Right here in America there is a modern day oil & gas boom. Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Shale Formation of the Williston Basin Province, Montana and North Dakota.

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Tuesday, June 14, 2011

Delta Rigging Strikes Deal to Expand Bakken Shale Presence

Delta Rigging & Tools (DR&T), a leading US provider of lifting and rigging products, announced on Monday that it acquired North Dakota-based Grizzly Wire Rope & Chain.
The acquisition gives DR&T a well-established location in the center of the Bakken oil shale region, the company said, providing strategic growth opportunities to better serve the rapidly expanding oil and gas development activities across a multi-state area.
“We had been looking for a way to expand into the Bakken shale area for some time,” said Kevin Rodgers, CEO of Delta Rigging & Tools. “After a careful review of the Grizzly Wire Rope & Chain operations, it became clear that taking a well-established and growing operation like Grizzly and making it a part of Delta Rigging & Tools was the best strategic move for us, and the best way to serve our existing and new customers working in the Bakken.”
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