Tuesday, September 9, 2014

Firm that helps drilling industry is set to expand

Posted By on Tue, Sep 9, 2014 at 1:02 PM

click to enlarge Annexing 60 acres to the east means the city would provide power to the expansion of a manufacturing plant. - TAKVER
  • Takver
  • Annexing 60 acres to the east means the city would provide power to the expansion of a manufacturing plant.
On Tuesday afternoon, City Council is expected to set a hearing date of Oct. 14 to consider annexing 60 acres out east, a parcel that's owned by Weatherford Artificial Lift Systems, LLC, of Houston.

Its address is 3285 Capital Drive, and the property lies east of Marksheffel Road.

The industrial operation currently is served by Mountain View Electric, but Weatherford wants to expand, according to information submitted last month to the Colorado Springs Planning Commission, which recommended approval of the annexation request.

"The project is undergoing the construction of a significant new 22,380 square foot building to expand its existing operation," the planning staff said in an overview of the request. "This operation includes the manufacture of piping to serve the oil and gas extraction industry. Mountain View does not have the electrical capacity necessary to serve the proposed expansion, therefore Colorado Springs Utilities, which has the capacity, is willing to extend electrical services to this project and site."

The company's website shows 10 job openings for Weatherford in Colorado Springs. That might grow after the expansion, and then there are the construction jobs that will be needed to build the new facility.

Under city policy, to obtain city services, land must be annexed. 

The company doesn't plan to seek water and sewer service from the city, but rather will continue receiving those services from the Cherokee Metropolitan District. However, the annexation agreement would require Weatherford to give the city water rights in the Dawson, Denver and Arapahoe aquifers.

As for fire protection, the site will remain in the Falcon Fire Protection District and pay taxes to that district, as well as property taxes to the city which includes money for the Springs Fire Department. In addition, the company will be assessed $1,631 per acre, about $97,860, to help fund construction and equipping of a new fire station. For police protection, the company will be assessed $677 per acre, about $40,620, for a future police station.

Read the entire planning report here:

Here's information about Weatherford from its website:
Weatherford (NYSE: WFT) is one of the largest global providers of products and services that span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells. Weatherford is a new breed of service company—one that can provide the industry with extended products and services, more efficient operations, more powerful research and development capabilities and greater geographic diversity.

Today’s Weatherford is the result of internal growth and innovation, as well as the consolidation of 250+ strategic acquisitions over the past 13 years. From a strategic standpoint, Weatherford has two key objectives—efficiency and productivity. Weatherford strives for efficiency, both in terms of delivering results for its clients as well as leveraging its worldwide infrastructure. The ultimate goal in both cases is to help reduce costs and increase well productivity. As well, Weatherford has created a more streamlined organizational structure to continue a push towards greater individual productivity levels through more intensive recruiting, training and retention.

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