Gillette-based High Plains Gas Inc., has formed a new wholly-owned field services and oil and gas construction subsidiary intended to expand the company’s development capabilities, create cost savings and provide a new revenue stream.
Posted by Staff
The company said it will engage High Plains Gas Services on its gas projects related to its Marathon assets as well as bid on other oil and gas infrastructure and midstream projects and field and maintenance services. In addition, High Plans Gas Services intends to pursue master services agreements with energy industry companies that operate in the Powder River Basin and general Western Great Plains Region.
Current High Plains Gas COO, Mark Hettinger, will be the CEO of the newly formed subsidiary.
“The formation of High Plains Gas Services enables us to leverage our significant experience in oil and gas development and translate that into broader revenue streams,” said Hettinger.
“In addition, bringing these services in-house will enable High Plains Gas to cut costs otherwise used on outsourcing construction, including development projects and maintenance. Also, my 30 years of experience in the construction industry and my established connections in the Powder River Basin will enable us to accelerate our time to market.,” he added.