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Layne Christensen Company

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Layne Christensen Company
Company typePublic (NASDAQ: LAYN)
IndustryDrilling
PredecessorLayne, Inc. (established 1882)
Founded1998
FounderMahlon E. Layne
Headquarters
Mission Woods, Kansas
,
USA
Area served
Worldwide
ProductsWater Treatment Equipment, Filter Media
ServicesHydroGeologic Services, Drilling, Well and Pump Maintenance, Heavy Civil Construction, Water Treatment, Pipeline Installation, Sewer Rehabilitation, Mineral Exploration, Unconventional Natural Gas Production, Soil Stabilization and Dewatering.
Number of employees
4,500
DivisionsWater Resources, Mineral Exploration, Geoconstruction services and Energy services
Subsidiaries50 Offices worldwide
Website[1]

Layne Christensen Company is a U.S.-based global water management, construction and drilling company, providing responsible solutions for water, mineral and energy resources. The company has six divisions, which are GEO (Bencor, Costa Fortuna, Tecniwell), Water Resources, Energy Services, Mineral Exploration, Heavy Civil and Inliner.

Water Management

Layne provides total water management solutions for government agencies, commercial water suppliers, industrial facilities, and energy companies. Their teams are responsible for effectively managing water in every phase of its lifecycle – supply, treatment, delivery and maintenance.[citation needed] Throughout each phase, Layne works to ensure compliance with complex state and federal regulations, and to meet increasingly high standards for quality, reliability and efficiency.[citation needed]

Construction

Layne has extensive heavy civil expertise[citation needed] and a reputation for safety[citation needed], they design and construct comprehensive, end-to-end water management systems, as well as individual intakes, reservoirs, pump stations, pipelines and plants tailored to their clients' needs. The geotechnical capabilities of Layne allows them to improve soil conditions and support subterranean structures in underground construction projects where effective water management is critical, such as dams and levees, tunnels, water lines, subways, highways and marine facilities.

Drilling

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. Also, Layne is able to drill deep injection wells to facilitate the disposal of treated wastewater.[citation needed]

Divisions

GEO

GEO provides sustainable specialized geotechnical foundation construction services to the heavy civil, industrial, commercial and private construction markets around the globe.

This includes:

  • Bencor
Bencor Corporation of America has specialized in designing and constructing deep foundation systems for dams, levees, shafts and below ground structures since 1969.
  • Costa Fortuna
Costa Fortuna Fundações e Construções Ltda operates primarily in the South American specialty foundation and excavation support wall construction markets.
  • Tecniwell
Tecniwell S.r.l. is based in Piacenza, Italy and specializes in the development, fabrication and manufacturing of technologically advanced, state-of-the-art equipment for the international ground stabilization industry, particularly the Jet-Grouting field.

Water Resources

Water Resources provides sustainable solutions for every aspect of water supply system development and technology applications for heavy civil construction, hydrology, water treatment systems and services, as well as pipelines and transmission mains.

Mineral Exploration

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.

Energy Services

Energy Services offers water solutions to the Oil & Gas industry concerning sourcing, transfer services, treatment and vibration technology.

Heavy Civil

Heavy Civil delivers sustainable solutions to government agencies and industrial clients by overseeing the design and construction of critical water and wastewater treatment facilities and pipeline installation.

Inliner

Layne Inliner, 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 Inliner technology in 1991 and since that time have acquired the technology company, Inliner Technologies, LLC, and the liner manufacturer, Liner Products, LLC.

Markets

Water

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. They work to procure a responsible solution for any water challenge.[citation needed] Layne's teams effectively manage water in every phase of its lifecycle.[citation needed]

Mineral

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.

Energy

Layne works to create solutions that include sourcing, delivery, storage, treatment, recycling and disposal in Upstream Oil and Gas operations. Making safe, environmentally sound and socially responsible decisions that are on time, and on budget with execution along the complete lifecycle of water is one of Layne's priorities.[dubious – discuss]

History

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 100 offices and affiliates in the United States, Canada, Mexico, South America, Europe, Africa, and Australia.[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. Also, the company now has six divisions, which are GEO (Bencor, Costa Fortuna, Tecniwell), Water Resources, Energy Services, Mineral Exploration, Heavy Civil and Inliner.

