Archive for the Electricians Category

New Website up and running

Posted in Electricians, Oil Drilling with tags , , , , on August 20, 2012 by amandarandjtech

R and J Technical Services is proud to announce the launch of our new website.  We’ve re-vamped our page to highlight our operations and employment opportunties. Take a minute to see the click on our new additions and find out more information on our company.  www.PowerProsUSA.com

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National Oilwell to Acquire Robbins & Myers for $2.5B

Posted in Electricians, Gas Industry with tags , , , , on August 10, 2012 by amandarandjtech
by  Karen Boman

Rigzone Staff

Thursday, August 09, 2012

Original article found here

Houston-based oilfield service company National Oilwell Varco Inc. (NOV) will acquire Robbins & Myers in an all-cash transaction valued at approximately $2.5 billion, NOV said Thursday.

The combination of NOV and Robbins & Myers’ manufacturing infrastructure and portfolios of technology will allow NOV to further advance its presence in the oil and gas markets it services, NOV Chairman, President and CEO Pete Miller said in a statement on Thursday.

“Robbins & Myers has many complementary products with those National Oilwell Varco currently offers the industry,” Miller said. “I am particularly enthusiastic about the prospect of incorporating their downhole tools, pumps and valves into National Oilwell Varco Petroleum Services & Supplies and Distribution & Transmission segments.”

The transaction will allow Willis, Texas-based Robbins & Myers “to join forces with an industry leader that will enable its business segments to fully capitalize on their respective strategies, enhance leadership positions in niche applications, and execute growth plans at a faster pace,” said Pete Wallace, president and chief executive officer of Robbins & Myers, in a statement Thursday.

The agreement calls for Robbins & Myers’ shareholders to receive $60/share in cash in return for each of the approximately 42.4 million shares outstanding. The acquisition is expected to close in the fourth quarter of calendar year 2012.

The deal is the latest in a series of acquisitions made by NOV this year as the company seeks to expand its product offering and customer base.

In April of this year, NOV announced an agreement to acquire Schlumberger Limited’s Wilson distribution business segment. NOV completed that acquisition in May.

NOV also unveiled plans to acquire CE Franklin, a Canadian supplier of products and services to the energy industry, for CAD$240 million. Schlumberger was the largest shareholder of CE Franklin.

In February, Subsea 7 and NKT Holding agreed to sell their NKT Flexibles joint venture to NOV for $672 million.

GHS Research sees NOV’s acquisition of Robbins & Myers as positive for both parties, with Robbins & Myers shareholders getting a respectable takeout price in an all-cash deal, GHS analyst Brian Uhlmer said in a research note Thursday.

The agreement for $60/share is a 28 percent premium to Robbins & Myers closing price on Aug. 8 and an approximately 12 percent premium to its 52-week high.

NOV will get the Robbins & Myers business for less than nine times earnings before interest, taxes, depreciation and amortization, but likely even less as it shaves $50 million to $75 million out of the cost structure.

Karen Boman has more than 10 years of experience covering the upstream oil and gas sector. Email Karen at kboman@rigzone.com.

A career with R & J Technical

Posted in Electricians, Gas Industry, Oil Drilling, Uncategorized with tags , , , , , on February 3, 2012 by amandarandjtech

R & J is always looking for qualified and experienced industrial electricians for our North Dakota area.  We offer top pay and an excellent benefits package complete with per diem, travel, and housing.  Once our probation period of 90 days is complete, employees are eligible for our full time benefits.  The benefits we offer are health insurance, dental insurance, vision insurance, flex spending, 401K, profit sharing, and life insurance.  We also have a safety bonus program in effect that, if qualified, could earn our technicians another $500.00 per quarter.  Another benefit that R & J just instated is a “loyalty bonus”, which gives every north Dakota rig electrician $2.00 addition an hour for every hour worked, to be paid at the 1 year employment anniversary date, and thereafter every six months.  We also have a tool purchase program and a uniform allowance.  (Please inquire for more details on these).  R & J takes pride in our employees and likes to see them progress.  We will pay for electrical licensing, and when approved, training.  This is a great organization to work for, if you’d like more information about our company, please feel free to check out our website at www.powerprosusa.com

 

Hilcorp purchases Chevron’s Cook Inlet Assets

Posted in Electricians, Gas Industry, Oil Drilling, R&J Technical Services with tags , , , , , , , , , , , , , , on January 6, 2012 by amandarandjtech

Hilcorp buying Chevron’s Cook Inlet assets

Hilcorp Alaska LLC and Chevron announced that Chevron’s wholly owned indirect subsidiary, Union Oil Company of California, has agreed to sell its Cook Inlet, Alaska oil and gas assets to Hilcorp.

Financial terms were not disclosed.

The transaction closed at the end of 2011.

Assets in the sale include Union Oil contracts and interests in the Granite Point, Middle Ground Shoals, Trading Bay and MacArthur River fields; interests in 10 offshore platforms; interests in onshore gas fields including the Ninilchik unit and the Beluga River unit; and two gas storage facilities.

Current net production from the assets is some 3,900 barrels of oil and 85 million cubic feet of natural gasper day.

The sale also includes interests in the Cook Inlet Pipe Line Co. and Kenai Kachemak Pipeline LLC.

Chevron will retain its non-operated joint venture interests on the Alaska North Slope and its 1.36 percent interest in the Trans Alaska PipelineSystem.

Hilcorp, founded in 1989, is one of the largest privately held independent oil and natural gas exploration and production companies in the United States. Hilcorp is headquartered in Houston, has more than 700 employees and nine operating areas including the Gulf Coast region, the Gulf of Mexicoand the Rockies.

Operating across the United States, Hilcorp continues to grow by actively acquiring and exploiting conventional assets while expanding its footprint into a number of new resourceplays.

Hilcorp has been recognized for its progressive culture, values and ethics.

Happy Thanksgiving!

Posted in Electricians, Gas Industry with tags , , , , , on November 24, 2010 by Kirstin Harris

From everyone at R&J Technical Services we would like to wish you a happy Thanksgiving. We are very thankful here at R&J for the good year we have had, and hope that you have had a year to be thankful for as well. Stay safe and eat lots!

powerprosusa.com

Rig Job Boom in North Dakota

Posted in Electricians with tags , , , , on November 16, 2010 by Kirstin Harris

The number of oil rigs in North Dakota’s oil patch has practically doubled since the summer months, and as an added bonus, so have the jobs. The increase in number of rigs is attributed in part to the BP oil spill which has companies drilling on land instead of off shore. Another reason for the jump could be the strong crude oil prices of late, along with the weak prices of natural gas.

Each new rig that comes onto the scene brings 40 direct jobs, and 80 indirect jobs, this is great news for those who feel like unemployment is the theme of this year. North Dakota has been going strong, currently there are 4810 active wells as of spring of this year, producing approximately 284,345 barrels of crude oil each day. Making North Dakota the 4th largest oil producer in North America.

If you are an oil rig electrician this can be a great opportunity for you, rigs can’t survive without a good electrician to keep the rig running. If you are looking for work as an oil rig electrician check us out at powerprosusa.com

R&J Has a YouTube Channel

Posted in Electricians with tags , , on August 17, 2010 by Kirstin Harris

Check out our YouTube channel for information on our company. R&J YouTube