ENG Expands Into The Permian Basin

Rhea-AI Summary

ENG (NASDAQ:ENG) has announced the expansion of its operations into the Permian Basin, Texas, driven by increased client demand for its engineering, procurement, construction, and fabrication services. Based in Monahans, Texas, ENG will leverage local businesses and its facilities in Houston and Henderson to deliver comprehensive project solutions. This move aims to enhance safety and quality in service execution while broadening its client base in a competitive market. The company has also implemented automation upgrades to ensure efficiency and cost-effectiveness.

Positive

• Expansion into the Permian Basin addresses increased client demand.
• Utilization of local businesses and suppliers enhances community support.
• Automation upgrades across facilities aim to improve safety, quality, and cost.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / March 1, 2022 / ENG (NASDAQ:ENG), a leading provider of innovative, complete project delivery solutions for the energy industry, today announced that, due to the significant increase in client demand for its engineering, procurement, automation, fabrication, and construction services in the Permian basin in West Texas, the company has commenced operations there based out of Monahans, Texas.

ENG's West Texas operations will utilize and support local businesses, and labor and equipment suppliers in addition to engineering and project services support from its Houston, Denver, and Tulsa offices, as well as from its well-established fabrication facilities in Henderson, Texas and its integration facilities in Houston, Texas to provide its suite of services. This will also allow the company to expand its existing client base by providing highly competitive, safe, quality engineering, procurement, construction, fabrication and integration project execution to the area.

Sr. Vice President of Oil and Gas for ENG - Doug Fieldgate stated, "We are excited to be taking our comprehensive suite of services with our highly experienced teams into the Permian basin to support our clients with a strong focus on safety and quality across all of the disciplines including mechanical, piping, structural, electrical, instrumentation and automation."

This announcement follows an aggressive automation upgrade of ENG's processes and equipment across the board in both of its fabrication and integration facilities with the objective of ensuring a focus on safety, quality and cost.

About ENG

ENG (NASDAQ:ENG) is a leading provider of complete project solutions for renewable and traditional energy throughout the United States and internationally. ENG operates through two business segments: Commercial and Government Services. The Commercial segment provides engineering, design, fabrication, construction and integration of automated control systems as a complete packaged solution for its clients. The Government Services segment provides engineering, design, installation, operations, and maintenance of various government, public sector, and international facilities, specializing in turnkey automation and instrumentation systems for the U.S. Defense industry worldwide. Further information about the Company and its businesses is available at www.englobal.com.

Safe Harbor for Forward-Looking Statements

The statements above regarding the Company's expectations, including those relating to its future results, its operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties. For a discussion of risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ENG's filings with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings.

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CONTACT:
Market Makers - Investor Relations
Jimmy Caplan
512-329-9505
Email: jimmycaplan@me.com

Market Makers - Media Relations
Rick Eisenberg
212-496-6828
Email: eiscom@msn.com

SOURCE: ENGlobal

View source version on accesswire.com:
https://www.accesswire.com/690757/ENG-Expands-Into-The-Permian-Basin

FAQ

What is ENG's recent expansion announcement?

ENG has expanded its operations into the Permian Basin in Texas to meet increased client demand.

Where is ENG's new operation based?

ENG's new operations are based in Monahans, Texas, within the Permian Basin.

What services does ENG offer in the Permian Basin?

ENG offers engineering, procurement, fabrication, construction, and automation services in the Permian Basin.

How will ENG's expansion benefit local businesses?

ENG plans to utilize local businesses and suppliers to support its operations in the Permian Basin.

What has ENG done to enhance safety and quality?

ENG has implemented automation upgrades to improve safety, quality, and cost efficiency in its services.