American Oil and Gas Reporter - July 2020 - 77

IndustryFocus: Companies, People and Products
KPS Capital Partners Buys Lufkin From Baker Hughes
NEW YORK-KPS Capital Partners
LP reports it has signed a definitive agreement with Baker Hughes to acquire
Lufkin.
Lufkin is a global provider of rod lift
products, technologies, services and solutions, including automated control and
optimization equipment and software for
rod lift equipment. Formed in 1902, the
company manufactures a complete line
of surface pumping units, downhole sucker
rod pumps and automation systems in
six manufacturing and assembly facilities
worldwide, KPS describes.
"We are excited to create an independent Lufkin," says Michael Psaros,
KPS' co-founder and co-managing partner. "KPS will build a successful energy
platform on the foundation of Lufkin's
legendary brand name, unparalleled reputation for reliability, superior technology
and global footprint. KPS Partner Ryan

Baker will lead a team to acquire complementary technologies and products
that serve the upstream sector in partnership with Lufkin's management team.
Lufkin will benefit from being a debtfree business with access to the very
significant financial resources of KPS."
Andy Cordova, previously Baker
Hughes' general manager of rod lift solutions and now president of Lufkin Industries, says, "KPS is an ideal partner
with a decades-long track record of creating and building industry-leading companies. KPS' global platform, commitment to manufacturing excellence and
significant financial resources will enable
Lufkin to accelerate its growth and
invest in technology and process improvements for our customers, while
enhancing our established reputation
for industry-leading technology, quality
and customer service."
❒

ION, PGS Pool 2-D Seismic To Help Unlock Frontiers
HOUSTON-ION Geophysical Corp.
and PGS say they are collaborating to integrate their 2-D multiclient data libraries.
The partners calculate that together,
their libraries hold a million kilometers
of data, including many areas of genuine
broadband seismic, that cover all the
significant hydrocarbon provinces around
the world. By drawing on ION's latest
imaging technology and PGS' broadband
2-D GeoStreamer® offering, the companies add that they will produce enhanced
deliverables with higher resolution and
greater spatial coverage in order to offer
deeper insights and more reliable prestack
attributes for exploration screening.
"The combined 2-D data libraries will
provide exploration and production companies with a more efficient way to
identify and high-grade attractive frontier
investment opportunities," assesses Berit
Osnes, PGS' executive vice president of
new ventures. "ION's BasinSPAN™ offering is globally recognized as the benchmark tool for exploration insights at the
basin scale. Referencing and integrating
our GeoStreamer enriched 2-D data library
into that framework will create a valuable
opportunity to add resolution to that understanding."
The companies mention that their colCheck out the web exclusives at
AOGR.com

laboration extends beyond existing data
to include new programs and integrating
third-party data when it is relevant.
For more information, visit iongeo.com
or www.pgs.com.
❒

Block Energy Taps EPI
For Reservoir Expertise
CAMBERLEY, UNITED KINGDOM-
Block Energy PLC has engaged the outsourced development department (ODD®)
of EPI for work related to assets in Georgia,
EPI reports. EPI says it will provide a subsurface development department that is
fully integrated into Block's organization.
"The ODD enables management teams
to focus on core functions, company strategy and growth. We are thrilled to bring
this service to Block Energy, providing
our expertise in geophysical and geological
interpretation, petrophysics and reservoir
engineering," says Gehrig Schultz, EPI's
chief operating officer of geoscience.
"We are delighted to welcome the EPI
team, whose engagement expresses a
strong vote of confidence in our asset
base," says Block Energy Chief Executive
Officer Paul Haywood. "Our Georgian
portfolio is an undervalued resource base.
The relationship with EPI will significantly
augment our technical capability and enhance the group's ability to define the
optimum development program for the
soon-to-be-acquired XIB asset."
For additional information, please
visit www.epigroup.com or www.blockenergy.co.uk.
❒

Shell Contracts Danos To Staff Gulf Platforms
GRAY, LA.-Danos has been awarded
a contract with Shell Exploration and
Production Co. to provide a workforce
across Shell production assets in the
Gulf of Mexico, including Appomattox,
Auger, Enchilada, Salsa, Mars, Ursa,
Olympus, Perdido and Stones.
The three-year contract will employ
144 Danos personnel, the company
says, including crane operators, control
room and process operators, electricians,
electronic technicians,
instrument technicians,
logistics and on-site
supervisors.
"Danos and Shell
have partnered since

1971, and we are proud to continue
that relationship," comments owner Eric
Danos. "With a 73-year history, Danos
has lived through many industry cycles.
In today's market, we understand the
need to find innovative ways to provide
services to our customers, and this contract is an example of that."
For more information, visit
danos.com. ❒

Shell's Appomattox platform is one of many in
the Gulf of Mexico for
which Danos says it will
provide production workers under a three-year
contract.

JULY 2020 77


http://www.epigroup.com http://www.blockenergy.co.uk http://www.iongeo.com http://www.pgs.com http://www.blockenergy.co.uk http://www.danos.com http://www.AOGR.com

American Oil and Gas Reporter - July 2020

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American Oil and Gas Reporter - July 2020 - Intro
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