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Patterson-UTI Energy to acquire Texas-based pressure pumping assets
NEWS/DIVIDENDS
Schlumberger invests in Suez Environnement new artificial lift facility purchases Derceto
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chlumberger is building a new US$20 million facility in Colorado for its artificial lift solution business. The 14 800 sq ft operation, located about 60 miles north of Denver, will distribute tools and machinery to help capture oil & gas from under-pressured or depleted reservoirs. Construction is scheduled to begin this month, with completion set for the spring of 2015. The new facility originates from Shores Lift Solutions, an artificial lift manufacturer that Schlumberger acquired in 2013. The company produces rod pumps, gas lifts, plunger lifts, electrical submersible pumps (ESPs) and jet pumps, which are used in the oil field to support production.
For further information, visit www.slb.com
Patterson-UTI Energy to acquire Texas-based pressure pumping assets
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uez Environnement, through its subsidiary Ondeo Systems, has acquired Derceto, a New Zealand company that specialises in solutions for minimising the energy cost of drinking water production and distribution systems. Designed for drinking water utilities, Derceto’s solution accesses electricity tariffs in real time and updates the forecasts for drinking water demand. Using these forecasts, it derives the optimal pumping strategy for the next 24 to 48 hours, updated every 30 minutes. Based in Auckland, Derceto has 20 employees with offices in the USA, Canada and the UK. Derceto integrates with Aquadvanced, a recently launched Suez Environnement tool that allows local authorities to monitor their drinking water networks in real time.
For further information, visit www.derceto.com and www.suez-environnement.com
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Patterson-UTI Energy Inc subsidiary has entered into an agreement to acquire the Texasbased pressure pumping assets of a privately held company. The purchase includes 143 250 horsepower of hydraulic fracturing equipment, which was manufactured in 2011 and 2012, and provides Patterson-UTI with two additional bases of operations and employees to support customer activity in the Eagle Ford and Haynesville shale plays. Andy Hendricks, Patterson-UTI’s CEO, said: “This equipment has not been heavily operated since it was introduced to the market at a time of reduced demand for pressure pumping services. We believe the assets to be well-maintained, in very good condition and in line with our high standards.”
Wilo hires 24 new apprentices
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wenty four new apprentices have joined German pump manufacturer Wilo SE. The 24 trainees started at Wilo headquarters in Dortmund on 1 September 2014 with a two-day Wilo-Welcome. Wilo believes that learning should be fun and foster a sense of confidence. Wilo SE employs 130 apprentices in 13 different fields, including management, machining, industrial mechanics and IT. The 24 apprentices began their training at Wilo SE on 1 September 2014.
Dividends UÊ / iÊ Ingersoll-Rand plc quarterly dividend of US$0.0025 per ordinary share was paid on 30 September 2014, to shareholders of record on 12 September 2014. Ingersoll-Rand, which owns ARO pumps, has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. www.ingersollrand.com UÊ Flowserve Corp’s board of directors has authorised a quarterly cash dividend of US$0.16 per share on the company’s outstanding shares of common stock. The dividend will be paid on 10 October 2014. www.flowserve.com UÊ ÊÌ À`ʵÕ>ÀÌiÀÊ`Û`i`ÊvÊ1-fä°£ÓnäÊ per share was paid on 24 September 2014 to Xylem Inc shareholders. www.xyleminc.com UÊ Roper Industries Inc’s board has approved a dividend of US$0.20 per share payable on 24 October 2014. www.roperind.com UÊ SPX Corp’s quarterly dividend of US$0.375 per common share will be paid on 2 October 2014 to shareholders of record on 15 September 2014. www.spx.com UÊ / iÊ Graco Inc board has declared a regular quarterly dividend of US$0.275 per common share, payable on 5 November 2014, to shareholders of record on 20 October 2014. www.graco.com UÊ Curtiss-Wright Corp’s US$0.13 per share dividend on common stock will be paid on 17 October 2014 to stockholders of record on 3 October 2014.
www.curtisswright.com
UÊ Ampco-Pittsburgh Corp, parent company of Buffalo Pumps, will pay its regular US$0.18 quarterly dividend per share on 31 October 2014 to shareholders of record on 15 October 2014.