Acquisitions

  • Reynolds, Inc. on 28 September 2005[2]
  • Collector Wells International, Inc. on 13 July 2006[3]
  • American Water's Underground Infrastructure Group on 27 November 2006[4]
  • Water and Wastewater Treatment Technologies with SolmeteX on 6 December 2007[5]
  • Tierdael Construction Company on 17 January 2008[6]
  • Wittman Hydro Planning Associates on 16 May 2008[7]
  • Meadors Construction Company on 18 November 2008[8]
  • W.L. Hailey & Company, Inc on 3 November 2009[9]
  • Intevras Technologies, LLC on 29 July 2010[10]
  • Diberil Sociedad Anonima (50% interest), parent company to Costa Fortuna on 25 August 2010[11]
  • Bencor Corporation of America on 17 November 2010[12]
  • Wildcat Civil Services 28 February 2011[13]
  • Costa Fortuna Fundacoes e Construcoes Ltda (acquired the remaining 50% interest) on 19 June 2012[14]

In the news

In 2010, Layne Christensen assisted in the rescue of 33 miners trapped for 69 days as a result of the Copiapó mining accident in Chile.[15]

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.[16] 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.[17]

Chilean miner rescue

See also: 2010 Copiapó mining accident

On August 5, 2010, a cave in traps 33 miners underground, and rescue efforts were deployed immediately. Through a joint effort, Layne and their Latine 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.

  1. Plan A, the Strata 950 (702 meter target depth at 90°),
  2. Plan B, the Schramm T130XD (638 meter target depth at 82°),
  3. Plan C, a RIG-421 drill (597 meter target depth at 85°).[18]

The Layne and Geotec team applied experience from worldwide operations and well over 100 years of drilling experience; Minera Collahuasi and Minera Escondida funded the project and also provided a team of geologists and engineers. On August 15, Geotec uses a Schramm Inc. 685W and two diamond rigs (CS 3001 and CS 4002) for the first drilling stage. Then on August 26, Geotec 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 flown from Afghanistan and helpers flown 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, ''Fénix'' 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 ''Fénix'' capsules.The whole world watched as the miners emerged to safety, culminating a multinational, multi-disciplined team effort involving coordination and cooperation between the teams.

Following the rescue operations Layne and Geotec received official recognition from U.S. President Barack Obama at the White House.[19][20]

References

  1. ^ "OFFICES". LAYNE. Retrieved 12 October 2012.
  2. ^ "Layne Christensen Announces Completion of Reynolds, Inc. Acquisition". BUSINESS WIRE. Retrieved 12 October 2012.
  3. ^ "Layne Christensen Announces Acquisition of Collector Wells International, Inc". BUSINESS WIRE. Retrieved 12 October 2012.
  4. ^ "Layne Christensen Announces Acquisition of American Water's Underground Infrastructure Group". BUSINESS WIRE. Retrieved 12 October 2012.
  5. ^ "Layne Christensen Company Acquires Water and Wastewater Treatment Technologies With SolmeteX". PrimeNewswire via COMTEX News Network. Retrieved 12 October 2012.
  6. ^ "Layne Christensen Company Acquires Tierdael Construction Company". PRIME NEWSWIRE. Retrieved 12 October 2012.
  7. ^ "Layne Christensen Company Announces Acquisition of Wittman Hydro Planning Associates". PRIME NEWSWIRE. Retrieved 12 October 2012.
  8. ^ "Layne Christensen Company Announces Acquisition of Meadors Construction Company". GlobeNewswire via COMTEX News Network. Retrieved 12 October 2012.
  9. ^ "Layne Christensen Company Announces Acquisition of W.L. Hailey & Company, Inc". GlobeNewswire, Inc. Retrieved 12 October 2012.
  10. ^ "Layne Christensen Company Acquires Intevras Technologies, LLC". GlobeNewswire, Inc. Retrieved 12 October 2012.
  11. ^ "Layne Christensen Company Acquires Interest in South American Geotechnical Companies". GlobeNewswire, Inc. Retrieved 12 October 2012.
  12. ^ "Layne Christensen Company Acquires Bencor Corporation of America". Global NewsWire, Inc. Retrieved 12 October 2012.
  13. ^ "Layne Christensen Company Acquires Wildcat Civil Services". Global NewsWire, Inc. Retrieved 12 October 2012.
  14. ^ "Layne Christensen Acquires Remaining Interest in Costa Fortuna". Global NewsWire, Inc. Retrieved 12 October 2012.
  15. ^ "Pa. drill firm basking in glow of Chilean rescue". MSNBC. Retrieved 2010-10-13.
  16. ^ "Layne Christensen puts three employees on leave during corruption investigation". Kansas City Business Journal. 13 June 2011. Retrieved 12 October 2012.
  17. ^ "Layne Christensen CEO will ring Nasdaq opening bell". Kansas City Business Journal. 29 August 2012. Retrieved 12 October 2012.
  18. ^ Page 5, San José Mine Rescue Operation presentation, Ministry of Mining, Republic of Chile.
  19. ^ "Chilean Miners Rescue - October 2010". LAYNE. Retrieved 12 October 2012.
  20. ^ "Layne Christensen Drillers Reach Trapped Miners in Chile". GLOBE NEWSWIRE. Retrieved 12 October 2012.
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