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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Area oil field equipment manufacturer makes acquisition

Antelope Oil Tool & Manufacturing Co. LLC of Mineral Wells has acquired CTE Industries LTD. to broaden its product line.
Headquartered in Edmonton, Alberta, CTE, founded in 2006, is a manufacturer and supplier of oil field cementation equipment. Its products include float shoes, float collars, cement plugs and centralizers for the global oil and gas industry. CTE also provides threading services and supplies steel products, such as mechanical tubing and coupling stock.
No price for the transaction was released.


Antelope is a leading manufacturer of oil field casing and cementing products for offshore and onshore applications. Antelope is backed by Intervale Capital, a private equity firm with offices in Cambridge, Mass. and Houston that invests exclusively in oil field manufacturing and service companies.
"We have been impressed with CTE's rapidly growing market presence,” said George Ribble, Antelope's CEO in a news release. “CTE has established a strong brand globally, best known for its first-class products and reliable service. Following this combination, Antelope will be able to better service our customers by offering a broader product suite."


Dan Laplante, previously President of CTE, will manage Antelope and CTE's combined operations in Canada.
“CTE presents an exceptional opportunity for Antelope to extend its geographic presence into Canada and expand its customer base,” said David Nemeskal, principal at Intervale.
Antelope acquired WearSox L.P. , a pioneer in the development of thermal spray-on casing centralizers, stop-collars and stabilizers in 2013. Antelope was founded in 1961.


www.antelopeoiltool.com
 

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