Saturday, August 3, 2013

Waste Mangement Acquires Two Williston-Based Energy Service Companies -- Huge Story For Williston And For The Bakken

I don't know how familiar folks in North Dakota, or more specifically, Williston, are with regard to Waste Management but that's the company with the huge green waste hauling trucks. They are a huge company in the east.

A reader (thank you very much) sends me a link to Waste Management's webpage in which the company announces the acquisition of two Williston-based companies. This is a huge, huge deal for Williston:
Waste Management, Inc. today announced that it has acquired Summit Energy Services and Liquid Logistics, two Williston, North Dakota energy services companies. The acquisitions will enhance Waste Management’s environmental service offerings to oil and gas industry customers working in the Bakken Shale formation.
“While we work with oil and gas customers around the country, these acquisitions give us access to an element we haven’t previously served,” said Harry Lamberton, vice president of energy and environmental services for Waste Management. “They also add expertise that we will use in the other North American regions where we provide environmental services to oil and gas customers.”
Lamberton said the addition of 140 employees from the two companies would add skills and services including roustabout and oil well-site maintenance, road and well-site pad construction, storm water and erosion control management, aggregate crushing and sales, well monitoring pumping and more.
Lamberton added that WM eventually will add offerings such as rig maintenance and tank cleaning, drill cuttings solidification and disposal, based on customers’ needs.
This is another big story for Williston and the Bakken. 

No comments:

Post a Comment