May 18, 1993
H&H Oil Tool Co. said completion work on several Rocky Mountain wells and cost-cutting measures helped it turn a first-quarter profit of $349,000, compared with a $491,000 net loss a year ago. The Santa Paula-based company rents equipment to oil, gas and geothermal companies. H&H said it managed the profit for the three months that ended March 31 despite a 5% drop in revenue, to $4.4 million from $4.9 million.
August 9, 1994
H & H Oil Tool Co. reported second-quarter income of $65,000, down 40% from $109,000 the previous year. Revenue for the quarter, which ended June 30, was $5.1 million, up 6% from $4.8 million for the same period a year earlier. For the six months, the Santa Paula company earned $73,000, down 84% from $458,000 for the first six months of last year. The decline was on revenue of $10.2 million compared to $10.1 million a year earlier.
November 20, 1990
H&H Oil Tool Co. of Santa Paula, which leases oil drilling and production equipment to oil companies, reported a profit in the latest quarter compared to a loss a year earlier. For the third quarter that ended Sept. 30, H&H reported net income of $429,000, in contrast to a loss of $17,000 a year earlier. Revenues rose 26% to $6.29 million from $4.99 million. In the nine months that ended Sept. 30, the company earned $831,000, while revenues increased 34% to $17.1 million.
March 12, 1991
H & H Oil Tool Co. Inc. in Santa Paula reported a profit for 1990, despite a loss in the fourth quarter. The company, which rents drilling equipment to oil companies, said the 1990 results benefited from increased oil field and natural gas drilling and from its 1989 acquisition of Midway Fishing Tool Co. It blamed the fourth-quarter loss on research and development costs on a process for separating crude oil residues. In the fourth quarter that ended Dec.
CALIFORNIA | LOCAL
October 28, 1994 |
While complaints of disappearing campaign signs are a common election season phenomenon, catching a political thief in the act is rare. But authorities said an off-duty Santa Paula police officer, Sgt. Wes Easley, saw a man remove a campaign sign just before 8 a.m. Sunday. Police said they found the man with 52 campaign signs in the rear of his Chevrolet Blazer. Police identified the suspect as Robert Hassebrock, 37, of Santa Paula, a manager at H & H Oil Tool Co. They cited him for petty theft.
May 31, 1994
H & H Oil Tool Co., a Santa Paula firm that rents drilling and production equipment to the oil and gas industries, has agreed to be acquired by Weatherford International Inc. in a stock swap valued at about $28 million. Houston-based Weatherford provides services, products, and specialized rental and fishing tools to the energy industry. The company had 1993 revenue of $314.7 million. H & H, which operates primarily in California and the Rocky Mountains, had 1993 revenue of $21.7 million.