Valerus, a leading provider of oil and gas handling and processing services and equipment, announced in June that Eric T. Kalamaras has been appointed as the company's chief financial officer, and will replace Todd Rimmer. Kalamaras most recently served as executive vice president and chief financial officer for Delphi Midstream, and served as executive vice president and chief financial officer for Atlas Pipeline. Prior to those roles he worked in senior financial leadership positions at Wells Fargo and Bank of America Merrill Lynch.
Also, in April, Valerus announced it opened its new facility in Bridgman, Michigan. The facility expands the company’s presence in the North Central region of the U.S. and will help meet growing demand for a wide range of aftermarket field application and repair services for natural gas transmission companies.
The facility serves customers in Michigan, Ohio, Kentucky, Indiana, Illinois, Wisconsin, Iowa and Minnesota. The central location allows quicker response to customers’ operational needs. The facility staff includes OEM-certified technicians who provide services 24 hours a day, including issue diagnosis, parts delivery and installation, and equipment overhauls. The 27,000 square foot center features extensive machining capabilities and three large bays with 10-ton overhead cranes to meet most operational needs.
Recommended Reading
Kimmeridge’s Dell: Every US Basin Contains Both High-quality Inventory, Risk
2024-10-05 - Inventory management is a problem for the E&P space, no matter the basin, said Kimmeridge Energy Management's Ben Dell at Hart Energy's Energy Capital Conference in Dallas.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-04 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Private Equity Gears Up for Big Opportunities
2024-10-04 - The private equity sector is having a moment in the upstream space.
Venezuela Lost Citgo, But the Battle’s Not Over Yet
2024-10-04 - Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Energy Transition in Motion (Week of Oct. 4, 2024)
2024-10-04 - Here is a look at some of this week’s renewable energy news, including the startup of a solar module manufacturing facility with an annual 2-gigawatt capacity.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.