Tri-Point Acquires 2 Permian Basin Equipment Providers
7/6/2017
Tri-Point acquired Edge Manufacturing & Technology, and Crossfire Sales and Services. Both Midland, TX-based companies specialize in oil and gas production and processing equipment, supplies and associated services. The acquisitions enlarge Tri-Point’s expanding geographic footprint to include the Permian Basin.
Tri-Point expects the acquisitions to enhance the company’s current equipment and service offerings:
- Edge is an industry leader in the manufacturing of ASME and Non-Code vessels in the Permian Basin. The company specializes in separators, heater treaters, free water knockouts and oil storage tanks.
- Crossfire Sales & provides standard and custom oil and gas field products including pipe, valves, fittings, project trailers and combustors. The company has locations in Artesia, New Mexico, and Midland and Fort Stockton, TX.
Financial details of the transactions were not disclosed. The acquisition of Edge and Crossfire follows Leed Fabrication, Superior Fabrication and Streamline Production Systems joining the Tri-Point team over the past 10 months.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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