Primoris Services Corporation several weeks ago formally announced new pipeline awards with a combined value over $260 million.
According to a release, the contracts were secured by Rockford and Primoris Field Services, both part of the Pipeline and Underground segment.
All work is scheduled to commence in the first quarter of 2020 and to be completed in the third quarter of 2020.
Tom McCormick President and Chief Executive Officer said in their Q4 earnings call last week that "The market for pipeline field services continue to grow with our revenue increasing over 50% in 2019 and bidding for 2020 looks very strong."
He went on to say that "We're expanding our field services, working with our customers to extend the life of existing pipelines and pipeline facilities."