Archive

Posts Tagged ‘Oil and Gas’

Modular Builder Declares Dividend

August 16th, 2013 Comments off

Canada’s Black Diamond Group Limited has declared a dividend of $0.07 cents a common share payable Sept. 16, 2013 to shareholders of record as of Aug. 30, 2013. Through its subsidiaries the company rents and sells modular workforce housing and buildings to projects in remote areas, and provides supportive services for those locations. It feeds into a number of industries including oil and gas, mining, power, construction, engineering, military, government and education As MHProNews has learned from marketwire, based in Calgary, Alberta, Black Diamond has 17 facilities across the U. S., Canada and Australia.

(Photo credit:globalregina/modular man camp)

Red Sea Housing Expanding Production

August 5th, 2013 Comments off

As a result of increased oil and gas and mining projects in Saudi Arabia and the consequent need for modular workforce housing, Red Sea Housing Services Company plans to build a fourth manufacturing facility, this one in the Kingdom. The $22.65 million plant, located in King Abdullah Economic City (KEAC), will be nearly 600,000 square feet, and will increase the company’s output by 35 percent. The plant is expected to be functioning in the second quarter of 2012, as tradearabia.com informs MHProNews. Red Sea currently has modular housing factories in Jubail, Saudi Arabia, Jebel Ali in Dubai and Accra, Ghana.

(Photo credit: Red Sea Housing)

Sales High in Ohio

June 10th, 2013 Comments off

Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales bottomed out at 596 homes, down from a high of 8,017 in 1998. Census data reveal four percent of the housing in Ohio is manufactured homes. Williams says a lot of the new sales are being reported in the Utica Shale area in eastern Ohio where energy companies are drilling for oil and gas, as we reported here July 11, 2012.

(Image credit: Liberty Homes)

Modular Housing Set for Kansas

February 20th, 2013 Comments off

KWCH-TV 12 reports from Anthony, Kan., housing is in such short supply due to the demand for housing from oil field workers tapping into the Mississippi Limestone formation, the Anthony City Commissioners have approved a special use permit to allow six modular units to be sited in the southeast corner of town. The ruling has upset nearby residents who complain the army barracks-style housing will negatively affect their neighborhood. The Register of Deeds in Kingman County in this south central part of the state near the Oklahoma border reports in years past there were about 2,000 requests for property ownership printed each year. Last year that number climbed to 85,000 requests for copies of deeds, as oil and gas companies search for owners of mineral rights. MHProNews has learned the two hotels in town have been booked so solid the last two years that a third hotel has been added and a fourth is being planned.

(Photo credit: Eric Hylden/prairiebizmag–Homark Homes building modular man camp.)

Temporary Mfg. Housing to be Okay in OK?

January 28th, 2013 Comments off

According to enidnews, the Metropolitan Area Planning Commission (MAPC) in Enid, Okla. will consider amending the city municipal code to allow temporary workforce dormitories be sited on land now zoned industrial to meet housing needs for oil and gas field workers. Although no developers have requested the change, the city has received several inquiries about the possibility of building temporary manufactured housing. MHProNews has been informed the proposed amendment in this north central Okla. city requires any temporary dwelling facility to file a drainage report for storm water.

(Photo credit: Door County, Wis.)

Black Diamond Completes Shopping in Australia

January 18th, 2013 Comments off

MarketWatch reports that Calgary, Alberta Canada-based Black Diamond Group Limited has completed the acquisition of 90 percent of the modular rental business and 20 percent of the modular building manufacturing business of Australian Portable Buildings Pty. Ltd. MHProNews has learned Black Diamond is a remote lodging, modular building, and energy services company. Far flung, it’s series of subsidiaries provide a number of services for education, government, industry, construction and engineering, and the oil and gas industries in the USA and Canada. The acquisition became effective Jan. 1, 2013.

(Photo credit: arabianbusiness)

T.J.T. Reports Q3 2012 Loss

August 15th, 2012 Comments off

Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the same period 2012, accounted for by a drop in sales of tires and axles by 52%, and a decrease in sales of accessories of 21% due to “competitive impacts.” Despite savings incurred as the result of closing facilities in Colorado and Washington, the net loss for 2012 was impacted by administrative and start-up costs associated with the distribution of parts and services for its North Dakota RV operations in the first quarter of fiscal year 2012, and its Field Service Division in Q3 2012 to provide mobile shower and laundry services to the oil and gas industry, also in ND. The company supplies axles, tires, and set-up supplies to the manufactured housing industry, and aftermarket supplies to the MH, RV, and residential markets.

(Photo credit: Riley Transport)

UFPI Releases Financials for Second Quarter

August 10th, 2012 Comments off

Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased from 1.4% for Q2 2011 to 5.0% for the quarter ending 6-30-2012; net earnings were 3.0% for Q2 2012 as compared to 0.8% for the same period in 2011. In the manufactured housing market, gross sales were up 25% in the second quarter of 2012 over the same period of 2011, due to increased demand for HUD-Code manufactured housing, as well as demand for temporary housing related to oil and gas exploration in certain parts of the country. In their filing, the company notes its strongest sales increases were in the MH and industrial markets. MHProNews knows UFPI provides structural lumber and wood alternative products to the manufactured housing industry.

(Photo credit: Tim Saville/General Truss)

Ohio Preparing for Influx of Workers

July 11th, 2012 1 comment

As energy workers are lured to eastern Ohio to take advantage of the jobs becoming available in the oil and gas fields of the Utica Shale formation, RVBusiness says the Ohio Environmental Protection Agency and the Ohio Department of Health have issued a 12-page set of regulations governing water. The guidelines refer to waste water from showers, toilets, sinks and laundry facilities as they apply to temporary housing, including RVs, modular man camps, and manufactured housing. MHProNews.com has learned these are not new regulations, merely developed “as a tool for drilling companies, entrepreneurs, or other interested parties looking at providing temporary housing facilities for oil-gas field workers.”

(Photo credit: Simcoe/Canada)

HUD/MOD Plant Closes Abruptly

May 28th, 2012 Comments off

WSBT-TV in South Bend reports employees of the Stone Creek Homes plant in Marshall County, IN say they were laid off this week without notice and did not get their final check. They were allegedly told to take their personal belongings, the layoffs were indefinite, and they would be called if work resumes. Attempts to contact company officers by employees and WSBT-TV were not successful, although one supervisor said the owner is nowhere to be found and there is no money to pay employees. MHProNews.com has learned the company, located just south of South Bend, began operations about a year ago with the intent to provide workforce housing for oil and gas workers. We are told the plant employed 40 people.

(Image credit: Stone Creek Homes)