Borets-Weatherford Begins Expansion of Tulsa, Oklahoma, Manufacturing Facility
“We are eager to get this state-of-the-art R&D Lab completed as part of our long-term strategy to be the leader in bringing new equipment and technology to the electric submersible pumping system market,” Kim Arnold, President and Chief Executive Officer said. “Our current array of Borets products includes the Permanent Magnet Motor technology that, while new to the North American market, has provided significant energy savings and run time benefits based on more than 2500 PMM installations since its 2005 introduction in the Russian market. The new R&D facility will allow us to be a more effective partner with our Borets Russian Engineering counterparts and continue our leadership in developing and promoting new technologies that result in power efficiencies, well production maximization and intelligent wells for our customers.”
The new Lab at 1600 N. Garnett Road is a continuing investment in R&D that will provide the capability for full scope and automated testing of pumps, motors and motor seals. The additional capabilities provided by this expansion are expected to allow Borets to add approximately 100 employees in the next two years, including 30 Tulsa based employees and another 70 employees in the Company’s regional operations, including Midland, Breckenridge, Longview and Conroe, TX; Casper, WY, as well as 2 other Oklahoma operations in Oklahoma City and Pauls Valley.
Tulsa Mayor Dewey Bartlett stated: “We congratulate Borets-Weatherford on its continued success and growth in the Tulsa region. Tulsa continues to establish itself as a leader in attracting and growing companies related to our thriving energy sector, and supporting oil and gas and related industries is of paramount importance to my efforts as mayor and to the future of the entire region.”
Mike Neal, Tulsa Regional Chamber president and Chief Executive Officer, said: “Borets-Weatherford is an industry leader, and the research and development center the company has announced is exciting news not only for the company but also for the entire Tulsa region. This will further solidify northeast Oklahoma’s standing as the thriving hub for the energy industry and research and development.”
As an incentive to assist the firm with its expansion, Borets is a participant in the Oklahoma Quality Jobs incentive program with the opportunity to receive payroll tax rebates in exchange for adding up to 100 jobs in Oklahoma.
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