Another executive out at Knight Oil Tools

Earl Blackwell is no longer running Knight Oil Tools, according to a report by theind.com. Blackwell confirmed but declined to give a reason for his departure from the company.

The company, founded in 1972 by the late Eddy Knight and headquartered at 2727 SE Evangeline Thruway, no longer lists owners, managers or executive biographies on on its website.

Blackwell was named president and CEO of the company in January 2015, replacing Mark Knight. Knight, 57, continued to serve as board chairman until April, when he was indicted on two counts of racketeering in connection with a scheme to have his brother, Bryan, arrested on drug charges in 2014.

Police said Mark Knight paid more than $100,000 in cash and gifts to two police officers and to a Knight employee to plant drugs on his brother’s car.

Knight Oil Tools has grown to be the largest privately held rental and fishing tools business in the oil and gas industry. It operates in more than 50 locations across 11 oil-producing states.

Bryan Knight, 56, was charged in August with one felony count of simple criminal damage to property, according to documents with the Lafayette Parish Clerk of Court Office.

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