Team Oil Tools Consolidation Expands Conroe Manufacturing Facilities

THE WOODLANDS, Texas--()--Team Oil Tools, Inc. (“Team”) is consolidating its completion products manufacturing, including its Packer, Service Tool and ORIO product line, in existing facilities in Conroe, Texas, near the company’s engineering and design center. The move combines operations from a second manufacturing facility in Tulsa, Oklahoma.

“This consolidation brings our manufacturing operations closer to customers and to Houston’s broad oil field manufacturing and service infrastructure,” said CEO Adam Anderson. “Our continuing objective is to improve the quality and efficiency of our manufacturing operations. These proficiencies are even more important today given the recent downturn in oilfield activity.”

The complete Team product line will be produced at the Conroe facility, and manufacturing will continue uninterrupted during the short transition expected to conclude in April 2015. Multiple area jobs will be created for machinists and other skilled personnel. In addition, a core group of employees along with 18 CNC machines will move to Conroe.

The expanded facility manufactures Team’s unique ORIO sliding sleeve completion technology, which provides critical capabilities for enhancing the design and economics of hydraulic fracturing. Use of the technology has grown rapidly to include over 1,000 installations of the ORIO XL 5 ½-in tool, and contributing significantly to Team’s overall technical and financial success.

About Team Oil Tools, Inc.:

Team Oil Tools, Inc. is an ISO 9001:2008 certified 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/

Contacts

Team Oil Tools, Inc.
Inez Moriarty, 281-602-7815
Senior Marketing Director
imoriarty@teamoiltools.com

Contacts

Team Oil Tools, Inc.
Inez Moriarty, 281-602-7815
Senior Marketing Director
imoriarty@teamoiltools.com