Leadership
Co-Owner/President
About Derek Waters
A native West Texan, Derek graduated from Texas A&M University with a Bachelor’s Degree in Civil Engineering in 2001, and in 2004 received his MBA from Texas Tech University. He has spent the majority of his career in the Oil & Gas Industry with 100% of his time focused in the Permian Basin Region. In March 2006, Derek became part owner of Chem Tech Services along with Todd Latham. Since his acquisition, Derek has been dedicated to developing a corporation that will provide employees with a stable place to work, to be challenged, and to flourish in their careers. He places high value on each employee and their development in the Oil & Gas Industry. Under the current ownership team, Chem Tech Services has become one of the largest independently operated oil and gas chemical companies in the Permian Basin with a vision to continue seeking growth opportunities within and beyond the Permian Basin. Derek resides in Lubbock, TX, where he and his wife Morgan are raising their two children, Gage and Berkley. Derek and Morgan are active in their church community, kid’s activities, and several outreach ministries.
Co-Owner/Executive VP
About Jimmy Payton
Co-Owner/Executive VP
About Darren Waters
Co-Owner/Executive VP
About Todd Latham
A native West Texan, graduated from Levelland High School and furthered his education and graduated from Southwest Texas State University with a Bachelor’s Degree in Criminal Justice in 1993. He was married in April of 1995 to Stephanie Pinner and started working in the Oil & Gas Industry shortly after. Todd started working in the Oilfield in 1997 as a Chemical Service Tech where he trained for a couple of years and then was promoted to account manager. He spent 8 years as an account manager, where he managed a chemical program dealing with a wide range of production models from primary production to water floods and then to CO2 floods. Todd and Derek Waters purchased Chem Tech Services, Inc. in March 2006. Since this acquisition, Todd and Derek have continued to grow and develop the company. In 2012 they sold 50% of the company to Darren Waters and Jimmy Payton to expand the footprint of Chem Tech. Under the current ownership team, Chem Tech Services has become one of the largest independently operated oil and gas chemical companies in the Permian Basin with a vision to continue seeking growth opportunities within and beyond the Permian Basin. Todd resides in Levelland, TX, where he and his wife Stephanie are raising their two children, Megan and Allison. Todd and his family are very active members of their church and community.