Shale Daily / NGI All News Access

Industry Brief

Blaze Energy Corp. said it has settled a dispute with Environmental Energy Services Inc. (EESV), exchanging subsidiary EESV Fayetteville Inc. and associated outstanding notes for EESV's 76% stake in the company, in a stock deal valued at $1.9 million. Under the first phase of a reorganization plan, the Boise, ID-based company -- which is not affiliated with Calgary-based Blaze Energy Ltd. -- also accepted the resignations of all but one of its employees and canceled the lease for its corporate offices.

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