High Plains Gas Announces First Quarter 2012 Construction Division Update

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GILLETTE, Wyo.--(BUSINESS WIRE)--

High Plains Gas, Inc. HPGS announced today that its combined construction subsidiaries, HPG Services and Miller Fabrication, have invoiced over $5 million in completed construction, fabrication, and maintenance services that were performed in the fourth quarter of 2011. The majority of the projects consisted of natural gas facility construction, fabrication services for upstream/midstream energy companies, and ongoing contracts that provide roustabout services for area energy producers.

“The team we have assembled to expand our construction division is exceeding our expectations. There are many projects coming up for bid in the coming year and we believe our team has been able to establish our construction unit as a regional leader in the services and construction industry. We look forward to continuing this growth trajectory through 2012, as we feel that we are well positioned between various energy plays - including the Bakken/Three Forks play in North Dakota and the emerging Niobrara shale play located in Northwest Colorado and Southeast Wyoming. We expect to see our revenue growth accelerate as we move through the year, based on the work we have lined up and the projects we are currently in the process of bidding,” commented Brandon Hargett, High Plains Gas CEO.

About the Company

High Plains Gas, Inc. is a Gillette, Wyoming based company involved in the active ownership and management of two entities within the energy industry. High Plains Gas, LLC, a wholly owned subsidiary of High Plains Gas, Inc., is actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. In 2011, the Company formed a subsidiary, HPG Services, LLC, focused on providing construction, fabrication, and maintenance services to the energy industry, primarily in the Western United States. In October 2011, HPG Services acquired BGM Buildings, a regional construction company focusing on the erection of steel buildings for use throughout the energy and mining industries. Also in late 2011, HPG Services acquired Miller Fabrication LLC, a regional construction and fabrication firm focusing on providing field services to the energy industry in the Western United States. The combination of HPG Services, BGM Buildings, and Miller Fabrication has allowed HPG Services to become a regional leader able to provide clients with a full array of services for the energy and mining industries. For additional information on High Plains Gas, please visit the Company's website at http://www.highplainsgas.com/.

Safe Harbor

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

High Plains Gas, Inc.
Tim Ondrak, 307-686-5030
ir@highplainsgas.com
www.highplainsgas.com

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Posted In: Press Releases
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