Oklahoma Inc.: Compressco adapts to changing oil field

Oil field service company Compressco climbed to No. 2 on Oklahoma Inc.
by Adam Wilmoth Published: November 3, 2013
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A rapidly changing oil and natural gas industry over the past decade has forced companies that service the industry to adjust as well.

The companies that have adjusted quickly have gained both in market share and in profits.

Oklahoma City-based Compressco Inc. surged to No. 2 on this year's Oklahoma Inc. list as the company developed a new product to better take advantage of the new oil and gas industry.

“Compressco has always been a niche market player. This year, we expanded that niche into an adjacent area,” President Ronald Foster said.

Compressco is a spinoff of Tetra Technologies Co. that went public in 2011 as a master limited partnership. The company has more than 340 employees.

Compressco's primary product, the GasJack, is designed to increase production of older, dry natural gas wells.

Over the past five years, the industry has quickly moved toward pricier oil and away from natural gas.

The company's new SuperJack is designed to help both oil producers and the environment.


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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Compressco has always been a niche market player. This year, we expanded that niche into an adjacent area.”

Ronald Foster,
Compressco Inc.

CEO

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