November 18, Houston, Texas – SCF is pleased to announce its investment in Houston based Oil Patch Group, Inc. (“Oil Patch”). Oil Patch provides rental equipment and services to support drilling and completion work. The company focuses on accommodation and support services, downhole drill pipe and tubular rental products, and production testing and flow back. Oil Patch, founded and led by industry veteran Jim Elzner, has operations throughout Texas, North Dakota, Oklahoma, New Mexico and Arkansas. Mr. Elzner and other key members of Oil Patch’s management team have reinvested in the company alongside SCF and will continue to run and build the company going forward.
David Baldwin, Managing Director at SCF, commented, “Jim and his team have built a terrific specialty rental company, with operations in all of the major shale basins in the United States. We are very excited to assist in the next phase of the Company’s growth, both internally, and into other related specialty rental offerings.”
Jim Elzner, CEO of Oil Patch, stated: “SCF Partners has a proven track record of helping build strong oilfield companies in the industry including Varco, Oil States, Complete, Forum, and Rockwater. We are excited about partnering with SCF to build a broad specialty rental company to meet the future needs of our clients. With our new partnership, I am confident that we are going to continue to build on our strong foundation.”
About Oil Patch Group
Oil Patch Group is a family of four companies serving the oil & gas industry. Oil Patch Group has locations across the United States providing service to major oil companies and multiple independent operators.
Oil Patch Group specializes in the rental of drill pipe and living quarters, but is equipped to offer a magnitude of other rental equipment and services, including the management of the initial flowback period during well production.