Boots & Coots Pays Respect to Edward Coots Matthews

Edward M. ‘Coots’ Matthews, co-founder of Boots & Coots, Inc. (NYSE:WEL), passed away peacefully yesterday, March 31. He was 86 years old.

“Boots & Coots recently celebrated its thirtieth anniversary, and we owe a tremendous debt to Mr. Matthews for the vision he and Boots Hanson shared when they formed this company and the culture they developed that helped the company endure the hard times as well as the good,” said Jerry Winchester, president and chief executive officer of Boots & Coots. “We send our condolences to Mr. Matthews’ family, and our respect to a truly remarkable individual. His imprint on this industry will live forever.”

Edward Coots Matthews and Asger Boots Hansen founded Boots & Coots in 1978 after nearly 20 years of working for Red Adair. Both were involved with the industry’s most notorious blowouts, such as the "Devil's Cigarette Lighter" in Gassi Touil, Algeria in 1961, Lake Maracaibo in 1991 and the Kuwait oil fires in 1991. Coots Matthews retired in 1994.

About Boots & Coots

Boots & Coots, Inc., with its headquarters in Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. Boots & Coots’ products and services include well intervention services designed to enhance production for oil and gas operators. These services consist primarily of hydraulic workover and snubbing services. Boots & Coots’ equipment services segment provides high pressure, high temperature rental tools. The company’s pressure control services are designed to reduce the number and severity of critical events such as oil and gas well fires, blowouts or other incidences due to loss of control at the well. This segment consists primarily of the company’s Safeguard prevention and emergency response services. Additional information can be found at www.boots-coots.com.

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