ASRC acquires pipeline inspection firm

Arctic Slope Regional Corp. has acquired API, an independent oil field service company that tests and inspects pipelines on the North Slope and in Houston, Texas. ASRC President and CEO Rex Rock Sr. said the acquisition signals ASRC's continued commitment to the oil and gas industry. API founder Royce Roberts retired from his role as president and was replaced by Jim Hildebrandt, who was formerly API's vice president of operations.