Air Liquide Industrial U.S. LP has acquired Progressive Resources, Inc (PRI), an OK-based oilfield services company, in a move that reflects the company’s objectives in the oil services market.
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 its recently announced plans to build a plant in northwest North Dakota to serve oil and gas customers in the region.
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.
Mark Lostak, president of Air Liquide Industrial U.S. LP, said of the deal, “The PRI acquisition is a reflection of Air Liquide’s continued commitment to growth, particularly in the US 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.”
Electronic Fluorocarbons (EFC), headquartered in Massachusetts, utilizes the latest technology for the purification and microanalysis of its legacy fluorinated specialty gases and rare gases for the medical and electronics semiconductor manufacturing industries.
As we head in to 2018, we look back on a very interesting changing market for krypton (Kr), xenon (Xe) and neon (Ne) in 2017. Ne supply this year continued to increase as new plants came on-stream while the demand was growing slowly after the big decline of 2016.
Electronics manufacturing is a highly complex sequence of adding and subtracting material, with the resulting sum yielding circuits sometimes less than one hundred atoms wide. For over 50 years, Moore’s Law has driven an industry to make smaller devices on larger scales.
GTCR, a leading private equity firm, has recently completed the previously announced acquisition of Cole-Parmer Instrument Company from Thermo Fisher Scientific Inc.
Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases, and related welding supplies, announced that it has acquired US Oxygen Supply (US Oxygen) of Arlington, Texas, and Specialty Air Technologies (SAT) of Long Beach, California. Tech Air is owned by CI Capital Partners and Tech Air ...
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.