Talks of Halliburton Continue

by Danielle Cotterman on December 20, 2011 at 5:26 am

Talk continues on one of the world’s largest providers in the energy industry and their upcoming impact on the local economy.

The Port Authority voted Friday to sell a portion of the EastPointe Business Park to Halliburton to use as an operations hub to support customers in the Utica Shale development. Zanesville Muskingum County Port Authority Executive Director Mike Jacoby said discussion with Halliburton began a few months ago as they were scouting the region for a development location.

"We were really thinking more along the lines of a distribution center but we made the connection with the broker representing Halliburton," said Jacoby. "The next day he was out with a representative at the site and now we’re working on contracts and hopefully in 60 days or so we’ll close."

Tuesday Jacoby spoke to the Zanesville Rotary Club on the history or Port Authority and where they believe opportunities rest in the oil and gas industry.

"We think there is also opportunity for some industries that follow along with that, steel industry, plastics industry, industries that are tied to the oil and gas industry," expressed Jacoby.

The agreement calls for a 60-day due diligence period before closing. Jacoby said once the deal closes Halliburton will be the third Fortune 500 Company located in the EastPointe Business Park. The project is said to create 300 jobs in the area averaging a 16-dollar an hour wage.