HOUSTON, Texas, June 04, 2018 (GLOBE NEWSWIRE) — SMG Industries, Inc. (the “Company”) (OTCQB:SMGI), an oilfield services company headquartered in Houston, Texas, focused on selling products and services to drilling rig operators, E&P companies and other oilfield related businesses, today announced the opening of their subsidiary’s MG Cleaners LLC new location in Alice, Texas.
Mr. Matt Flemming, CEO of SMG, stated, “We are pleased to expand our products and services to the South Texas area. By opening a facility in Alice, Texas, we can reach those drilling operators and E & P companies that requested we offer our products like Miracle Blue™ and services such as rig wash crews in the Eagle Ford Shale.” Mr. Flemming also stated, “This is another step in our Company’s plan to expand our exposure in Texas and another avenue towards increasing future revenues.”
Mr. Stephen Christian, President of MG Cleaners LLC, stated, “The addition of this new facility in South Texas will provide logistical efficiencies along with the expansion of our in-basin footprint in the Eagle Ford, where it is anticipated that drilling operations will significantly increase as oil prices inch higher. After receiving multiple requests for our products and service work from customers who have recently moved to South Texas, our work staff is now in place and is expected to be fully productive within the next several weeks.”
The Eagle Ford in South Texas has about 88 rigs currently operating; approximately 81% of which are operated by existing SMG Industries customers. South Texas rigs will be serviced through SMG’s new location in Alice, TX. Given the current price of WTI many E&P companies have expanded their drilling programs through the end of 2018 picking up more rigs. Technology is driving faster drilling cycles which should continue to grow demand for SMG’s rig washing services along with their proprietary industrial degreaser Miracle Blue™.
About SMG Industries, Inc.: SMGI is an oilfield services company that operates throughout Texas and adjacent states of New Mexico and Louisiana. The Company, through its wholly-owned subsidiary MG Cleaners LLC., is focused on selling proprietary branded products including detergents, surfactants and degreasers (such as Miracle Blue™) to oilfield drilling rig contractors, E&P operators and oilfield companies. In addition to the Company’s proprietary products, SMGI sells equipment and parts and has service crews that perform on-site repairs, maintenance and drilling rig wash services for customers such as Nabors Industries, Patterson-UTI, Helmrich & Payne, Cactus Drilling and others. SMGI is headquartered in Houston, Texas with facilities in Odessa, Carthage and Alice, Texas. Read more at www.SMGIndustries.com and www.mgcleanersllc.com.
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