Senior Halliburton executives came to Odessa Wednesday to celebrate the formal opening of a new administrative building, which the oilfield services giant presented as proof of its long-term commitment to production in the Permian Basin.
Jim Brown, the president of the western hemisphere, said “the Permian Basin plays a critical role in the development of energy in our nation, and the Permian Basin continues to reinvent itself. It’s a brilliant example of the innovativeness and resiliency and just invention that’s been brought forward in the oil and gas communities.”
Construction began last year on the approximately 48,000-square-foot facility, which also includes a massive truck garage. It sits at 6155 W. Murphy St., part of 50 acres of land where the company has previously built.
The company moved into the facility about a month ago, and it will be the work-base for some 1,500 employees, Brown said.
Halliburton’s location manager Art Wilson led local officials on a tour through the offices and the large training and conference rooms. Attendees included Mayor David Turner, members of the United Way, company personnel, media and employees of the Odessa Chamber of Commerce.
The administrative building cost about $7 million, while the garage cost about $9 million, Wilson said.
The chamber reported a total investment of about $30 million, which Turner called amazing and evidence of a boom that could last another 20 years or more.
“Growing up out here, they used to meet in field offices — some office out in a field somewhere,” Turner said. “Now it’s digital everything. You know the oilfield has changed.”
Halliburton has purchased another 102 acres of adjacent land, and Brown said the company planned to include up to 10 service lines on the property in the next few years, including drilling services (through its Sperry Drilling) and electrical lift pump services (through its Artificial Lifts).
Halliburton has been active in the Permian Basin since 1940s and also has major facilities in Hobbs N.M., and Midland. Other business lines Halliburton offers here include cementing, wireline and perforating, production enhancement and consulting and project management, among others
Ron Shuman, the senior vice president of the southern U.S. region, said that investments in capital and recruitment of talent over the past few years have already paid off. Last month, the company unveiled a workforce camp to house up to 260 workers.
Speaking to Guy Andrews, the Odessa Chamber of Commerce’s executive director of economic development, Brown said the Basin’s current rig count of about 450 could alone perform for up to 70 more years. “It’s only going to get bigger,” he said.