Full Speed Ahead for PA O&G Construction Company McCarl’s
McCarl’s Inc. is ranked among the top fifty industrial contractors in the country. The company specializes in construction for companies in petroleum, chemical, power, steel, water treatment, cryogenic processing and the oil and gas industries. McCarl’s is also a “home grown” business–with its headquarters in Beaver Falls, PA. We love a good story about a local business. Last week McCarl’s announced they’ve hired Jeffrey Hines as executive vice president charged with leading a new phase of growth for the $150 million company. McCarl’s isn’t letting the price collapse of oil and gas hold them back. It’s full speed ahead…
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Just last week we told you it’s getting so bad out there because of the low price of oil and gas, that even some law firms are closing down. We told you that Burleson LLP, headquartered in Houston but with a sizable office they opened in Pittsburgh six years ago, is shutting down all of their offices, including Pittsburgh (see
It seems like almost every day we read the “bad news” that more rigs are being laid down in the Marcellus/Utica, and jobs are being lost. We’re in the midst of a vicious down cycle right now in the industry, waiting for light to appear at the end of this long tunnel. So when we spot a story, or press release (in this case) about a company selling to the industry that’s actually expanding rather than contracting, we like to highlight that good news. A company we’d not previously heard of, Inspectorate (aka Bureau Veritas, a French company), announced yesterday they have expanded their offices and laboratories in Linden (NJ), Philadelphia, and Pittsburgh. Inspectorate is a testing and inspection service for the oil and gas industry. The reason for their expansion in the northeast (and elsewhere in North America) is an uptick in demand for liquefied petroleum gas (LPG) testing. Shale gas production drives increased market demand for propane, butane, and ethane, and along with it, the need to test it to ensure and verify quality…
Testing laboratory Exova is a sizable international company with 4,500 workers in 142 locations around the world. Exova, with headquarters in Edinburgh, Scotland, has just added its newest testing lab–number 143–in Pittsburgh. The main customer base they’re aiming for in the Pittsburgh region is the Marcellus/Utica industry. A lot of what Excova does is test metals (and other materials) for corrosion and wear and tear. With all of the pipeline work going on in the Marcellus/Utica, it certainly makes sense for Exova to want a piece of that action…
California company Capstone Turbine Corporation, on the left coast, continues to land new sales in the Marcellus/Utica region. We first told you about Capstone selling their microturbine energy systems in 2014 (see
In September MDN told you that the 711-mile ET Rover Pipeline, costing an estimated $3.7 billion to build, had awarded a contract to an Ohio company to build 39 compressor stations (see
Hybrid Tool Solutions has just sold itself to a venture capital firm by the name of Hastings Equity Partners for an undisclosed amount of money. Hybrid Tool, headquartered in Oklahoma, has major operations in the Marcellus/Utica. The company has a patent pending, unique process for conducting frac plug drill outs. What the heck is that? Along the horizontal section of an underground bore hole, plugs are inserted every so often in order to wall off a section of the pipe where fracking will be done. The plugs divide the pipe into sections so each section can be worked on separately–starting with the section furthest out (the “toe”). After all sections are fracked, a drill is put down the hole to drill out the frac plugs and release the gas to the wellhead, putting the well into production. It is that process of drilling out the frac plugs that Hybrid performs, having done over 800 wells in the Marcellus/Utica over the past two years. By selling themselves (essentially getting new funding), they plan to expand beyond the northeast into other shale plays…
ET Rover is a 711-mile Marcellus/Utica natural gas pipeline that will serve mostly U.S. customers and will cost $3.7 billion to build and run from PA, WV and eastern OH through OH into Michigan and eventually into Canada (see