Primoris Services Corporation (Nasdaq:PRIM) announced that its wholly-owned subsidiary, James Construction Group, LLC, has been awarded five contracts valued at approximately $89 million for new work in Louisiana and Texas. The contracts involve highway infrastructure construction and projects related to the construction of industrial gas production facilities.
The first of the highway contracts, valued at approximately $26 million, is for the new I-49 Section F near Shreveport, Louisiana. This is the fourth I-49 project awarded to James over the last twelve months. The work scope, which includes 51,000 cubic yards of concrete paving, 2 million cubic yards of earthwork, and 3 new bridges, should commence in the second quarter of 2011 and be completed over the next two years.
The second highway contract, valued at approximately $39 million, was secured through the James Heavy Civil Division in Belton, Texas and relates to the Williamson County State Highway (NYSEARCA:SH) 195 Project. This project's work scope includes 10 new bridges, 3 million cubic yards of earthwork, and 196,696 tons of asphalt pavement. The contract work will start in the first quarter of 2011 and is scheduled for completion in late 2013.
The James Houston Region, formerly known as Cravens Services, secured the third highway contract. Valued at approximately $9 million, this contract involves the reconstruction and improvement of Callaghan Road for the City of San Antonio, Texas. The project will commence in the first quarter of 2011 and is scheduled for completion in late 2012.
The James Industrial Division was also awarded two separate contracts for projects related to the construction of industrial gas production plants in Louisiana and Texas. These contracts have a combined value of approximately $15 million. The first contract involves work for a new hydrogen plant near Luling, Louisiana. The work scope, consisting of concrete foundations, underground firewater lines, underground sewer lines, and underground electrical duct banks, should be completed by the end of 2011. The second contract, also expected to be completed by the end of 2011, involves the construction of a new air separation plant near La Porte, Texas. The work scope includes 172 tons of structural steel, over 12,000 linear feet of process piping, and the erection/setting of the major process equipment.
Primoris, through various subsidiaries, has grown to become one of the largest specialty contractors and infrastructure companies in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers.
To further understand PPWE's strategy, it is important to know the difference between developmental and exploratory drilling. Exploratory wells are attempts to find new oil and gas fields, whereas development wells expand or more fully tap into a known oil or gas reservoirs.
Since we have the appropriate technology, we will explore. In time, our technology may become the industry standard, and the word "wildcat" may apply to non-radiometrcially surveyed drilling. All of our prospects are classified as exploratory in nature, but they are not "wildcat" since we have the radiometrics data advantage. Our prospects are separated geographically from existing oil and gas production, but they are not always separated geologically or radiologically. Therein lays the difference from "wildcatting."
With reserve prices going higher, the economics of exploration with radiometrics are compelling. We are reducing the finding costs and everything associated with the actual drilling and the completion risks. While there is a higher drilling risk associated with an exploratory well than with a development well, the reward potential with a successful exploratory well far exceeds the upside of any developmental well.
The state of Utah is ranked 13th in the country in crude oil production and 9th in natural gas gross production (Energy Information Administration; rankings based on 2008 production, not including Federal Offshore production areas). There are approximately 9,100 wells currently in production within the state.
Many farmers in Kentucky are trading in their tractors and overalls for oil derricks and wildcatting gear. With the price of oil reaching an all time high and the family farm becoming more and more obsolete, the attraction of getting rich by striking oil on the family's back forty is becoming harder and harder to resist. And not without promise, with current geological readings estimating that nearly five billion barrels of oil reserves could be tucked away near Kentucky's famed coal mines of old.
Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) announced recently that its wholly owned subsidiary, American Resources, Inc. (NYSE:ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping.
Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
After the September 11 terrorist attacks, the Federal government established the National Incident Management System which has improved our country’s emergency preparedness. However, the challenge in cities throughout the country is that “just like 9-11 and Hurricane Katrina,” all disasters are local, and our police, fire, and EMS teams are unable to talk with each other, or with an Incident Command Post using “one common, secure system.”
1-Link is that solution. In use today at the Centers for Disease, Control and Prevention (NASDAQ:CDC) and the Commonwealth of Puerto Rico, 1-Link rapidly connects its current users, and allows interoperability between all officials regardless of their position, or communication device. The solution is software based, vice hardware specific. 1-Link™ provides leaders and first responders at the Federal, State and Local levels information agility – so they can assess and integrate; minds, organizations, responders, and computers to rapidly save lives, restore order and public confidence in their government.
GreenHouse Holdings, Inc. (OTCQB:GRHU), a leading provider of energy efficiency solutions and sustainable infrastructure products, has entered into a strategic partnership with ImageWare Systems, Inc. to provide sustainability and security products and services to government, military and law enforcement agencies, domestically and internationally.
GreenHouse's 1-Link™ service will now be part of the ImageWare Law Enforcement solution package that is being offered to over 20,000 law enforcement agencies in the United States. In turn, GreenHouse agreed to provide opportunities for IWS within the military and government markets for ImageWare biometric identity management solutions which will be included in the 1-Link platform along with other GreenHouse-offered products and services.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Portland, OR, Washington DC and Canada. For more information visit www.iwsinc.com.
GreenHouse Holdings, Inc. is a leading provider of energy efficiency solutions and sustainable infrastructure products. The Company designs, engineers and installs disparate products and technologies that produce persistent technical and financial results, by enabling clients to monitor and control their energy costs in the most efficient manner possible. Its target markets for energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the Company develops, designs and constructs rapidly deployable, sustainable infrastructure primarily for use in disaster relief and security in austere regions. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter @greenhouseintl.
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Crown Equity Holdings Inc. (OTCPK:CRWE) anticipates receiving 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (OTC:PPWE).
Crown Equity Holdings Inc. (OTCPK:CRWE) has received ten thousand dollars in cash and anticipates another ten thousand dollars in cash from the company for 60 days of advertisement services for Green House Holdings, Inc. (GRHU). In addition to the cash, Crown Equity Holdings Inc. (OTCPK:CRWE) also anticipates receiving 20,000 shares of 144 restricted stocks from a third party.