Total Energy Services Inc. to Receive Contract Termination Payment

Oct 17, 2019

CALGARY, Alberta, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (TSX:TOT, Financial) (“Total Energy”) announces that its wholly-owned subsidiary, Savanna Drilling, LLC (“Savanna”), has reached an agreement in regards to the early termination of contracts for three Savanna drilling rigs operating in the United States. Savanna will be paid a total of US$13.5 million for such early terminations which occurred in October 2017.

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