Texas-based Paradigm Oil and Gas closed on the purchase of Cam Trucking and Well Services on Friday.
The name of Cam Trucking and Well Services will be changed to Paradigm Trucking and Well Services with Anthony Feezel taking on the position of president of the subsidiary.
In a release, it said half of the fleet will be prepped for the road and headed for Texas and assigned to long term contracts, which will generate over six figures per month in revenue. The other half of the fleet will be on jobs with local producers in Oklahoma.
"From our Services subsidiary of well drilling, water removal and engineering analysis; the company anticipates just under $200,000 per month in revenue,” said Vince Vellardita, president of Paradigm Oil and Gas.