GEODynamics acquired the assets of Connor Oil Tools. Connor Oil Tools manufactures bridge plugs, setting tools and cement retainers from their facilities in Saginaw, Texas.
“It (the acquisition) represents a natural extension to our Legacy Oil Tools subsidiary; and provides us with additional manufacturing capabilities in the greater Fort Worth area, along with a team of seasoned oil tool experts and manufacturing specialists,” said David Wesson, president and CEO of GEODynamics.
The products provided by Connor Oil Tools will become part of GEODynamics’ Legacy Oil Tools well intervention product offerings. Clyde Holt will be the product line manager in charge of business development and manufacturing while reporting to Robert Davis, president of Legacy Oil Tools.
Holt stated: “GEODynamics’ global footprint and resources will allow us to penetrate new markets much faster than we could as an independent tool manufacturer.”
Image: David Wesson / Linkedin