Stor­age Worth Its Salt

CBW En­gi­neer­ing is an oil ser­vices firm that is flour­ish­ing – build­ing salt cav­erns to store the flood of gas and liq­uids from North Amer­ica’s shale boom

Alberta Oil - - RETURN ON INVESTMENT -

KEEP­ING UP WITH CUS­TOMER DE­MAND IS NOT A ­PROB­LEM

that many en­ergy ser­vice com­pa­nies have the lux­ury of ­deal­ing with these days. But CBW En­gi­neer­ing is a no­table – and ­note­wor­thy – ex­cep­tion. That’s be­cause the Cal­gary firm ­spe­cial­izes in de­sign­ing and drilling salt cav­erns, which can be used to store ev­ery­thing from hy­dro­car­bons to waste prod­ucts. And while the vol­ume of work avail­able in the above-ground world has dwin­dled con­sid­er­ably, the salt cav­ern trade con­tin­ues to be a good one. Nat­u­ral gas pro­duc­tion and nat­u­ral gas liq­uids out­put are still ris­ing across North Amer­ica, and some mar­kets need greater liq­uid­ity at hubs and face pipe­line ca­pac­ity bot­tle­necks.

“I don’t think we’re in a boom,” says CEO Ken ­Kind­jer­ski. “It’s just that the in­dus­try is in a slump, and that’s the only business that’s go­ing. If it was busy, no­body would see us.” His business part­ner, Dustin Kinch, says the com­pany in­tends to press that ad­van­tage. “There are lots of peo­ple knock­ing on the door right now. They see the place that we’re for­tu­nate to be in right now, so our goal right now is to ramp up and im­prove the qual­ity of what we’re

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