Edgen Group Inc., a Baton Rouge-based global energy services company with $1.7 billion in sales last year, has been added to the Russell 2000 Index and Russell Global Index.
Edgen Group is comprised of two commercial units. Edgen Murray distributes high performance steel products for oil and gas, infrastructure and mining applications including offshore rig construction, natural gas transmission and refining and petrochemical applications in all major global energy markets. Bourland & Leverich supplies specialized oil country tubular goods, or the pipe and tube products used in the petroleum industry, to conventional and unconventional onshore drillers in the United States.
In a news release, Edgen Chairman, President and Chief Executive Officer Dan O’Leary said the company believes focusing on specialized products offers value to current and potential shareholders.
“We are very pleased to be included in the Russell 2000 and Russell Global Indexes which reflect our continued positive momentum as a new public company,” O’Leary said. “We look forward to introducing our company to a broader investment audience through this channel.”