Essential Energy Services Ltd. announced the following executive changes effective immediately: Ms. Laura Ingram, currently Controller, has been appointed Chief Financial Officer; and Mr. Jeff Newman, currently Chief Financial Officer, has been appointed Senior Vice President. Ms. Ingram joined Essential in 2020 as Controller. She has over 15 years of financial and business experience, including four years in public practice and seven years with a publicly traded oilfield service company.

Ms. Ingram has strong financial and business acumen and fostered excellent operational relationships since joining Essential. She has proven to be an excellent leader and mentor to her team. Ms. Ingram holds a Certified Professional Accountant (CPA, CA) designation and has a Bachelor of Commerce degree and a Psychology degree.

During the prolonged industry downturn, Essential significantly reduced its staffing levels and management layers to reduce costs. These changes are an important step to augment the executive team and facilitate orderly succession planning. Essential does not currently plan to replace the Controller position.