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Company type | Public (NASDAQ: LAYN) |
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Industry | Drilling |
Predecessor | Layne, Inc. (established 1882) |
Founded | 1998 |
Founder | Mahlon E. Layne |
Headquarters | , United States |
Area served | Western Hemisphere |
Products | Water Treatment Equipment, Filter Media, Cured in place pipe renewal |
Services | HydroGeologic Services, Drilling, Well and Pump Maintenance, Water Treatment, Pipeline Installation, Sewer Rehabilitation, Mineral Exploration, Unconventional Natural Gas Production, Soil Stabilization and Dewatering. |
Number of employees | 4,500 |
Divisions | Water Resources, Mineral Exploration, Geoconstruction services and Energy services |
Subsidiaries | 50 Offices worldwide |
Website |
Layne Christensen Company is a U.S.-based global water management, construction and drilling company. The company has two divisions, which are Water Resources-Mineral Services and Inline.
Layne Christensen is involved in the construction of underground projects like dams and levees, tunnels, water lines, subways, highways and marine facilities.
Layne specialists are able to define the source, depth, magnitude and overall feasibility of water aquifers, and drill high-volume wells suitable for supplying water to government agencies, industrial and agricultural customers. Their mineral exploration teams extract contaminant-free samples that accurately reflect the underlying mineral deposits.
Mineral Exploration Division conducts primarily above ground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods. Layne's service offerings include both exploratory and directional drilling for major gold, copper and other base metal producers.
Layne Inline, LLC is the second largest cured-in-place pipe (CIPP) lining company in the United States. Layne began as the first U.S. licensee of the Inline technology in 1991 and since that time has acquired the technology company, Inline Technologies, LLC, and the liner manufacturer, Liner Products, LLC.
Layne identifies and develops new water sources, delivers usable water to communities and facilities around the world, recycles water from oil and gas operations, rehabilitates existing pipelines, and safely returns wastewater to the natural environment.
Layne's service offerings include both exploratory and definitional drilling for major gold, copper and other base metal producers. They conduct primarily above ground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods.
Layne started in 1882 as a water-well drilling company in South Dakota. Through various acquisitions, proprietary rights ownerships, and expansions, Layne now has over 40 offices and affiliates in the United States, Canada, Mexico, and South America. [1] During its growth, Layne has evolved from a water-well drilling company to global water management, construction and drilling company that provides services to the water, mineral and energy sectors.
In 2010, Layne Christensen assisted in the rescue of 33 miners trapped for 69 days as a result of the Chilean mining accident of 2010 in Chile. [16]
In 2012, it was announced that certain officers and directors at Layne Christensen Company were under investigation in connection with allegations that certain payments by the company to customs clearing agents in connection with importing equipment into the Democratic Republic of Congo potentially might have violated the U.S. Foreign Corrupt Practices Act. Layne voluntarily alerted the U.S. Securities and Exchange Commission and U.S. Department of Justice of the possible discrepancies. [17] Necessary disciplinary actions were taken toward involved parties.
On Thursday, August 30, 2012, the CEO of Layne Christensen Co., Rene Robichaud rang the opening bell at the Nasdaq Stock Market in honor of the company's 130 anniversary. [18]
On August 5, 2010, a cave-in traps 33 miners underground, and rescue efforts were deployed immediately. Through a joint effort, Layne and their Latin American affiliate, Geotec, the Chilean miners were rescued after 69 days underground.
Large escape boreholes were drilled simultaneously using different equipment provided by multiple international corporations with three different strategies.
The Layne and Geotech team applied experience from worldwide operations and well over 100 years of drilling experience; Minera Copper and Minera Escondido funded the project and also provided a team of geologists and engineers. On August 15, Geotech uses a Schramm Inc. 685W and two diamond rigs (CS 3001 and CS 4002) for the first drilling stage. Then on August 26, Geotech works to ensure that the 5+1⁄2-inch 6C pilot hole is drilling to reach the underground workshop. After five days of constant drilling, the third attempt succeeds. As drilling progresses, the T-130XD comes to a halt at 880 feet when the "nose" of the 12-inch hammer bit breaks. It's a setback when the metal piece blocks the well. At this time, Layne drillers flew from Afghanistan and helpers flew from the U.S. arrive. The entire team is now complete and works to clear the hole. Reaming the hole to 12 inches is completed at 2,040 feet, proving the theory of following the 5+1⁄2-inch hole to the mine workshop and then the hole is reamed to 28 inches to allow for the rescue pod, Phoenix capsules. On October 9, cheers go up as the Plan B drill rig reaches its target - the mine workshop, allowing the rescue to begin. Finally, on October 12, final preparations and test runs are carried out. Rescuers begin pulling miners to safety in the rescue pods. The whole world watched as the miners emerged to safety, culminating a multinational, multi-disciplined team effort involving coordination and cooperation between the teams.[ tone ]
Following the rescue operations, Layne and Geotech received official recognition from U.S. President Barack Obama at the White House. [20] [21]
Baker Hughes Company is an American energy company based in Houston, Texas. As one of the world's largest oil field services companies, it provides products and services for oil well drilling, formation evaluation, completion, production, reservoir consulting, and tubular running services. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns an economic stake in the company. The company is incorporated in Delaware.
