THE WOODLANDS, Texas–(BUSINESS WIRE)–Team Oil Tools, Inc. (“Team”) is consolidating its Bakersfield, California, manufacturing operations with existing facilities in Conroe, Texas.
The change involves manufacturing for Team’s Chancellor Oil Tool (“Chancellor”) product line.
“This consolidation improves efficiency and streamlines our manufacturing process, while still enabling us to provide a complete product line of Liner Hangers,” said Adam Anderson, Team’s chief executive officer. “The change comes as we prepare to launch a new line of High Performance Liner Hangers to complement our existing product line.”
The Chancellor product line is a suite of fit for purpose downhole tools, including liner hangers, liner packers, cement heads, running tools and casing accessories. Team Oil Tools will continue to provide the full suite of Chancellor products with this transition.
The company recently completed a successful field test of its “Ranger” liner hanger, a key component in a high-weight, high-pressure liner hanger system designed for drilling and completing deep, horizontal shale wells.
About Team Oil Tools, Inc.:
Team Oil Tools, Inc. is a designer, manufacturer and distributor of completion products for the oil and gas sector, including the patented ORIO sliding sleeve hydraulic fracturing system. The company is headquartered in The Woodlands, Texas, with manufacturing operations in Conroe, Texas, and ten service centers in major U.S. oil and gas markets, including the Permian Basin, Eagle Ford, Mid Continent, Utica, Marcellus and Haynesville. More information is available at: http://www.teamoiltools.com/
About Chancellor Oil Tool, Inc.:
Chancellor Oil Tools is a manufacturer and installer of high performance downhole tools, including liner hangers, liner packers, cement heads, running tools and casing accessories. More information is available at: http://www.chancelloroiltool.com/
