courtesy Team Oil Tools

Texas-based Tejas Holdings has acquired the assets of Oklahoma-based Team Oil Tools and the transaction will rebrand as Tejas Completion Solutions.

Team Oil Tools is a respected manufacturer of packers and down-hole completion tools. Team was founded in 1997 by Mike Sommers and Don Tinker, both of whom were previously associated with Arrow Oil Tools. Sommers will become Tejas' Vice President of Packer Systems Development and Tinker will oversee Team's U.S. service centers.

"The acquisition allows Tejas to continue its commitment to technological excellence for our completion customers,” said Tejas chief exec Thomas Hill. The deal combines the manufacturing and distribution of Team and the design, engineering and testing resources of Tejas.

In a nod to new markets, a statemetn said Tejas can now better address a growing U.S. market for “extended-reach horizontal shale plays”.

Tags: Team Oil Tools, Tejas Holdings