PowerSecure to build transmission lines to support new oil and gas sites

Wake Forest, N.C., March 5, 2012 — PowerSecure International, Inc. won a new contract to build electrical transmission infrastructure to support a series of new oil and gas production sites.

The boom in oil and gas drilling and production activity, driven by new low-cost technologies, is driving an immediate need for new electrical transmission infrastructure in remote areas to support these operations.

PowerSecure's work under this new contract will be performed on behalf of a major energy company, in partnership with an electric utility. The award is for several million dollars of electrical transmission design and construction, the majority of which is slated for completion in mid-2012.

The company will include the revenue associated with this new award in its revenue backlog published in conjunction with its fourth quarter 2011 earnings release on March 8, 2012.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs