GASFRAC Energy Services, Inc. announced that revenues and profit before income taxes for the first quarter of 2012 are expected to be lower than for the fourth quarter of 2011. Revenues are expected to be approximately 50% better than the first quarter of 2011, in comparison to the fourth quarter of 2011 they are expected to decline by approximately 25%. This decrease reflects two events: an early spring break- up in Canada and low activity in the USA where several clients who completed trials during the fourth quarter of 2011 continue to assess production results over several months to determine not only initial production results but also calculate decline curves. This combination of events has resulted in lower utilization rates and corresponding EBITDA margins.