BATON ROUGE, La. (AP) - A Louisiana energy services firm is increasing its footprint at a local port, a move expected to create 150 new jobs over five years.
Gov. John Bel Edwards announced Monday that Bagwell Energy Services intends a $2.5 million expansion at its Port of Delcambre fabrication center in Iberia Parish.
The expansion will service the chemical manufacturing and liquefied natural gas processing industries, in addition to other oil and gas customers.
The company currently has 46 jobs, but says the project will add 150 more positions with average annual salaries of $74,000, plus benefits.
“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,” Gov. 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.”
Louisiana will give Bagwell Energy Services a $250,000 grant to help pay for infrastructure improvements at the site. The company also will receive workforce development assistance and use of a tax break program for creating high-paying jobs.