Danos has been awarded a multiyear contract on Feb. 2 for production operations with a major oil and gas producer in the Gulf of Mexico (GoM). As a result, Danos has transitioned 107 personnel to the company’s employment over a 30-day period with zero safety or operational issues. The contract began in October, and the employee transition was completed on Nov. 9.
Danos will be providing traditional production service operations and maintenance personnel, such as operators, shipping and receiving clerks, and electricians. Many of the positions are located offshore in the Gulf of Mexico, as well as at the customer’s Lafayette warehouse.
“Our production services team is second to none,” said Owner Paul Danos. “In the last few years, we have successfully completed over 10 contract transitions, representing over 1,300 people. I am proud of our team and their ability to remain in lockstep with our customers’ needs.”
Danos has over 2,100 employees working in the Gulf of Mexico, South Louisiana, the Permian and Delaware Basins, the Eagle Ford Shale and the Marcellus Shale.
Recommended Reading
Infinity Natural Resources’ IPO Nets Another $37MM
2025-02-07 - Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share.
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Mach Prices Common Units, Closes Flycatcher Deal
2025-02-06 - Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Alliance Resource Partners Adds More Mineral Interests in 4Q
2025-02-05 - Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.