|From left to right: County Commissioner Karen Keith; Mike Neal, CEO Tulsa Regional Chamber; Tulsa Mayor Dewey F. Bartlett; Ed Wiegele, SVP and Pipeline Services Sector Director, TRC; Chris Vincze, Chairman & CEO, TRC; Lannie McNeill, Senior Technical Advisor, TRC|
TRC Companies, Inc. and the Tulsa Regional Chamber hosted an open house and ribbon-cutting ceremony to welcome the Willbros Professional Services staff to the TRC family, and to introduce the newly expanded company to the greater Tulsa community.
TRC, a recognized leader in engineering, environmental consulting and construction-management services, acquired the professional services business segment of Willbros late last year. The new TRC business unit, "Pipeline Services," positions TRC as the leading provider of end-to-end solutions in both the power and oil & gas markets.
“We are truly excited to be in Tulsa. Willbros Professional Services and TRC is really a dynamic event for all of us despite some of the commodity issues in the market,” proclaimed Chris Vincze, chairman & CEO of TRC. “Being better together will really allow us to improve the confidence of our clients - together we are one of the more prominent serve providers in the oil and gas mix.”
TRC is a pioneer in groundbreaking scientific and engineering developments since the 1960s, serving a wide range of commercial, industrial and government clients. TRC formally acquired the professional services business segment of Willbros Group on December 1, 2015. This fourth operating segment in the TRC portfolio will deliver pipeline and facilities engineering, procurement and construction management; field services; and integrity services to the oil and gas market, as well as to government facilities.
When asked if the low oil price environment will affect the company’s strategy for success, Vincze replied, “Our position in the market place is primarily in the midstream and natural gas space. We are somewhat insulated from crisis going on with the low price of crude, however, many companies playing in both areas are going to withhold some level of capital.
“One of the things that really helps us by being better together is that our company provides environmental services, other types of engineering services in addition to the oil and gas engineering expertise that Willbros brings to the table, so it really provides an end to end solution that most companies in this space can’t offer.
“When times are tough, it’s much more effective to be able to provide that kind of full solution to companies both strategically and from a hard engineering prospective so we are fairly comfortable that we will weather the storm just fine based on the skill set of the company and we can provide it throughout the total us with 4300 people strong. “
We asked Vincze for more insight, and this is what he had to say:
TRC on Diversification
“We feel very secure that our diversification strategy in addition to our strategic investments will allow us to be in a very good position as the market rebounds.”
“Now we have a long term transportation bill signed and many states have decided to double down on their infrastructure it really does support the market fluctuation. So as oil and gas suffers, infrastructure is going to move up. The good news is that environmental covers all these areas.”
TRC seems to have its plans well in order and its strategy well diversified, and Vincze agrees, stating that TRC will remain steadfast and ready to move with the market fluctuations and according to client needs.
TRC on Global Business
“We will continue to provide global services as clients bring us there. We are not domicile internationally with the exception of a London office, but we will continue to pursue that strategy in making sure that we are fully optimized here in the U.S., and then we will travel with our clients as requested.”
TRC on the Release of the Export Ban
“Certainly from my perspective our energy policy has been hugely flawed which has led to problems. So the release of the export ban should support our industry. Our allies want to buy oil from countries they want to work with, and I think that will help the us. It will help this market place stabilize a little more. But we are still at such a beginning stage that it’s hard to predict exactly the impact.”
“We think long term as we export more oil and natural gas it will definitely approve the economy of this country and certainly support businesses like ours.”
TRC on KXL
“With this administration it’s dead. That is subject to change in November. It’s a very viable project. Good for us. Good for markets like ours. Good for our partner in Canada. It’s hard to understand why we haven’t done it, and I think there is a good chance that there is still room for that to happen in the next year or two.”