April 16 (Reuters) - Essential Energy Services Ltd ESN.TO :
* ESSENTIAL ENERGY SERVICES PROVIDES A BUSINESS UPDATE AND REDUCES THE 2020 CAPITAL FORECAST
* ESSENTIAL ENERGY SERVICES LTD - 50% REDUCTION IN BOARD OF DIRECTOR COMPENSATION
* ESSENTIAL ENERGY SERVICES LTD - 50% REDUCTION IN SALARY OF PRESIDENT & CHIEF EXECUTIVE OFFICER
* ESSENTIAL ENERGY SERVICES LTD - SALARY AND WAGE REDUCTIONS THROUGH MOST LEVELS OF ORGANIZATION
* ESSENTIAL ENERGY SERVICES LTD - BONUS PROGRAMS AND MOST INCENTIVE AND ACTIVITY-BASED COMPENSATION WILL BE SUSPENDED
* ESSENTIAL ENERGY SERVICES LTD - REDUCTION OF CERTAIN EMPLOYEE BENEFIT PLANS
* ESSENTIAL ENERGY SERVICES LTD - OTHER COST SAVING INITIATIVES THROUGHOUT ORGANIZATION
* ESSENTIAL ENERGY SERVICES LTD - REDUCED ITS 2020 CAPITAL SPENDING FORECAST FROM $5 MILLION TO $2 MILLION.