Oilfield Services Leader to Build Regional Facility in Cheyenne

CHEYENNE, Wyoming (June 8, 2011) – Schlumberger Technology Corp. has announced that it
will locate a new central maintenance facility in Cheyenne, Wyoming that will service customer
operations in Colorado, North Dakota, South Dakota, Utah and Wyoming. This regional service
center will be located on rail-served acreage in Cheyenne Logistics Hub, the industrial
component at Granite Peak Development’s SWAN Ranch.

Construction is slated to begin this summer and is scheduled for completion later this year.
Schlumberger will seek to engage local contractors for its construction needs. Once operational,
the facility will employee approximately 50 people in engineering and skilled technician
positions. The pay scale is projected to be far above the Laramie County average.

Cheyenne LEADS has invested a significant amount of time and resources to assisting
Schlumberger in its site selection, including brokering the purchase of 10 acres of LEADS’ land
in the rail park. This has been one of the more complicated and detail-oriented projects in
LEADS’ recent history.

LEADS Vice President Scott Sutherland explained that it is LEADS’ strategy to recruit regional
facilities such as this one because they are far less prone to be affected by local boom-and-bust
cycles. “Although it is important, our community is not dependent upon the Niobrara oil play.
Regional facilities such as this are likely to continue to add jobs as new wells and fields are
developed across the western United States. It makes a solid, long-term investment to the local
economy,” Sutherland said.