Layne Christensen Launches Water Transfer Business
Layne Christensen Co. announced the launch of the water transfer business within the Layne Energy Services Division. Layne is currently providing these services for its clients operating in the Permian Basin.
Layne Energy Services was formed to address the unique and substantial water demands of the energy industry in a responsible and sustainable fashion. Layne's Energy Services Division will provide solutions to manage every phase of the water cycle as it relates to its use in the oil & gas industry (conventional and unconventional), including hydrogeological investigation and sourcing, transfer, storage, treatment and well testing.
The transfer business transmits water from point-to-point using a variety of piping, containment and management techniques that are efficient, cost-effective and eliminate the need for trucking.
Rene Robichaud, president and CEO of Layne, said, "The commencement of our water transfer operations is an important milestone for our growing Energy Services Division, and we expect to add new water management services during calendar 2013. We are continuing to make the investments necessary as we plan to achieve a $20 million revenue run rate at Layne Energy Services by year-end."
Source: Layne Christensen Co.