US Steel subsidiary US Steel Tubular Products and Midland, Texas-based Butch Gilliam Enterprises LLC announced Monday that the two companies have signed an agreement to form a joint venture to provide tubular services to the energy industry in the Permian Basin. The joint venture, Patriot Premium Threading Services, has operations located in the heart of the Permian Basin in Midland.
The new state-of-the-art facility will be a comprehensive service provider licensed to thread US Steel tubular products as well as to provide accessories, repair services, technical assistance and rig site services. The facility's threading capability is 2-3/8" to 11-3/4" and it will be licensed to thread all of US Steel Tubular Products' premium connections including the recently introduced USS-LIBERTY FJMTM premium connection. USS-LIBERTY FJMTM is a premium flush connection designed for the clearance-critical applications in the Permian Basin.
Day-to-day operations management will be by Butch Gilliam and operations are ramping-up in December. Equity participation will be 50 percent for each partner.