Industrial Hose & Oilfield Supply (IHOS) traces its roots to 1999, supplying hydraulic hoses, pipe fittings, valves and downhole pumps to operators across the Permian Basin. Today the Permian accounts for roughly half of U.S. oil output, and IHOS markets itself on fast, local service. The company’s motto – “supply meets service” – reflects its in-house fabrication and testing capacity. According to IHOS, all hoses and fittings are crimped, tagged and pressure-tested for quality, and a dedicated “infrastructure team” can custom-design on-site production trailers or turn‑key pipeline projects to save customers time and labor. These capabilities have kept IHOS on the map even as Permian rig counts ebb and flow. Now led by President Mike Wilson, the Snyder-based firm has navigated two decades of boom-and-bust cycles.

 

Mike Wilson – who joined IHOS in 2009 and assumed ownership around 2013 – has expanded the business’s footprint. Under his watch, Industrial Hose & Oilfield Supply has grown from its Snyder hose shop into a multi-location supplier. The company now lists branches in Big Spring, Big Lake, Lamesa and Sweetwater, Texas, and even an outpost in Carlsbad, New Mexico. By building local inventories and mobile service teams in each hub, IHOS aims to be within hours of its customers’ wells. Wilson’s sales and operations teams also added new product lines (for example, Kimray valves and stainless steel components) and on-site fabrication capabilities to capture larger jobs. “We allow our customers to do more with less, and faster,” the IHOS site boasts, a philosophy Wilson has embraced through streamlined logistics and equipment upgrades.

Today IHOS is more than a hose vendor – it pitches full infrastructure solutions. Its website highlights services ranging from water-treatment systems and tank batteries to pressure vessels and midstream pipeline assemblies. In practice, Wilson has overseen the launch of on-site parts trailers and custom fabrication of pipe, vessels and automation skids, matching a trend toward turnkey projects in the shale patch. For example, as Permian operators invest in new water-disposal and gathering systems, IHOS can supply the specialized hoses and welded assemblies needed. By integrating products and field services under one roof, Wilson seeks to insulate the business when E&P spending tightens.

The need for such strategy is underscored by recent market headwinds. After oil traded near $90/barrel in 2023–24, prices have softened to the mid-$60s, prompting Permian producers to hold the line on capital. One industry report says the basin’s service sector is “squarely in the squeeze,” with budgets tighter and drilling schedules leaner than a year ago. Major oil executives now warn that 2026 may see a new low point for prices, meaning spending on completions and new wells could stay subdued. Suppliers are already feeling it: smaller rig counts have pressured day rates, and many distributors report excess inventories of tubulars, hose assemblies and chemicals. Slower turnover stretches working capital for private outfits that lack big lending lines. In this environment, IHOS’s lean scale can be an advantage – Wilson has kept overhead light and focused on quick turnaround orders.

At the same time, IHOS is tapping strengths identified in broader industry analysis. Deloitte notes that by emphasizing efficiency and high-return investments, oilfield-service providers saw their best performance in decades during 2023–24. Those gains came from cost control and productivity, rather than volume growth. Adopting that playbook, Wilson has emphasized close customer partnerships and in-field problem-solving to “grow profitably without big up-front spending” (a lesson larger shale drillers learned earlier). Permian Basin analysts conclude that service companies which pivot toward efficiency and offer steady, through-cycle solutions tend to “find room to run” even amid a downturn. In other words, a focused, nimble supplier – the kind Wilson has crafted – may still thrive.

Looking ahead, IHOS’s fortunes likely hinge on Wilson’s ability to keep operations tight and service agile. He notes that “the cost of time and labor is equally important” to hard costs, and under his leadership the company promises fast deliveries and turnkey projects. With Permian spending expected to climb again if prices recover, IHOS’s deep local roots and expanded services position it to capture future demand. In a region projected to supply nearly 70% of U.S. oil by 2040, Mike Wilson has steered his small firm to punch above its weight – a true capstone of a CEO on watch in the oilfields.