US Liquids Inc (USLQ)

[lifegear]

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Omni Wins $5 Million Contract, Expands Gulf Facilities Access

Thursday , August 21, 2008 17:10ET

Aug 21, 2008 (financialwire.net via COMTEX) -- August 21, 2008 (FinancialWire) Omni Energy Services Corp. (NASDAQ: OMNI) (Current Market Cap: US$83.27 Mil.) said it has been awarded a contract with a seismic data acquisition company to perform a major seismic drilling project in the north Louisiana Haynesville Shale area. According to Omni, the contract will generate around $5 million in revenue, and is scheduled to start during the first quarter of 2009.

The company also said that it has finalized an operating agreement with US Liquids of LA, L.P. for the use of expanded facilities in Fourchon, Louisiana. The facilities are located on the Gulf Coast with access to nearly half of the offshore drilling projects in the deepwater Gulf of Mexico.

According to Omni, USLL's facility will provide access to over 500 feet of dock space and will give Omni the capability to service larger deepwater vessels.

Carencro, Louisiana-based Omni Energy Services offers a range of integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico.

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Public Companies Associated with this story:
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