03-01-2013
Air Liquide acquires Progressive Resources Inc
Air Liquide Industrial U.S. LP today announced that it has acquired Progressive Resources, Inc, an Oklahoma based oilfield services company. PRI is a key supplier of liquid nitrogen and cryogenic storage and distribution systems and related services to the oil and gas services sector. The company primarily serves oil and gas service companies that have significant sourcing and logistical needs.
Bulk liquid nitrogen is provided by PRI to customers for a variety of oil and gas well site applications that include well stimulation, pressure testing, drill stem testing, coil tubing operations, and cleaning and jetting.
Said Mark Lostak, president of Air Liquide Industrial U.S. LP: “The PRI acquisition is a reflection of Air Liquide’s continued commitment to growth, particularly in the U.S. industrial merchant and oil field services markets. We welcome our new employees and look forward to building upon PRI’s significant breadth and experience in oil field services. As a major supplier of industrial gases to the oil and gas services sector, acquiring PRI further expands our commitment to providing customers with the highest quality of products and services in a safe, cost-effective manner.”
PRI’s business is built on a foundation of safety and exceptional service. The company serves customers through five service centers located in Elk City, Oklahoma; McAlester, Oklahoma; Kilgore, Texas; Conway, Arkansas; and, Paintsville, Kentucky.
Currently in North America, Air Liquide supplies nitrogen and carbon dioxide to oil and gas producers and well services companies. The PRI acquisition is the latest in Air Liquide’s growing efforts to enhance service offerings to oil and gas customers, and follows Air Liquide’s recently announced plans to build a plant in northwest North Dakota to serve oil and gas customers in the region.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024