Wednesday, October 21, 2009

New Proppant Plant in Webster Parish

The Shreveport Times reported today about the development of a facility for the manufacture of proppant to be used in horizontal drilling. The company, Patriot Proppant, is a start up that will base its operations at the site in the South Webster Industrial Park. The company expects the product to be used in the Haynesville Shale as well as other drilling operations across the country.

While the company's financial investment in the site was not disclosed, it is estimated to be in the tens of millions of dollars. The facility will employ 30 skilled employees drawn from the local area and will have a payroll of approximately $1.3 million.

This is a good example of economic development related to the Haynesville Shale.

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