Bill Kelley Appointed Chief Executive Officer of Antelope Oil Tool

HOUSTON, Sept. 10, 2014 /PRNewswire/ -- The Board of Directors of Antelope Oil Tool & Mfg. Co., LLC ("Antelope", or the "Company") are pleased to announce the appointment of Bill Kelley as Chief Executive Officer, effective immediately. Kelley previously served as Antelope's Vice President of Sales and Operations, and has more than 35 years of casing and cementing equipment experience in the oil and gas industry. Kelley will be based at the Company's headquarters in Houston, Texas.

Since joining Antelope in 2013, Kelley has been responsible for day-to-day sales and operational activities at the Company. Prior to joining Antelope, Kelley worked at Davis-Lynch, Inc., holding positions of varying responsibilities over his 26 year tenure, including his final position as Vice President of Operations. Kelley succeeds George Ribble, who is retiring.

"Antelope has a rich tradition of providing premium cementing hardware to the oil and gas industry. I am honored to have the opportunity to lead an organization of exceptionally talented individuals as we seek to capitalize on the vast opportunities available to the Company," Kelley said.

George Ribble, former Chief Executive Officer, added, "I have thoroughly enjoyed working with Bill over the last year and wish him all the best in his new role. I am pleased to leave the company and its employees in Bill's capable hands. I would like to thank all of the employees of Antelope for making the last 2 years among the most satisfying and memorable of my career."

David Nemeskal, Principal at Intervale Capital, added, "We are pleased to announce Bill's appointment as Chief Executive Officer. Bill has performed exceptionally since he joined Antelope, and we expect he will continue to do so in his new role. We thank George for his service to the company and wish him all the best."

About Antelope Oil Tool & Mfg. Co., LLC:

Antelope is an industry-leading designer, manufacturer and seller of patented casing and cementing products for the oil and gas sector. Antelope's core products and services include casing centralizers and related accessories for onshore (tight tolerance, rigid, bow spring, welded-bow, tubing and non-weld), offshore and other highly technical applications (WearSox thermal spray-on centralizers, stop-collars and stabilizers, multilayer composite centralizers and related composite products), float equipment, steel products and premium threading. Antelope was founded in 1961 and is based in Houston, Texas.

Company website:  http://www.antelopeoiltool.com/

About Intervale Capital:

Intervale Capital is an energy-focused private equity firm with offices in Boston and Houston.  Intervale invests exclusively in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised $1.2 billion of committed capital since its inception in 2006 and is currently investing from its third fund. Intervale portfolio companies include Proserv Group (offshore and subsea equipment and services), TEAM Oil Tools (completions equipment and services),  Aegis Chemical Solutions (production chemicals and water treatment), Allied Oil & Gas Services (cementing and acidizing services), Antelope Oil Tool (casing and cementing products), Certus Energy Solutions (diversified oilfield rental equipment), Energes Oilfield Solutions (well flow control, water transfer and safety services), EPIC Lift Systems (artificial lift), Recapture Solutions (flare reduction and natural gas power solutions) and Tier 1 Energy Solutions (Canadian wireline and completions).

Contact: 
David Nemeskal
Principal
Intervale Capital
(617) 497-8282
[email protected]

Source: 
Intervale Capital
http://www.intervalecapital.com

SOURCE Intervale Capital