Team Oil Tools buys Odessa Packer Services

THE WOODLANDS, Texas -- Team Oil Tools has acquired all the outstanding shares of Odessa Packer Services (OPS).

Founded in 1982, OPS is a leading oilfield packer and downhole tool service company focused on the Permian basin market. OPS is based in Odessa, Texas, and provides packers, equipment rental and related services. 

Team is focused on the design, manufacture, sale and service of downhole completion products. In October 2014, Team acquired Schlehuber Oil Tools as part of its ongoing effort to grow its Permian operations.

Adam Anderson, Team’s CEO, will oversee the combined business. Anderson has more than 20 years of oilfield service experience managing the completions operations of Baker Hughes International. 

Anderson commented, “We are very pleased to welcome Odessa’s employees to the Team family. The Permian basin is the largest oilfield market in the world and we feel fortunate to be able to expand our presence there with the addition of Odessa.” 

Steve Hughes and Leonard Neatherlin, Odessa’s president and V.P. of operations, respectively, will manage operations for Odessa and work in close coordination with managers of Team’s other Permian locations in Midland, Denver City and Levelland.