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2015 News Releases

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July 20, 2015
Willbros Announces Increased Canada Backlog
3-year Preferred Supplier Agreement for Pipeline Integrity Services New contract for tailings line construction spans 2015 and 2016 Aggregate value anticipated to be C$120-150 million HOUSTON, July 20, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that its Canada business segment has won new contracts expected to generate C$120 to C$150 million over the next three years. The Company has won a three-year Preferred Supplier Agreement for pipeline integrity work wi... 
June 15, 2015
Willbros Announces Initial Transaction of Recently Disclosed Plan to Sell Professional Services Segment
- Downstream Engineering and Heater Engineering Services sold to Bernhard Capital Partners HOUSTON, June 15, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that it has completed the initial transaction of its recently disclosed intention to sell its Professional Services segment. On June 12 Willbros closed the sale of its Downstream Engineering services, based in Baton Rouge, Louisiana, and its Heater Engineering Services, based in Tulsa, Oklahoma, to a group led by Be... 
June 09, 2015
Willbros Announces Planned Sale of Professional Services Segment
HOUSTON, June 9, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that, upon the recommendation of management, its Board of Directors has authorized management to pursue the sale of the Professional Services segment to bolster the Company's balance sheet and enhance the long-term success of its core infrastructure construction services. Management and the Board believe this transaction will create improved long-term value for Willbros customers and shareholders. Willbros will... 
June 09, 2015
Willbros Elects Michael C. Lebens and Phil D. Wedemeyer to Board
HOUSTON, June 9, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced that at its 2015 Annual Meeting of Stockholders, held today, stockholders, with a majority of votes cast, re-elected Michael C. Lebens and Phil D. Wedemeyer as Class I directors to its Board. Willbros also announced that stockholders approved Proposal Two authorizing an increase in the number of authorized shares of the Company's common stock from 70,000,000 shares to 105,000,000 shares. Proposal Three, the Adviso... 
June 04, 2015
Willbros Announces New President of Chapman Construction
HOUSTON, June 4, 2015  /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) is pleased to announce that Stanley Tedder has been promoted to President of Chapman Construction effective June 1, 2015. Mr. Tedder comes to Chapman with 40 years of experience in the T&D construction and maintenance business. He has held numerous positions during his career including President and CEO and Owner of 3 Phase Construction, headquartered in New Hampshire for 17 years. His knowledge of the business and the ab... 
June 03, 2015
Willbros Awarded Ethane Export Pipeline Construction
HOUSTON, June 3, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that HSC Pipeline Partnership, LLC (a subsidiary of Enterprise Products Partners L.P.) has awarded it a contract to construct a 15.5 mile 24-inch ethane pipeline from Enterprise's storage facility near Mont Belvieu in Chambers County, Texas to Enterprise's Morgan's Point facility on Galveston Bay near the intersection of Texas FM 225 and Hwy 146 in Harris County, Texas. The Ethane Export 24" Pipeline will be co... 
June 02, 2015
Willbros Awarded Additional Projects in Canada
- Aggregate value of C$55.0 million - Small capital construction - Barge move - CCO spools - Hydrotransport piping - New tankage at mine site in Wood Buffalo Region HOUSTON, June 2, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that it has received multiple new contract awards in Canada, with an aggregate contract value of approximately $C55.0 million. The Canada fabrication operation has been awarded a contract for Chromium Carbide Overlay of spools fo... 
May 05, 2015
Willbros Reports First Quarter 2015 Results
- Total Liquidity at March 31, 2015 is $100.1 million - Operating income of $35.2 million, including gain on asset sales of $58.5 million - Weather and market conditions slowed operations in first quarter - Company expects additional cost savings from focus on core services - Company to host conference call at 8:00 AM Central Time, May 6, 2015 HOUSTON, May 5, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today results for the first quarter 2015. The Company repo... 