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The company conducts operations in more than 500 locations across six continents, operating through three reporting segments: Rig Technologies, Wellbore Technologies, and Completion & Production Solutions.
A modern core drill is a drill specifically designed to remove a cylinder of material, much like a hole saw. The material left inside the drill bit is referred to as the core.
The Quecreek Mine rescue took place in Somerset County, Pennsylvania, when nine miners were trapped underground for over 77 hours, from July 24 to 28, 2002. All nine miners were rescued.
Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995, the New York Stock Exchange in 2007, and the London Stock Exchange in 2020. The company became a gold producer after its 2003 re-restructuring in which Peter Marrone took over as chief executive officer and it merged with Brazilian company Santa Elina Mines Corporation. The combined company was able to use Yamana's access to capital with Santa Elina development properties to bring the Chapada mine into production. From there the company combined with other TSX-listed companies RNC Gold, Desert Sun Mining, Viceroy Exploration, Northern Orion Resources, Meridian Gold, Osisko Mining and Extorre Gold Mines which each contributed either a producing mine or a development project that was able to come into commercial production. The company was acquired by Pan American Silver in March 2023.
Teledyne FLIR LLC, formerly FLIR Systems Inc,, a subsidiary of Teledyne Technologies, specializes in the design and production of thermal imaging cameras and sensors. Its main customers are governments and in 2020, approximately 31% of its revenues were from the federal government of the United States and its agencies.
PLX Technology was a manufacturer of integrated circuits focused on PCI Express and Ethernet technologies. On August 12, 2014, Broadcom Inc., acquired the company.
The Crandall Canyon Mine, formerly Genwal Mine, was an underground bituminous coal mine in northwestern Emery County, Utah.
Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.
FLSmidth & Co. A/S is a Danish multinational technology company based in Copenhagen, Denmark. With almost 11,000 employees worldwide, it provides the global mining and cement industries with equipment and services. For the mining industry, the company provides technology for copper, gold, nickel, zinc and lithium mining, and for the cement industry, it provides technology for cement production. FLSmidth is listed on NASDAQ OMX Nordic Copenhagen in the C25 index and has offices in more than 60 countries worldwide.
A down-the-hole drill, usually called DTH by most professionals, is basically a jackhammer screwed on the bottom of a drill string. The fast hammer action breaks hard rock into small cuttings and dust that are evacuated by a fluid. The DTH hammer is one of the fastest ways to drill hard rock. The system is thought to have been invented independently by Stenuick Frères in Belgium and Ingersoll Rand in the USA in the mid-1950s.
Boart Longyear is an international mineral exploration company founded in 1890 in the United States. It is headquartered in Salt Lake City, Utah, with regional offices and operations in the Asia-Pacific region, North and South America, Europe, and Africa. The company provides mineral exploration services and drilling products for the mining industry and also has a presence in drilling water exploration, environmental sampling, energy, and oil sands exploration. As of 2018, it employed more than 5,000 people.
Joy Global Inc. was a company that manufactured and serviced heavy equipment used in the extraction and haulage of coal and minerals in both underground and surface mining. The company had manufacturing facilities in Alabama, Pennsylvania, Texas, Wisconsin, Australia, Canada, China, France, South Africa, Poland and the United Kingdom. In 2017, Joy Global was acquired by Komatsu Limited and was renamed Komatsu Mining Corp.
The 2010 Copiapó mining accident, also known then as the "Chilean mining accident", began on 5 August 2010, with a cave-in at the San José copper–gold mine, located in the Atacama Desert 45 kilometers (28 mi) north of the regional capital of Copiapó, in northern Chile. Thirty-three men were trapped 700 meters (2,300 ft) underground and 5 kilometers (3 mi) from the mine's entrance, and were rescued after 69 days.
The 2010 Copiapó mining accident occurred when the San Jose Mine near to Copiapó, Chile, collapsed, leaving 33 miners of Chilean nationality and one Bolivian miner trapped inside about 700 metres below the surface. The men were trapped in the mine for 69 days before being rescued. The discovery of the miners and their eventual rescue received global attention, with over 2000 members of the media reporting from the San Jose Mine. Global leaders expressed good wishes for the rescue and congratulations upon its successful completion.
Schramm, Inc. is a privately held manufacturer of mobile, top-head hydraulic drilling rigs and related equipment for the global mining, energy, and water well industries. In October 2019, it was acquired by GenNx360 Capital Partners. It is headquartered in West Chester, Pennsylvania in the United States. Schramm affiliated sales, parts, and service centers are located in more than 16 countries across the globe, with its primary manufacturing facilities located in Pennsylvania and Western Australia.
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Denbury Inc. was a company engaged in hydrocarbon exploration and extraction via enhanced oil recovery, utilizing carbon dioxide to extract petroleum from fields that have been previously exploited. In November 2023 it was acquired by ExxonMobil.
Murray & Roberts Holdings Ltd. is a South African-based engineering and mining contractor. It is listed on the JSE Securities Exchange. The Group delivers its capabilities into three global primary market sectors the resources, industrial, energy, water and specialised infrastructure market sectors.
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry. In July 2017, this division was merged with Baker Hughes.