HOUSTON, Feb. 20, 2007 (PRIME NEWSWIRE) -- Stallion Oilfield Services Ltd. is pleased to announce that it has completed the acquisition of La Mission Rentals located in Odessa, Texas. La Mission adds over 90 workforce accommodation units and related equipment to Stallion's existing fleet and strengthens its position in the Permian Basin.
"The acquisition of La Mission continues our strategy of becoming the market leader in each geographic area we operate in," stated Craig Johnson, Stallion's chief executive officer. "The additional equipment and personnel allows us to better serve our customer base in this prolific basin."
Stallion also announced the formation of Stallion Offshore International B.V. The new business unit will be headquartered in Beverijk, Holland and is strategically located to take advantage of the resurgence in the North Sea and other offshore markets. "Our offshore accommodations division, Abbeville Offshore Quarters, is a leading provider of offshore workforce accommodations and other modular buildings to the global oil and gas industry," remarked Craig Johnson. "Opening an office in the eastern hemisphere will enable us to better serve those customers pursuing projects worldwide. These projects require significant temporary manpower, sometimes in excess of 400 technicians, during production hookup, and we intend to partner with clients to satisfy this growing demand for temporary offshore accommodations."
Tommy Putnam, offshore division president, noted, "Our new international division will be led by Jacco van Eerde who comes to us most recently from Fabricom Oil & Gas BV, a division of SUEZ Energy Services, a European leader in installation and technical services. Jacco has an extensive background in offshore operations that includes all phases of project management. He will be a great asset as we position ourselves to take advantage of international developmental activity."
In a related note, Stallion also announced the acquisition of Suttee Enterprises in Maysville, Oklahoma. Suttee is a supplier of surface rental equipment used in oilfield operations and will be integrated into Stallion's existing business in Elk City, OK. Founder Leland "Butch" Suttee has been retained by Stallion and will remain active in the business.
Stallion provides wellsite support services and construction & logistic services to the oilfield with 1,500 employees in 35 locations. Its range of critical wellsite services includes onshore and offshore workforce accommodations, surface rental equipment, solids control, communication services, site construction, rig relocation and heavy equipment hauling. Stallion's Everything But the Rig(SM) product offerings are designed to improve living and working conditions, safety, and our customers' productivity at the wellsite. Stallion is headquartered in Houston, Texas and delivers products and services in the South Texas, Gulf Coast, Ark-La-Tex, North Texas, Permian Basin, Mid-Continent and Rocky Mountain regions as well as to the global offshore industry.
Please find additional information at the Company's web site: