JDR, the global subsea cable supplier and servicer owned by the TFKable Group, said July 29 it has begun construction of a new U.S. headquarters in Tomball, Texas, a part of the Houston metropolitan area. The building will consolidate three of JDR’s existing facilities in the region to expand its IWOCs rental business to support current demand.
The construction of the building began in July 2020 and after completion, JDR plans to acquire engineers and highly qualified service technicians, to expand its local presence. The key focus of the facility will be to construct and test new-build IWOCS equipment and support service activities on-site. It will allow for more physical space (10 acres) to improve efficiencies and safety measures in its supply chain, as well as reduce transportation costs.
“Beginning construction of our new Houston headquarters marks a significant milestone for our US business, and we’re delighted to bring our ongoing success in the region to Tomball,” Brian Davis, Houston general manager at JDR, said. “Our Houston based business has grown strongly over the last decade, following an increased demand from our customers for IWOC rental systems. We have also increased our manufacturing and service support for our oil and gas customers in the Gulf of Mexico and abroad.”
The facility will perform a wide range of functions, including engineering and management for global projects, assembly of a variety of oilfield equipment, and support for its offshore service business.
The facility is planned to be completed in the first half of 2021.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Today’s featured Forty Under 40 honoree is Hunter Wallace, Atlas Sand’s COO who has led in the design, construction and capitalization of two frack sand plants in the Permian Basin.
Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.