May 04, 2015
Willbros Announces First Quarter 2015 Earnings Release and Conference Call Schedule
HOUSTON, May 4, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announces plans to release its first quarter 2015 results on Tuesday, May 5, 2015 after the close of market. In conjunction with the release, Willbros has scheduled a conference call, which will be broadcast live over the Internet on Wednesday, May 6th at 9:00 am Eastern Time (8:00 am Central Time). What: Willbros First Quarter Earnings Conference Call When: Wednesday, May 6, 2015 - 9:00 a.m. Eastern Time How: Live vi... 
April 20, 2015
Willbros Elects Phil D. Wedemeyer to Board of Directors
HOUSTON, April 20, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that its Board of Directors elected Phil D. Wedemeyer to the Willbros Board on April 17, 2015. Mr. Wedemeyer retired as a partner from Grant Thornton LLP, an international accounting firm and also served in various capacities with the Public Company Accounting Oversight Board ("PCAOB"), including serving as Director, Office of Research and Analysis and as a Deputy Director, Division of Registration and Inspec... 
April 01, 2015
/C O R R E C T I O N -- Willbros Group, Inc./
In the news release, Willbros Reports Fourth Quarter and Full Year 2014 Results from Continuing Operations, issued 31-Mar-2015 by Willbros Group, Inc. over PR Newswire, we are advised by the company that the mentions of "from continuing operations" have been removed from the first paragraph, as originally issued inadvertently. The complete, corrected release follows: Willbros Reports Fourth Quarter and Full Year 2014 Results from Continuing Operations -- Company obtains covenant relief fro... 
March 31, 2015
Willbros Announces Fourth Quarter and Full Year 2014 Earnings Release and Conference Call Schedule
HOUSTON, March 31, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announces plans to release its fourth quarter 2014 results on Tuesday, March 31, 2015 after the close of market. In conjunction with the release, Willbros has scheduled a conference call, which will be broadcast live over the Internet on Wednesday, April 1st at 9:00 am Eastern Time (8:00 am Central Time). What:       Willbros Fourth Quarter Earnings Conference Call When... 
March 19, 2015
Willbros Closes Sale of UtilX to Novinium
HOUSTON, March 19, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that it has closed the transaction for the sale of all outstanding stock of its UtilX subsidiary to Novinium, Inc., Auburn, Washington. Willbros will apply net proceeds from the sale to debt reduction, expected to be in the range of $35 to $40 million, after customary closing costs and adjustments. "This acquisition will improve industry competition by providing a strong alternative to the capital intensiv... 
March 17, 2015
Willbros Filing Form 12b-25 with Securities and Exchange Commission
HOUSTON, March 17, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that it is filing a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission (SEC) with regard to its Annual Report on Form 10-K for the year ended December 31, 2014. The Company has determined that it is unable to file its Form 10-K for the year ended December 31, 2014 within the prescribed time period without unreasonable effort or expense for the following reasons. The C... 
January 12, 2015
Willbros Names President of Oil & Gas Segment
- Harry New rejoins Willbros HOUSTON, Jan. 12, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that Harry New has rejoined the company as President of its Oil & Gas segment, where he will have operating responsibility for the Company's portfolio of oil and gas construction services in the United States. Mr. New will report operationally to Michael Fournier, President and Chief Operating Officer. Mr. New was previously with Willbros in the 2005-2011 timeframe when he... 
January 06, 2015
Willbros Completes Payoff of the WAPCO Settlement Agreement
HOUSTON, Jan. 6, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced that it made a payment of $32.75 million to West African Gas Pipeline Company Limited ("WAPCO") on December 30, 2014. The Company has now paid in full all sums due under the March 29, 2012 Settlement Agreement with WAPCO.  John T. McNabb, II, Chairman and CEO, commented: "With this matter fully behind us, we now have the flexibility in our credit facility to address the multiple opportunities in energy infrastr... 

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Willbros Group, Inc. is a global contractor specializing in energy infrastructure serving the oil, gas and power industries. Our offerings include engineering, procurement and construction (individually or as integrated “EPC” services), refinery turnarounds, pipeline construction, pipeline integrity management, GIS consulting and other specialty services to industry and government entities worldwide. We are listed on the New York Stock Exchange under the symbol WG.