Energy & Mining International - Spring 2011 - (Page 120)

E M I G A S S E A R C H D R I L L I N G S E R V I C E S C O R P. SPRING 2011 A Natural Fit GasSearch Drilling Services Corp. expands Energy Service Acquisition Corp.’s vast array of energy capabilities. GasSearch Drilling Services offers comprehensive natural gas drilling capabilities in West Virginia.. GasSearch Drilling Services Corp. engages in the drilling and servicing of oil and gas wells. The company was founded in 2006 and previously operated as a subsidiary of Cabot Oil & Gas Corp., according to Bloomberg. In 2009, Energy Services Acquisition (ESA) Corp. entered a stock purchase agreement to acquire GasSearch Drilling Services Corp. based in Parkersburg, W.Va. According to Rigzone.com, the agreed-upon total acquisition cost $23.5 120 emi-magazine.com million that was payable in a combination of cash and stock. In cash, ESA paid $17.5 million to cover current debt and capital expenditures already planned. ESA shares equal in value of $3.5 million made up the rest of the deal. According to Rigzone.com, GasSearch Drilling Service Corp.’s entire management team remains with the company. President and CEO Denny Harton continues to serve in this capacity, and he since has been named executive vice president of ESA, as well as added to the ESA board of directors. Harton served as president of the Independent Oil & Gas Association of West Virginia (IOGAWV) in 2006. This organization serves as a statewide nonproﬁt trade association that represents companies engaged in the extraction and production of natural gas and oil in West Virginia, and the companies and individuals that support extraction activities, IOGAWV says. “IOGAWV was formed to promote and protect a strong, competitive and capable independent natural gas and oil- producing industry in West Virginia,” the association reports. “IOGAWV’s primary purpose is to promote and protect the West Virginia oil and natural gas-producing industry.” IOGAWV explains that it accomplishes these goals through: • “Identifying and educating our members of the challenges and opportunities confronting our industry; • “Encouraging and projecting a unity of purpose among our membership; • “Educating the general public, elected and appointed representatives about the importance of the industry; • “Protecting and improving both the business and natural environment of our state.” The organization has a number of committees focused on speciﬁc areas: commerce, communications and education, environmental and safety, ﬁnance and taxation, governmental affairs, insurance, investments, membership and programming. LEGISLATIVE ACTION The association works with legislative agencies at the state and federal levels to inform them about issues facing the industry and to encourage them to sup- http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Spring 2011

Energy & Mining International - Spring 2011
Contents
Clean Fuel
Satellites Are Key
Good Vibrations
News
Latin America Focus
Minera Andres
Ventana Gold Corp.
Zincore Metals
AQM Copper Inc.
Canada Focus
Jacobs Engineering Group Inc.
Fladgate Exploration Consulting Corp.
Aurizon Mines
JV Driver
Alderon Resource Corp.
Detour Gold Corp.
Prairie Machine & Parts
Pumps & Pressure Inc.
Yukon-Nevada Gold Corp.
Explor Resources Inc.
Trelawney Mining and Exploration Inc.
Advantage Valve Maintenance Ltd.
Silverman Oilfield Services
Rhino Resource Partners LP – Hopedale Mining LLC
Kimble Cos. Inc.
McVay Drilling Co.
MaXfield Inc.
Ellicott Dredges
Scientific Drilling
Becker/SMC Corp.
GasSearch Drilling Services
Crossrock Inc.
Frontier Services Inc.
Fulcrum BioEnergy Inc.
Summit Midstream Partners
Black Hills Bentonite LLC
Energy Companies
The Final Shot

Energy & Mining International - Spring 2011