SAN ANTONIO—Group 42 CEO Paul A. Bell announced May 15 the addition of Texas Oilfield Fabrication & Pipeline (TOFP) to its family of companies. The purchase by U.S. subsidiary Well Flow Oilfield Services Holdings adds pipeline and fabrication services to Group 42, expanding its footprint substantially in the U.S.
Group 42 is an energy-focused holding company based in San Antonio. Its subsidiaries include Well Flow International, whose specialty chemicals and services support enterprise class producers in the Arabian Gulf, North Sea and West Africa, as well as North America.
Group 42’s purchase of TOFP is part of its long-term strategic plan and provides a platform to expand domestic operations to customers in North America. Group 42 intends for TOFP to be key to taking advantage of the more rapid recovery of the domestic energy sector by building a complete range of well site and pipeline construction services. Well Flow will continue to focus efforts on the sale of its specialty chemicals that have been provided to enterprise class and international energy exploration companies for more than 30 years.
“TOFP has grown at an exceptional rate over the past several years in pipeline construction and well site production equipment fabrication,” Bell said. “We believe there is significant opportunity for additional growth in these sectors, both organically and through bolt-on acquisitions. We want sophisticated exploration and production companies operating in the U.S. to know we’re ready to offer high quality turnkey well site and pipeline construction services in conjunction with Well Flow’s world-class suite of production and stimulation chemicals.”
TOFP’s customer list includes EPIC Pipeline, BlackBrush Oil & Gas, EnerVest Ltd., StarTex Field Services LLC and TexStar Midstream Logistics LP. TOFP will continue to operate under its name with the same 245 employees.
“This is a great opportunity for the employees of TOFP,” said former TOFP President John Ward. “We’re very proud of what we’ve accomplished and excited for the future of the company and the men and women who were part of our team.”
Terms of the sale were not disclosed.