Johnson Specialty Tools (“JST”) is a private, family-owned business that specializes in the rental of various drilling support equipment such as pre-mix mud tanks, mud vacs, transfer pumps, drill pipe, power washers and a host of other similar equipment. JST was founded by Craig Johnson and Brett Johnson, father and son, respectively, in December 2014.
In October 2015, JST completed its first acquisition, which was Texas Equipment Rental (“TER”). JST, collectively with TER, offers equipment and services to Concho Oil and Gas, Chesapeake Energy, Murphy Exploration, Marathon Oil and Gas, ExL Petroleum and EOG, as well as many others. JST currently operates in the Permian Region, the Eagleford Region and, as of recently, the East Texas/North Louisiana Region.
The Johnson Family has a remarkable tenure in the oilfield services industry that spans across many decades. Craig Johnson is the third generation of his family in the oilfield service industry. Craig is the grandson of Ruth and Willard Johnson, Founder of Magcobar Drilling Fluids, now M.I. Drilling Fluids which is a subsidiary of Schlumberger. In addition, Craig is the son of Sally and David Johnson, who founded Petroleum Equipment Tools Co. (“PETCO”) in 1967. In 1997, David Johnson founded Q Services, Inc., a private production services company.
Craig & Brett Johnson
Craig Johnson founded Stallion Oilfield Services in 2003 and served as its Chief Executive Officer and President through 2014. Prior to his tenure at Stallion, Mr. Johnson joined Key Energy Services, Inc. in 2002 in connection with Key’s purchase of Q Services, Inc. Craig managed the rental and fishing tools division at Key Energy Services until December 2002. From 1997 through July 2002, Mr. Johnson served as President and Chief Operating Officer of Q Services, Inc. In 1993, Craig founded Quality Tubular Services (“QTS”) which merged into Q Services, Inc. Prior to founding QTS, Mr. Johnson joined Weatherford International in connection with Weatherford’s purchase of PETCO in 1991. From 1978 until 1991 Craig served in various positions with PETCO.
Craig earned his Bachelor of Arts degree from the University of Mississippi. He served on the board of Remote Knowledge, Inc. from September 2004 until August 2005. He served on the board of the Arbor School in Houston, Texas from 1998 through 2000. Craig serves as a Trustee of Cardigan Mountain School, Canaan, NH.
Brett Johnson is now the fourth generation of his family in the oilfield services industry. Upon co-founding JST in late 2014, Brett assumed the role of President and has been fundamental to JST’s growth particularly in the Permian Region. From 2008 through 2014, Brett held various roles at Stallion Oilfield Services. From 2008 to 2010, Brett learned the ropes in the Rockies Region as a Service Technician in both Prudhoe Bay, Alaska, and Riverton, Wyoming. Subsequently, Brett assumed a role in North Louisiana (Haynesville Shale) as a Supervisor in the Accommodations and Production Division from 2010 to 2012. In his last role at Stallion, Brett managed the Permian Region from 2012 to 2014 prior to branching out to start JST.