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ENGlobal Corp. (ENG) – Extending Its Reach

ENGlobal provides energy-related engineering and automation services throughout the United States and worldwide. The corporation operates through two business segments – Automation and Engineering – as follows:

– The automation division provides design-, fabrication- and implementation-related services for cutting-edge automation, control, instrumentation and process analytical systems.

– The engineering division provides consulting services for the development, management and execution of projects calling for expert engineering, construction management and associated services. Within this division, ENGlobal also houses its government services group which provides for the management of various government, public sector and international facilities and systems.

Early in March 2015, ENGlobal confirmed the extension of its professional services agreement with Xcel Energy by another five years. Now that this agreement is in place, ENGlobal is expected to continue its ongoing work in all of Xcel Energy’s operating regions, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Xcel Energy is a major electric and natural gas company. The Minnesota-based company, whose annual revenues are in the $10.9 billion ballpark, delivers a broad portfolio of energy-related products and services to approximately 3.5 million electricity customers and 1.9 million natural gas customers via four operating companies.

ENGlobal and Xcel Energy have an established history of effective collaboration. The two companies have previously united to manage and execute several major capital programs, including the work done on a 60-mile West Main segment pipeline replacement and a 34-mile Cherokee Clean Air – Clean Jobs Act pipeline. They have also collaborated on smaller capital and maintenance jobs like those performed on Xcel Energy’s local gas transmission and distribution network.

ENGlobal anticipates using its Broomfield, Colorado office primarily to support future work on Xcel Energy’s natural gas pipeline and facility projects. The Colorado office is properly staffed with a growing team of project execution professionals who are dedicated to the midstream and downstream energy sectors.

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