www.ampcopittsburgh.com For further information, visit www.patenergy.com
September 2014
For further information, visit www.wilo.com
Pump Industry Analyst
13
Schlumberger invests in Suez Environnement new artificial lift facility purchases Derceto
S
chlumberger is building a new US$20 million facility in Colorado for its artificial lift solution business. The 14 800 sq ft operation, located about 60 miles north of Denver, will distribute tools and machinery to help capture oil & gas from under-pressured or depleted reservoirs. Construction is scheduled to begin this month, with completion set for the spring of 2015. The new facility originates from Shores Lift Solutions, an artificial lift manufacturer that Schlumberger acquired in 2013. The company produces rod pumps, gas lifts, plunger lifts, electrical submersible pumps (ESPs) and jet pumps, which are used in the oil field to support production.
For further information, visit www.slb.com
Patterson-UTI Energy to acquire Texas-based pressure pumping assets
S
uez Environnement, through its subsidiary Ondeo Systems, has acquired Derceto, a New Zealand company that specialises in solutions for minimising the energy cost of drinking water production and distribution systems. Designed for drinking water utilities, Derceto’s solution accesses electricity tariffs in real time and updates the forecasts for drinking water demand. Using these forecasts, it derives the optimal pumping strategy for the next 24 to 48 hours, updated every 30 minutes. Based in Auckland, Derceto has 20 employees with offices in the USA, Canada and the UK. Derceto integrates with Aquadvanced, a recently launched Suez Environnement tool that allows local authorities to monitor their drinking water networks in real time.
For further information, visit www.derceto.com and www.suez-environnement.com
A
Patterson-UTI Energy Inc subsidiary has entered into an agreement to acquire the Texasbased pressure pumping assets of a privately held company. The purchase includes 143 250 horsepower of hydraulic fracturing equipment, which was manufactured in 2011 and 2012, and provides Patterson-UTI with two additional bases of operations and employees to support customer activity in the Eagle Ford and Haynesville shale plays. Andy Hendricks, Patterson-UTI’s CEO, said: “This equipment has not been heavily operated since it was introduced to the market at a time of reduced demand for pressure pumping services. We believe the assets to be well-maintained, in very good condition and in line with our high standards.”
Wilo hires 24 new apprentices
T
wenty four new apprentices have joined German pump manufacturer Wilo SE. The 24 trainees started at Wilo headquarters in Dortmund on 1 September 2014 with a two-day Wilo-Welcome. Wilo believes that learning should be fun and foster a sense of confidence. Wilo SE employs 130 apprentices in 13 different fields, including management, machining, industrial mechanics and IT. The 24 apprentices began their training at Wilo SE on 1 September 2014.
Dividends UÊ / iÊ Ingersoll-Rand plc quarterly dividend of US$0.0025 per ordinary share was paid on 30 September 2014, to shareholders of record on 12 September 2014. Ingersoll-Rand, which owns ARO pumps, has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. www.ingersollrand.com UÊ Flowserve Corp’s board of directors has authorised a quarterly cash dividend of US$0.16 per share on the company’s outstanding shares of common stock. The dividend will be paid on 10 October 2014. www.flowserve.com UÊ ÊÌ À`ʵÕ>ÀÌiÀÊ`Û`i`ÊvÊ1-fä°£ÓnäÊ per share was paid on 24 September 2014 to Xylem Inc shareholders. www.xyleminc.com UÊ Roper Industries Inc’s board has approved a dividend of US$0.20 per share payable on 24 October 2014. www.roperind.com UÊ SPX Corp’s quarterly dividend of US$0.375 per common share will be paid on 2 October 2014 to shareholders of record on 15 September 2014. www.spx.com UÊ / iÊ Graco Inc board has declared a regular quarterly dividend of US$0.275 per common share, payable on 5 November 2014, to shareholders of record on 20 October 2014. www.graco.com UÊ Curtiss-Wright Corp’s US$0.13 per share dividend on common stock will be paid on 17 October 2014 to stockholders of record on 3 October 2014.
www.curtisswright.com
UÊ Ampco-Pittsburgh Corp, parent company of Buffalo Pumps, will pay its regular US$0.18 quarterly dividend per share on 31 October 2014 to shareholders of record on 15 October 2014.
www.ampcopittsburgh.com For further information, visit www.patenergy.com
September 2014
For further information, visit www.wilo.com
Pump Industry Analyst
13