Chancellor Oil Tool acquired by TEAM Oil Tools

9/5/2013

Chancellor Oil Tool acquired by TEAM Oil Tools

HOUSTON -- TEAM Oil Tools, Inc. has acquired Chancellor Oil Tool, Inc., a pioneer in the development and commercialization of liner hangers, cement heads and running tools for the oil and gas industry.

Byron Cowart, TEAM’s chief executive officer, will oversee the combined business. He has more than 30 years of oilfield service experience managing the liner hanger operations of Weatherford International, Key Energy Services and TIW Corporation.

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