Oilfield services giant Halliburton has selected north Lafayette over a pool of state and international competitors for a major manufacturing facility that’s expected to create 150 direct jobs with an annual payroll of $8 million, plus benefits — that equates to an average $53,000 a year. Halliburton is investing $65 million in the project and expects to begin construction by July of this year, creating an additional 250 construction jobs.
The manufacturing facility is locating on Pont des Mouton across from the Northpark Technology Center; the company has signed a purchase agreement on the 40-acre tract with Lafayette businessman Larry Leger.
Louisiana Economic Development anticipates that the 150 direct jobs will create another 357 indirect jobs, generating $4.4 million in additional tax revenue over the next decade.
Just after 2 p.m. Tuesday, Gov. Bobby Jindal joined Halliburton Senior Vice President Marc Edwards and a slew of Lafayette-area officials and dignitaries to unveil plans for the 200,000-square-foot facility, which will produce complex machined components for oilfield service operations with state-of-the-art manufacturing equipment. The facility will also produce value-added services, such as heat treatment, coating and other specialty operations, and will have assembling and product testing operations performed before shipping components to oil and gas producers around the world.
Edwards, who trained with Halliburton in Lafayette 26 years ago after earning a mechanical engineering degree in the UK and went on to become a senior VP, likened the jobs that will be created here to the type of manufacturing positions in the aerospace industry, calling them “high-tech, high paying.” Giving props to state and local officials, including Lafayette Consolidated Government personnel in various departments — all of whom worked for about eight months on a secret project they knew only as "Prospect Dreidel" — he said Lafayette was chosen over a number of states, including Texas, Oklahoma, Alabama and Mississippi, as well as sites in Brazil, Europe, West Africa and Asia. “We put a lot of effort into [this decision],” he said. “Lafayette has won this particular deal here, competing on a global basis.”
Edwards thanked LED and the Lafayette Economic Development Authority for their assistance “in helping us decide that Lafayette is the best location for our new facility.” He cited Lafayette’s strong workforce and economy, access to major transportation zones and the Louisiana FastStart program to help hire and train our employees as key to helping Halliburton expand its business.
To help secure this project, LED offered the company an incentive package, including performance-based financial assistance of $2 million for site acquisition and infrastructure from the Louisiana Rapid Response Fund and a workforce program from Louisiana FastStart. Halliburton also will take advantage of the state’s Quality Jobs and Industrial Tax Exemption programs.
“With more than 900 oil-and-gas-related businesses in Lafayette and many more throughout Acadiana, this region is the hub for energy production and services in the Southeastern U.S. and the Gulf of Mexico,” said LEDA’s Gregg Gothreaux. “Our community provides an industry-savvy environment and a workforce that is highly skilled, making Lafayette very attractive to energy companies.”
Halliburton employs 863 people in Lafayette Parish, about 1,200 in Acadiana and almost 3,000 throughout the state. Its nearly 60,000 employees work in 80 countries.
Authorities said that a Chevron Corp. subsidiary was still releasing natural gas Sunday from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker.
Meet the WWMB Class of 2014, extraordinary women guiding our exceptional community
Software development center represents third such project in Hub City this year.
Elizabeth Abdalla and Abform are poised for a new era of growth.
Lafayette’s most highly regarded attorneys were honored by their own at the Hall of Fame Banquet sponsored by the Lafayette Bar Association.
Collaboration and relationships give you the help you want — and the help you need.
A look at recent promotions, hirings and recognitions from Acadiana's business community.
Who doesn’t like grilled cheese?
There has been much progress in the 50 years since the Civil Rights Act was passed, but there is still work to be done.
Amid widespread criticism, two former U.S. senators say they are not lobbying Congress on behalf of a shady Russian bank, although a federal disclosure suggests otherwise.
Banks are the ones taking the financial hit for retail security breaches, and that just doesn’t seem fair.
It’s time to embrace a new regional model for economic development.
The state labor department figures released Friday show the initial claims decreased to 1,961 from the previous week's total of 2,237. For the comparable week a year earlier, there were 2,190 claims.
Hurry, rush to Jersey’s Daiquiris Sports Bar in Broussard for a cold one because at noon tomorrow its license is suspended for two months by the state!
The feds say Donald Domingues reported $259,725 as income and paid $64,909 in taxes but he allegedly failed to mention a $351,000 sales commission, which would have bumped his income up to just over $610,000 and his tax liability to $186,000.
Year-to-date sales are outpacing 2013 by 4.7 percent.
“The connector is a crucial part of the larger I-49 South project from Lafayette to New Orleans that would convert U.S. 90 into an interstate-quality roadway.” — U.S. Sen. Mary Landrieu
Despite what was said at a coastal forum in New Orleans last month, oil and gas insiders contend a settlement is not in the stars for the massive lawsuit filed against nearly 100 energy companies by the Southeast Louisiana Flood Protection Authority-East.
Environmentalists, fishermen and others are celebrating a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst oil spill.
St. Louis-based Perficient Inc. says it will establish a software development center in Louisiana that is expected to create 245 jobs.
U.S. District Judge Carl Barbier's ruling Thursday could nearly quadruple the amount of civil penalties for polluting the Gulf of Mexico with oil from BP's Macondo well in 2010.
Co-founder Ryan Trahan goes solo to keep it local.
Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation — if all the pieces fall into place.
BP says it recently obtained correspondence between Patrick Juneau's Lafayette law firm and the Gulf Coast Claims Facility showing he argued for liberal compensation, flexible documentation requirements and other terms that would help Louisiana claimants at BP's expense.
A replacement is expected by January to fill the vacancy left when Greg Roberts resigned after allegedly pointing a fake gun at an engineer during a June meeting.