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Exclusives

Odessa Pumps under new ownership

A recently-announced transaction posed a win-win situation for DistributionNOW and its newly-acquired pump fabrication company Odessa Pumps, the Odessa American reports. DistributionNOW CEO Robert Workman said the acquisition will allow the company to expand its services further, while Odessa Pumps co-owners Toby and Sondra Oeff say will offer security and aid their business during the downturn. Although the exact terms ...

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Texas solar company shining across the nation

Austin, Texas-based solar company Circular Energy is branching out of the lone star state and headed east in a new business venture. A national provider of solar energy solutions for commercial and industrial customers, Circular Energy recently announced its expansion to Massachusetts, New York, Connecticut and New Jersey. In a press release, Circular announced Rob Liflander will lead the expansion ...

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Comerica Bank: Texas economy still hurting

Fuel prices may be slowly creeping their way back up, but the Texas economy still suffers from this year’s slump in prices. Economists for Comerica Bank attributed the 2.7 percent dip in the bank’s Texas Economic Activity Index to 98.5 percent to the decline and slow recovery of oil and gas prices, the San Antonio Business Journal reports. “The Texas ...

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Obama works to expand solar energy for all Americans

President Barack Obama is continuing the push for more solar energy into the mainstream as the White House revealed a handful of initiatives to make the energy source accessible to lower-income households. Solar may fall in price year after year, but the majority of panels in homes are skewed towards the upper-classes of America. According to a George Washington University ...

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TENORM rules: The right step forward for North Dakota regulators

North Dakota regulators have taken a big step forward this year by proposing regulations for the management of Technologically Enhanced Naturally Occurring Radioactive Material, commonly referred to as TENORM.  TENORM is a concentrated form of Naturally Occurring Radioactive Material (NORM) and results when low-level radioactive elements are produced with fluids from the wellbore and accumulate as the result of filtration, ...

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Bernhard Capital Partners purchase to create jobs

Two companies under Bernhard Capital Partners ownership will combine to form a company that will enlist 6,000 employees throughout the U.S., Canada and Mexico, The Advocate reports. Wink Engineering firm and KBR Inc., an industrial services group from Houston, will now form Brown & Root Industrial Services in Baton Rouge. The company will welcome 25 executive employees to its Baton ...

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Talen Renewable Energy will have a new owner

Towards the end of last month, Talen Energy Corp. [NYSE:TLN] announced it will be selling Talen Renewable Energy, LLC to Energy Power Partners. According to Talen Energy’s press release, the California-based company will be receiving 25 projects in four states, including solar, wind, landfill gas-to-energy and cogeneration projects.  The 25 projects equal to about 65 megawatts of nameplate generating capacity.  ...

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Heart of the Utica gets a hotel

hotel sign

The small town of Cadiz, which is considered the heart of the Utica Shale formation in Ohio, has its first official hotel. The Micro-Inn & Suites by Wyndham opened back in June but will have its grand opening celebration next week.  The 81 room hotel didn’t quite go through the normal development process, but that wasn’t an issue for the ...

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Congress allocates $246M for oil transport safety

In an effort to improve the safety of transporting Bakken crude by rail and pipelines, Congress has allocated $246 million to the Pipeline and Hazardous Material Safety Administration (PHMSA). As reported by the Williston Herald, last week Sen. John Hoeven (R-N.D.) announced the funding made possible by the Transportation, Housing and Urban Development bill. In a statement, he said, “This ...

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