Hunting Energy Services announces $62M expansion in Terrebonne Parish
BATON ROUGE, La. — General Manager Bill Price of Hunting Energy Services-U.S. Manufacturing and Gov. Bobby Jindal announced the company is completing a $62 million industrial expansion near Houma, Louisiana. The company is consolidating and expanding its Terrebonne Parish operations with a 304,000-square-foot facility designed to broaden its services to the offshore oil industry.
With the project, Hunting Energy Services will create 20 new direct jobs with an average annual salary of $52,000, plus benefits. The company also will retain 103 existing jobs. Louisiana Economic Development estimates the project will result in 10 new indirect jobs, for a total of 30 new jobs in the Bayou Region and surrounding areas. The company estimates the project will generate 75 construction jobs.
Jindal said, “Once again, Louisiana’s top-notch business climate and best-in-class workforce are making good things happen for our state. We are delighted that an international company such as Hunting has chosen to continue to operate in coastal Louisiana and expand with a major capital investment. This project will create exciting employment opportunities in Terrebonne Parish, enabling our citizens to find quality jobs right here at home.”
Hunting Energy Services began operations in Terrebonne Parish in 1981. In June 2013, Jindal announced a previous expansion by the company that represented a $19.6 million capital investment in a 97,000-square-foot manufacturing and distribution facility. Hunting Energy Services is a Houston-based subsidiary of London-headquartered Hunting PLC. Hunting’s global footprint of facilities provides well construction, well completion and well intervention products, including wireline and coiled tubing and completion accessories manufactured by its Houma facility.
“Hunting’s investment in this region is a testament to the people and culture of this area and reflects its commitment to providing quality products and services to the oil industry,” Price said. “The current state of the oil industry is challenging, but Hunting is committed to a long-term growth plan for the South Louisiana region. This project will allow Hunting to expand its customer base and product offering, thereby allowing the expansion of jobs and community economic development well into the future.”
Source: Louisiana Economic Development