Cruz Energy Services
The winter has not slowed operations in North Dakota’s Bakken oil field. Cruz Energy Services, a CIRI subsidiary, reported a brisk pace of business for the first quarter of 2013. In March, the Cruz operations team set a new company record for the number of rig moves in a month. The team moved 18 drill rigs, surpassing the previous record set in December 2012.
While business in the Bakken remains active, Cruz reports the explosive growth has slowed and the market is “leveling.” Cruz remains focused on providing excellence in service and safety. There were no lost time accidents in the quarter and Cruz added Continental Resources, ConocoPhillips, Statoil and Whiting Petroleum to its long-term client base. Meanwhile, three of Cruz’s main competitors went out of business in the Bakken.
Cruz Marine
CIRI subsidiary Cruz Marine also reported a healthy amount of activity to start off 2013. The tug and barge company continued its service to assist Apache Corporation in Cook Inlet, ferrying supplies to a drilling operation near Tyonek. The Cruz barge Innoko also is contracted to assist in the Apache work. Meanwhile, the tug Millie Cruz serviced a towing operation for Cook Inlet Marine, hauled equipment to the Southeast Alaska ports of Sitka and Juneau. The Millie Cruz was involved in the operation for most of the month of April. The Millie Cruz also has a busy summer season ahead with a run to Port Heiden and Bethel before heading to the North Slope in July working for Foss Marine on ExxonMobil’s Point Thomson project.
