COMPANY OVERVIEW ----------------

CLX Energy, Inc., (the "Company") is an independent oil and gas company which was incorporated in the State of Colorado on December 12, 1977. The Company engages in on-shore oil and gas exploration, development and production in the continental United States. The Company's oil and gas activities are concentrated primarily in Colorado, Kansas, Oklahoma and Wyoming.

FINANCIAL INFORMATION ABOUT INDUSTRY SEGMENTS ---------------------------------------------

The Company has engaged in only one industry segment and line of business, namely the acquisition, exploration, development and operation of oil and gas...