NWE New West Energy Services Inc

New West Energy Services Inc. (TSX VENTURE:NWE) (the "Corporation") is pleased
to announce that it has entered into an agreement to acquire the operating
assets of Porterco Welding Ltd. ("Porterco") for an aggregate cash purchase
price of $1.4 million subject to certain customary closing adjustments. 


The operating assets of Porterco include all equipment used in the hauling and
handling of drilling waste solids, rental equipment, vehicles, inventory and
customer lists. The transaction is scheduled to close on August 24, 2012.


Summary of Acquisition 

Porterco is an oilfield services company operating in Slave Lake, Alberta. The
services offered by Porterco include drilling waste solids hauling, excavating,
equipment rentals and fabrication. Porterco has fixed assets of approximately
$750,000 and at its year ended April 30, 2012 had revenue of $2.5 million and
EBITDA of approximately $530,000 (all figures unaudited). 


Mr. Gerry Kerkhoff, President and Chief Executive Officer of the Corporation,
explained, "Porterco compliments the existing services offered by our subsidiary
BearStone Environmental Solutions Inc. ("BearStone") and allows us to offer
complete drilling waste fluids and solids hauling and disposal in an active area
for both companies. We believe Porterco has excellent growth potential in the
solids hauling and equipment rental business and we have plans to expand the
asset base this year. The acquisition allows BearStone to operate locally out of
Slave Lake, Alberta and service the oilsands and other active plays in the
area." 


Porterco will operate under the name Porterco Oilfield Services Inc., as a
wholly owned subsidiary of the Corporation. Mr. Cory Porter, founding principal
of Porterco, will remain in the capacity of General Manager as well as Area
Manager for BearStone.


The Corporation has further agreed to issue to Mr. Porter up to 2,000,000 common
shares of the Corporation at a price of $0.06 per common share for gross
proceeds of up to $120,000, such purchase price to be payable in cash by Mr.
Porter. 


All transactions referred to in this press release are subject to the approval
of the TSX Venture Exchange. 


The Corporation's financial statements and its Management Discussion and
Analysis can be found on www.sedar.com.


About New West Energy Services Inc. 

The Corporation operates in the oilfield service industry in Canada through its
wholly owned subsidiary BearStone Environmental Solutions Inc. BearStone
provides environmental services to the upstream oil and gas industry and
operates a fleet of specialized vacuum and water trucks.

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