DeRouen Named EVP of Operations for WISE Well Intervention Services

Production Enhancement Group has announced the appointment of Mark W. DeRouen as Executive Vice President of Operations of WISE Well Intervention Services, Inc. ("WISE"), PEG's operating subsidiary. DeRouen's responsibilities will include directing and administering the operating and sales divisions of WISE (Coil Tubing, Nitrogen, Pressure Pumping and Slickline services) and assisting in the development and execution of corporate strategies and strategic objectives.

DeRouen has domestic and international oil and gas services experience spanning 25 years. Most recently, he was Founder and President of 5D Consulting, Inc. which supplied coil tubing drilling engineering, project managers and well site supervision personnel to the oil and gas industry. Prior to this, Mark was Vice President of Coil Tubing, Pumping and Stimulation for Superior Energy Services, Inc. He also spent several years with Schlumberger in African operations and managing coil tubing drilling services in the United States and the Gulf of Mexico, OSCA and ARCO.

"Mark DeRouen is a highly respected executive both domestically and internationally, with broad experience having led both U.S. and international operations. He understands sales and appreciates the complex environment we operate. Mark also brings the needed coil tubing drilling expertise PEG's clients are asking for," said Jaime B. Crawford, President of WISE.

Joseph P. Lahey, Chairman of the Board and CEO of PEG, said, "Mark is committed to our culture, our mission and our customers to be #1 in client and employee loyalty, #1 in field service quality, #1 in standard work over services and #1 in efficiency. He has built strong teams and been successful wherever he has led. This management appointment occurs at a time of strength and momentum for PEG. Our overall management team has never been stronger. We are confident that the strategy we are implementing is the right one for future success."

"I am looking forward to being part of the leadership team of PEG," DeRouen said. "PEG is well positioned in today's environment to grow its market share and returns and is more relevant in delivering the services that our clients need more than ever. Our strategy is sound and our management team is extremely capable. I am confident we will deliver value to our shareholders, increase business lines to our customers and expand our growth domestically and internationally."