Eco-Stim Energy registers $30 million of common stock for public sale

Bookrunners FBR and Roth Capital Partners will assist with sale

By Devika Patel

Knoxville, Tenn., May 29 – Eco-Stim Energy Solutions Inc. will price a public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $30 million of stock.

FBR Capital Markets & Co. and Roth Capital Partners, LLC are the bookrunners.

Proceeds will be used to finance capital expenditures related to the company’s turbine-powered pressure pumping units (TPUs), for complementary equipment needed to put the TPUs into operation and for the final payments on its second conventional pressure pumping fleet. Proceeds will also be used for working capital and general corporate purposes, which may include the purchase and maintenance of existing equipment, retirement of debt and inventory purchases.

The oilfield services company is based in Houston.

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