Petrosmith Expands Abilene, Texas, Production Operations
The investment will allow the company to expand both its existing production and operations, as well as produce new products utilized by upstream oil and gas companies.
“Petrosmith is pleased to partner with the DCOA on this investment initiative. This venture reiterates our commitment to Abilene, our customers, and our existing workforce to invest, grow, and continue to be a market-leading supplier for premium oilfield production equipment and solutions,” said Michael Duffy, President and CEO of Petrosmith.
The Development Corporation of Abilene (DCOA) presented the project to the Abilene City Council who ratified the DCOA Board of Directors' approval of the $2,750,000 incentive package, enabling the DCOA to enter into negotiations for a final agreement with Petrosmith.
“Business retention and expansion is one of our top priorities, and this project represents one of the many companies that choose to grow in Abilene and provide meaningful opportunities for our community to thrive,” noted Misty Mayo, President and CEO of the DCOA. “We are truly creating the Abilene of the future, one successful expansion at a time.”
Smith Pipe of Abilene, Petrosmith is a provider and manufacturer of surface production equipment and tubular goods and services for the oil and gas industry.
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