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Oil Field Supplier Eyes $100,000 Upgrade to New Buy

HOUSTON-Stabil Drill, a supplier of oil field drilling equipment, has bought a four-building industrial complex in the city's northern tier. The buyer's broker says at least $100,000 will be going into upgrades.

By Jennifer Brenner Andrade | Updated on July 18, 2001

HOUSTON-An oil field equipment supplier has acquired a four-building, 24,500-sf industrial complex in north Houston, with plans to pump upward of $100,000 into renovations.

Richard Finnerman of NAI Partners Commercial in Houston represented buyer, Stabil Drill, and seller, Bill Eubank. Stabil will relocate from its existing warehouse in the Houston suburb of Pearland.

Stabil Drill is a subsidiary of New Orleans-based Superior Energy Services Inc. Stabil, which rents oil field drilling equipment, has five locations in Texas, Louisiana and Mississippi. Stabil recently took over a competing Houston business and will pull that team into the new buy at 608 W. Richey Rd., Finnerman tells GlobeSt.com.

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