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Press Releases

Layne Christensen announces $19 million geoconstruction contract

THE WOODLANDS, Texas, Sept. 18, 2013 (GLOBE NEWSWIRE) — Layne Christensen Company (Nasdaq:LAYN) ("Layne") today announced that its Geoconstruction Division received a contract to provide specialized foundation work in connection with the construction of Transbay Tower in San Francisco. 

The contract has an estimated value to Layne of approximately $19 million. Work on the project is expected to commence in October 2013 and last approximately 6 months.

[Editor] Read on for more info about the foundations for this new 61 story high-rise in downtown San Francisco. [/Editor] 

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Press Releases

Layne Christensen Company Acquires Bencor Corporation of America

MISSION WOODS, Kan., Nov. 17, 2010 (GLOBE NEWSWIRE) — Layne Christensen Company ("Layne") (Nasdaq:LAYN) today announced the acquisition of Bencor Corporation of America – Foundation Specialist ("Bencor"). Founded in 1969, Bencor is one of North America’s leading contractors in foundation and underground engineering. Bencor specializes in deep foundations for dams, levees, shafts and below ground structures and also excels in the design and building of earth support retention systems for basement excavation for high-rise structures, subway lines and stations and depressed highways. Bencor has performed work in the United States, Canada, South America, Europe and North Africa and has over 100 permanent employees headquartered in Dallas, Texas. The purchase price for the stock of Bencor was $32.1 million. Management projects first year revenues and earnings per share of approximately $50 million and $0.20-$0.25 per share, respectively, after purchase accounting adjustments.

[Editor] Click through for the rest of the press release. [/Editor] […]


Drilling Rock Star, Jeff Hart
Project Related

The Drillers, Rigs, Rock and Hart of the Chile Mine Rescue

Drilling Rock Star, Jeff Hart As 33 trapped miners waited more than 2,000-ft underground for their rescue, a whole team of Chilean government officials, mining engineers, equipment manufacturers and of course drillers came together get the job done.  Jeff Hart, a driller from Denver, Colorado was one of the stars of the day.  Hart was in Afghanistan drilling deep water wells when he got the call and hopped on a plane.  He works for Kansas-based Layne Christensen, and along with 3 other Layne employees, he manned the Schramm T130 drill rig that was part of “Plan B” that eventually became the shaft from which the trapped miners were rescued.

matt_sttafell_jorge_herreraOn the drilling platform overseeing the drilling was James Stefanic of Layne, and crew members Matt Staffel, Doug Reeves and Jorge Herrera.  The rig and I presume some of the support equipment was owned by Layne’s Latin America affiliate, Geotec Boyles Bros, SA.  The drill bits were from Center Rock, Inc. of Berlin, Pennsylvania.  The Center Rock CEO, Brandon Fisher, was on site throughout the operation as well.

Read on for more info, photos, video and links on the drilling, drillers and geology of the Chile Mine rescue.

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Press Releases

Layne Christensen Drillers Reach Trapped Miners in Chile

MISSION WOODS, Kan., Oct. 10, 2010 (GLOBE NEWSWIRE) — “Plan B” worked. Winning the three-way race to reach the 33 miners trapped in Chile since Aug. 5, drillers from Kansas City-based Layne Christensen Co. broke through at 8 a.m. Saturday.

[Editor] Click through for the rest of the press release. [/Editor] […]

Press Releases

Layne Christensen Files Registration Statement for Proposed Offering of Common Stock

MISSION WOODS, Kan., Sep 20, 2007 (PrimeNewswire via COMTEX News Network) — Layne Christensen Company (Nasdaq:LAYN) today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed underwritten public offering of shares of its common stock with a proposed maximum aggregate offering amount of $172.5 million (including shares that may be issued at the underwriters’ option to cover over-allotments, if any). Layne intends to use the net proceeds from the proposed offering to reduce the outstanding balance on its credit facility and for general corporate purposes, as well as funding for possible acquisitions.

[Editor] Layne Christensen is the parent company of Layne GeoConstruction – a specialty foundation construction company offering services such as jet grouting, drilled micropiles, vibratory ground improvement, and construction drilling, grouting and anchor technologies. They are also the parent company of COLOG Borehole Geophysics, which does nondestructive testing, borehole geophysics and downhole camera logging of boreholes. Click through for the rest of the press release. [/Editor]

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