Join The Discussion

 

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

read more >

Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

read more >

Price appeal: Condos going up on Near Southside

Chris Brassard and Omar Diaz had apartments in mind when they built a 12-unit complex on May Street just south of West Magnolia Avenue on Fort Worth’s Near Southside. Then their leasing agent, Will Northern of Northern Realty Group, suggested they consider selling the units as condominiums.

read more >

Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

read more >

 

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
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?