Business expansion in the Katy area received a major boost this week with Dyna-Drill Technologies’ decision to move its headquarters, research and development, and manufacturing facility to the Katy area, according to the Katy Area Economic Development Council (Katy Area EDC). Dyna-Drill, a Houston-based company, has been designing and manufacturing down-hole motor equipment for the oil and gas industry since 1958. The company’s new facility of more than 300,000 square feet will be located at Colonial Parkway and Grand Parkway, just north of Interstate 10.
Dyna-Drill’s move will transfer a few hundred jobs to Katy, while adding another 100 jobs over the next three years. Because Dyna-Drill has a symbiotic relationship of products and processes with Pathfinder Energy Services, the new Katy facility will function as a Pathfinder-Dyna-Drill campus, encompassing 53 acres, and will be known as the Katy Technology Center.
The Katy Area EDC has been working for about a year on the task of bringing Dyna-Drill into the Katy area business community. In addition, the Katy Area EDC helped Pathfinder Energy Services locate to Katy in 2009. Pathfinder has a 225,000-square-foot building and employs more than 200 people.
The Katy Area EDC has been facilitating assistance to Dyna-Drill with due diligence research, utility and infrastructure provisions, training, incentives, and other technical assistance. Lance LaCour, president and CEO of the Katy EDC, says, “Dyna-Drill will be a valuable addition to the Katy area with the jobs and capital investment that they plan to establish here. We look forward to supporting their growth and the development of the Katy Technology Center.”
Dyna-Drill has been a major designer and manufacturer of down-hole motor equipment for the oil and gas industry for more than half a century. The company is part of Schlumberger Limited. In addition to its Houston headquarters, Dyna-Drill has manufacturing facilities in Nisku, Canada and Dubai, UAE. Dyna-Drill’s latest technological advances include: CNC machining centers, a trepanning machine, a high-capacity vacuum furnace, and a state-of-the-art industry product testing laboratory.
About the Katy Area EDC
Founded in 2003, the Katy Area EDC’s mission is to establish the Katy area as the premiere location for families and businesses through planned economic growth and economic development. Since its inception, the Katy Area EDC has grown to 150 members and assisted in the creation of more than 9,000 jobs and more than $1.0 billion in capital investment.
Please mention you found this on www.KatyMagazine.com.