March 27, 2009 (FinancialWire) -- T-3 Energy Services, Inc. (NASDAQ: TTES) appointed Steven W. Krablin as president, chief executive officer and chairman of the board of the company, effective March 24, replacing Gus D. Halas, who left the company to pursue other interests.

Halas had been with the company over the past six years, bringing it from a collection of small repair and maintenance facility to an original equipment manufacturer in the pressure control, pipeline, and wellhead market segments, according to a statement from company director Bob Ayers.

Krablin, 58, rejoins T-3 Energy where he served as a director from 2001 to 2004. From January 1996 until his retirement in April 2005, he was senior vice president and chief financial officer at National Oilwell Varco, Inc. or its predecessors. Prior to 1996, Krablin served as senior vice president and chief financial officer of Enterra Corp. until its merger with Weatherford International, Inc. Krablin currently serves as a director of Penn Virginia Corp., Hornbeck Offshore Services, Inc. and Chart Industries, Inc.

Investors initially greeted the changeover negatively, slamming T-3's shares with a $5 loss, but prices have made modest gains through the week and the beginning of 3/27, trading at $12.41 Friday morning on higher than normal volume. Shares have traded as high as $84 in the past 52 weeks.

T-3 Energy provides a broad range of oilfield products and services primarily to customers in the drilling and completion of new oil and gas wells, the workover of existing wells and the production and transportation of oil and gas.

FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .

Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .

Copyright(C)2009 by financialwire.net, Inc. All rights reserved.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.