A year after moving into a larger plant, Team Oil Tools is poised to grow at a faster pace, said Dale Fain, the company's president and CEO.
A year ago, Team Oil Tools moved its manufacturing operation to an 110,000-square-foot plant in northeast Tulsa, Fain said. The company spent about $1 million to renovate and update the building, Fain said.
"We want a place that everyone is proud to work at," Fain said.
With another 25,000 square feet of space, the company employs design engineers, service technicians, manufacturing engineers and machinists.
There are about 90 employees at the Tulsa plant and 175 companywide, Fain said. Currently, Team Oil Tools, which makes products for the drilling industry, has two 12-hour shifts, Fain said. The company is considering moving to three eight-hour shifts, he said.
The maker of down-hole tool products has steadily been adding jobs and was accepted into the state's Quality Jobs Program.
"We are at about 67-percent capacity," Fain said.
Oklahoma's Quality Jobs Program provides quarterly cash payments up to 5 percent of new taxable payroll directly to a qualifying company for up to 10 years. Team Oil was admitted to the program at the same time as three other Tulsa companies. When complete, Team Oil Tools will have about 200 jobs.
"The challenge is finding quality people," Fain said.
To fill the labor gap, Fain hired Katie Counts as a full-time corporate recruiter. …