Kirchner's price controls and taxes meant it made no sense to invest in new production, while on the record they were too worried about upsetting the government to say anything interesting for my report.
But although the experience may not have produced the best writing of my career, it did make a deep impression on me. I hope the country does find a fair way to exploit its amazing bounty and some of my Argentinian friends can benefit. But I don't think it will be easy for small, international private investors like us to profit from it.
Three energy giants with huge prospects
Next up is Mexico , which the EIA estimates has 545tcf of technically recoverable reserves. The situation also looks promising on the government side of things too. A few months ago I heard Francisco Salazar, president of Mexico's Energy Regulatory Commission, speak at London's annual Latin American Investment Forum. He stressed that the government was keen to push shale development. Moreover, he suggested that, while the constitution bans private-sector oil companies owning Mexican hydrocarbon reserves, it may be easier to get firms to develop the country's shale fields.
But despite this optimism, I don't think it's the right option for investors just yet. One of the biggest challenges Mexican shale gas faces is US shale gas. America's established oil infrastructure and service companies give US producers a big advantage over any Mexican rivals. Indeed, an Inter-American Development Bank report on shale gas estimates that it costs five times as much to drill a shale gas well in Mexico as it does across the border in America . That means it's cheaper for Mexican industry to import cheap US gas than to worry about developing its own. Of course those dynamics will change over time – especially if America starts exporting to higher price Asian markets – but for now at least it's a barrier for investors.
Latin America's other energy giants, Brazil and Venezuela , both have lots of shale gas but neither seems rushed to exploit it at the moment. It's estimated that Brazil may have 245tcf of recoverable shale reserves, the third-highest in the region. But at present it is locked into the technically and financially challenging task of exploiting its huge sub-sea oil basins and can't afford to be distracted by shale. Venezuela is believed to have 167tcf of technically recoverable reserves but it's unlikely they will be exploited anytime soon. After all, with conventional oil and gas production below pre-Chavez levels, despite the massive reserves, Venezuela's national oil company has other priorities.
My favourite shale oil prospect
In regional terms, Colombia is a shale energy minnow but I actually think it offers far better prospects for shale investors. Let me tell you why. IHS estimates Colombia's shale could hold more than 3,000tcf of gas. Of this, the EIA believes that around 55tcf could be recoverable, with up to another 6.8 billion barrels of shale oil. As always, these figures need to be treated with caution but to put it in context, it's in a similar ballpark to the UK , where recent estimates hint at 1,500tcf in total with perhaps 10% of that recoverable.
Another positive for investors is that Colombia really needs shale energy. At present it is an oil exporter but with rapid growth stoking demand, it's estimated it may be importing oil by 2017. If the EIA's figures are right, shale could triple Colombia's oil reserves. Another plus is that the country has a great track record in managing extractive industries and establishing fair rules for private-sector firms and international investors.
The Colombian government offers a 40% discount on royalties from non-conventional projects and has raised the price ceiling for its crude tax. It has also worked to improve the bureaucratic processes for unconventional projects.
As David R Mares notes in an Inter-American Development Bank report on shale gas, this is a strategy that Colombia has already used with some success with conventional oil – “provide an attractive environment for investment and they will find reserves and produce".
A small company with big potential in Colombia
Canacol Energy (TSX: CNE), (bvc:CNEC) is a tiny, Canada-listed oil firm that owns acreage in Colombia and Ecuador . The firm has 22 million barrels of oil (boe) of proved reserves, made up of a mix of conventional and shale oil and gas. Once you throw in probable and possible reserves, the firm could be sitting on more than 52 million boe – around 90% of which is in Colombia.
The firm has a real mix of assets with light oil, heavy oil and natural gas. It's currently producing about 8,000 barrels per day from these fields, which is helping to fund its efforts to explore the rest of its 2.5 million acres of concessions. And from our point of view it's this exploration that is the most exciting aspect.
The company has five exploration and production contracts covering 250,000 acres across one of Colombia's most exciting shale basins, the Middle Magdalena Valley , located in central Colombia . These assets have caught the attention of experienced international shale operators who are keen to come to Latin America . ConocoPhillips, Exxon Mobil and Shell are already partners in the firm's shale operations.
I interviewed Canacol co-founder, Luis Baena, on the sidelines of the recent Colombia Inside Out conference in London . Like most top management he does a pretty good job of selling his company, and produced a barrage of statistics to prove why his company is better value for New World readers than his competitors. But while it normally pays to treat management investor talks with a fair dose of scepticism, his arguments resonated strongly with me. He pointed out that the firm had benefited from picking up cheap acreage since 2008.
Now, as interest in Colombia's oil and gas sector grows and surrounding factors, such as security and infrastructure, improve, the value of that acreage is going up. For example, its first deal, with Exxon, valued Canacol's shale acreage at around $774 per acre. The most recent deal, this time with ConocoPhillips, put the value at $3,000 dollars per acre.
Yet even at these prices it's still far below levels in the US where an acre can swap hands for $15,000. As with any small firm, this is a risky bet, but one with plenty of upside.

This article is taken from The New World, MoneyWeek's FREE regular email of investment ideas and news from Asia and Latin America. Sign up to The New World here.
Original source: http://moneyweek.com/new-world-how-to-profit-from-the-shale-revolution-in-latin-america/

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