SCF Partners Announces Nine Energy Service (NYSE: NINE) Successfully Completes an Initial Public Offering

HOUSTON–(BUSINESS WIRE)–SCF Partners (“SCF”) is pleased to announce that Nine Energy Service,
Inc. (NYSE: NINE) (“Nine” or the “Company”) successfully completed an
initial public offering of 7,000,000 shares of its common stock at
$23.00 per share. In addition, the underwriters have exercised in full
their option to purchase up to an additional 1,050,000 shares of Nine’s
common stock. Nine’s shares trade on the New York Stock Exchange under
the ticker symbol “NINE.”

“Nine’s entrance into the public markets represents a critical step in
the evolution of the company as a leader in the North American
completions sector. The IPO strengthens the company’s balance sheet and
positions the Company to take advantage of future growth opportunities.
We are incredibly proud of and thankful for the Nine team and all they
have done to build the Company. We look forward to their journey ahead
as a public company,” said Co-President, Andy Waite.

Nine Energy Service, Inc. is a leading North American onshore completion
and production services provider that targets unconventional oil and gas
resource development. Nine provides services to exploration and
production customers across all major onshore basins in both the U.S.
and Canada to design and deploy downhole solutions and technology to
prepare horizontal, multistage wells for production. Nine is
headquartered in Houston, Texas with operating facilities in the
Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica
and throughout Canada.

SCF Partners, headquartered in Houston, Texas, with offices in Aberdeen,
Singapore, Calgary and Houston, is a private equity firm focused solely
on building energy services and equipment companies. SCF has completed
more than 400 energy services investments and helped build 16 public
companies in its nearly 30 year history. SCF partners with experienced
operational management, assists with additional growth through
acquisitions and geographic expansion initiatives to build longstanding
companies within the energy services and equipment industries across the
globe.

J.P. Morgan, Goldman Sachs & Co. LLC and Wells Fargo Securities are
acting as joint book-running managers and as representatives of the
underwriters for the offering. BofA Merrill Lynch and Credit Suisse are
also acting as joint book-running managers for the offering. The
offering of these securities will be made only by means of a prospectus
that meets the requirements of Section 10 of the Securities Act of 1933.
Copies of the written prospectus for the offering may be obtained, when
available, from:

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155
Long Island Avenue
Edgewood, New York 11717
Telephone: (866)
803-9204
[email protected]

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200
West Street
New York, New York 10282
Telephone: (866) 471-2526
[email protected]

Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375
Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
[email protected]

Important Information

A registration statement relating to these securities has been filed
with, and been declared effective by, the Securities and Exchange
Commission (the “SEC”). The registration statement may be obtained free
of charge at the SEC’s website at www.sec.gov under
“Nine Energy Service, Inc.” This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or
jurisdiction.

Contacts

SCF Partners
Theresa Eaton, 713-227-7888
Managing Director
[email protected]