Bagwell Energy Services Expands Iberia Parish, Louisiana Fabrication Plant
The company owns 28 acres, including its fabrication and office facilities, in the Twin Parish Port District, while the company leases additional space for its hydrostatic, blasting and painting operations, as well as the marine terminal slip it developed in conjunction with the port.
Through the expansion project, Bagwell Energy’s $2.5 million capital investment will add precision fabrication equipment for process industry piping and vessels, install new bridge cranes, and build a 15,000-square-foot addition to its fabrication center and a 4,000-square-foot addition to its painting-and-blasting facility. The project will retain 46 existing jobs while creating 150 new direct jobs.
At its Iberia Parish manufacturing site, Bagwell Energy completes piping and vessel fabrication orders; builds production equipment, skids and modular enclosures for remote exploration and production sites; and performs blasting, painting and hydrostatic testing services. “We are excited to be back at home in the Twin Parish Port,” said Rodger Bagwell, who earlier served as President & CEO of Rotocraft Leasing Company and helped build that Broussard, Louisiana-based transport company. “With this area’s experienced energy-related workforce, our waterfront facility and the investment into technical equipment, we have the competitive edge to succeed. Through a diversified customer base and years of experience in this industry, we look forward to many years of growth in the Twin Parish Port.”
To secure the project, the State of Louisiana offered the company a competitive incentive package, including a performance-based Economic Development Award Program incentive of $250,000 to offset infrastructure improvements at the site. Bagwell Energy also will receive the comprehensive workforce solutions of LED FastStart.
“As we see positive signs of recovery for Louisiana’s offshore exploration and production in the Gulf of Mexico, and reinvigoration of Haynesville Shale activity in North Louisiana, this expansion by Bagwell Energy Services emphasizes the great leadership, ingenuity and talent possessed by our native oilfield and industrial services companies,” Governor John Bel Edwards said. “We’re excited for Delcambre and for Iberia and Vermilion parishes that this expansion will bring more high-quality jobs to our coastal oil and gas industry and more support for our growing onshore industrial projects.”
“For almost 40 years, Bagwell Energy Services has continued to innovate in the energy and manufacturing sectors, both of which are key industries in Acadiana,” said President & CEO Troy Wayman of One Acadiana. “This expansion exemplifies the ability of Acadiana manufacturers and the region’s outstanding workforce to embrace technological innovation and modernization to secure future business in today’s competitive oil and gas environment. It marks an exciting new chapter for the company, as well as the communities of Iberia, Vermilion, and the rest of Acadiana.”
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