Business – July 2019

July 2019

BUS_Brazos-pipeBusinesses Making News

New Gathering System in Delaware Basin
Brazos Midstream executed gathering and processing agreements with Shell Exploration & Production to construct a new natural gas gathering system, which will include 16 miles of high-pressure pipeline extending from its gathering and processing systems. It is expandable to support multi-well pad development.
Located in the core of the Delaware Basin, the infrastructure is anchored by 15-year, fee-based acreage dedications totaling 55,000 acres in Loving, Ward and Winkler counties.

A subsidiary of WPX Energy and its joint venture partner in the Oryx II pipeline signed agreements to sell the project. Upon closing, WPX expects net proceeds of $350 million for its 25% equity interest after adjusting for debt financing related to Oryx II. WPX is retaining its contractual rights as a shipper on Oryx.

Integrated maintenance and integrity solutions provider ICR Integrity acquired Sky-Futures Partners, which specializes in drone-based inspections and drone pilot training for the energy sector.

CorteCros expanded its warehouse location in Split, Croatia, with a new manufacturing and laboratory at the site. Cortec’s proprietary VpCI/MCI corrosion control technologies are now manufactured at the facility in accordance with the REACH regulation, enabling fast shipment to any location within the European Union.

Noble Midstream Partners announced a $200 million equity commitment from Global Infrastructure Partners Capital Solutions Fund to fund capital contributions to Dos Rios Crude Intermediate LLC, a newly formed subsidiary holding Noble Midstream’s 30% equity interest in the EPIC Crude Pipeline.

Oilfield technology firm Airborne Oil & Gas and engineering company Simeros Technologies will collaborate to deliver the first qualified thermoplastic composite pipe (TCP) risers in deepwater Brazil. Airborne Oil & Gas began its TCP riser qualification program last year.

CSI Compressco completed relocation and expansion of its East Texas facility from Longview to Kilgore, Texas. The 10,000-square-foot shop facility provides compressor fleet repair and overhaul services and serves as a hub for the company’s expanded field service and parts-stocking capabilities in the region.

Seeq’s measurements innovations earned the Gold Award for Plant Analytics & Design in Plant Engineering magazine’s Product of the Year program. The new products category focuses on oil and gas and non-manufacturing industries. The annual award program gives readers audience the opportunity to select the top new products in their fields.

Integrated maintenance and integrity solutions provider ICR Integrity acquired Sky-Futures Partners, which specializes in drone-based inspections and drone pilot training for the energy sector.

Hyundai Construction Equipment Americas has added Correlli of Dundalk, Md., to its authorized dealer network. Hyundai said its North American network now includes more than 70 dealerships operating in more than 150 locations.

People Making News

BUS_McNattKirby-Smith Machinery promoted Rebecca McNatt to director of Construction Technology. She will be responsible for the growth and development of Komatsu Smart Construction and other equipment manufacturer technology programs offered through KSM. McNatt will focus on strategies that maximize the potential of this technology.



BUS_Najar_CRA1Corrosion Resistant Alloys appointed Tommy Najar as vice president of Commercial, with responsibility for its commercial, marketing, accounting, human resources and digital optimization teams. He also will serve on the corporate leadership team for the Houston-based alloy tube manufacturer. Najar previously held engineering roles at Chevron and Hilcorp Energy.

Altus Midstream announced Craig Collins, chief operating officer, has departed the company. Altus said he accepted a senior midstream position within a large, public E&P company.

BUS_Matt-PondCorrosion Resistant Alloys appointed Matt Pond as chief financial officer. A former vice president of business development at CRA, he worked at Energy Alloys and co-founded oilfield materials companies.

Joe Daches will serve as interim CEO at Lilis Energy following the retirement of Ron Ormand, who served as chairman and CEO. Additionally, David M. Wood has been elected to serve as chairman of the Board.

Ronald C. Kraemer became president of National Fuel Gas Supply Corporation. Kraemer will continue in his role as president of Empire Pipeline, retaining responsibility for interstate pipeline and storage subsidiaries.

BUS_Kellerstrass_NDTKirby-Smith Machinery (KSM) named David Kellerstrass as general manager, Product Support Sales. Based in Dallas, Kellerstrass will manage product support sales operations, including oversight of 16 product support sales representatives. Prior to joining KSM, he was at Power Motive Corporation in Colorado, most recently serving as corporate product support sales manager.

Apache elected Juliet S. Ellis to its Board of Directors. She served as a managing director and senior portfolio manager for Invesco and as that company’s investment officer for U.S. Growth Equities Investment Management Unit until her retirement in March. Ellis also served as senior portfolio manager for Invesco’s Small Cap Growth Fund and Small Cap Equity Fund.

Organizations Making News
BUS_grangerThe American Petroleum Institute (API) hired Lynn Granger as its executive director for the Colorado chapter. She will lead API’s efforts to create new natural gas and oil industry jobs in the state, generate more revenue and lessen dependence on foreign energy.