Quintana Energy Services Inc. announced a change to the structure of its reportable business segments, effective for the quarter ending March 31, 2020. This change, reducing the number of reportable segments, was made to appropriately reflect recent changes in how the Company manages its business, reviews and assesses operating performance and allocates resources. QES estimates the associated recurring annual cost savings to be approximately $3.0 to $5.0 million once personnel, systems and facility migrations are fully implemented. Effective for the first quarter of 2020, the Company will begin reporting results under two reportable segments: Drilling and Completions. Previously, results for the Pressure Pumping segment, Pressure Control segment and Wireline segment were disclosed as three separate segments and will now be combined into the new Completions segment. In addition, the associated operational, administrative and support functions, including regional leadership, accounting, IT, HSE, among others, will also be consolidated. The two-segment structure is designed to enhance operational synergies, better position QES to address industry trends, and provide customers with a comprehensive all-in-one completion solution. In addition, as part of QES’ new senior leadership structure, the Company now operates within new decision-making parameters. The Company will begin reporting its financial results under the new reportable segments with the filing of its Form 10-Q for the first quarter ending March 31, 2020.