Halliburton purchasing land near city
Published June 10, 2013 10:50am by
The Terry County Commissioners Court this morning approved the first in a series of steps to develop land north of Brownfield to bolster the retention and possible expansion of one of the city’s largest employers.
Hogue Industrial Park, a 900-acre tract of farm land fronting the railroad tracks on the Lubbock Highway just north of the city limits, could soon have its first tenant -- and it’s a big one.
Halliburton is currently in negotiations with the Brownfield Industrial Development Corp. and several taxing entities for incentives and abatements to move from its current location on the southwest side of town to a 100-acre site in the southeast corner of the new industrial park.
Details of the oil services company’s plans remain confidential, but BIDCorp. executive director David Partlow told the Brownfield News following the Monday morning meeting that his organization has been working with Halliburton and land owner Brent Hogue for seven months.
"What the commissioners did this morning by designating the reinvestment zone was a major step in the right direction for Brownfield and Terry County and our relationship with Halliburton,” he said. "We have been working with Halliburton since last November in hopes they will expand their current operations in Brownfield. Part of an incentive package we are putting together includes designating the land they are considering purchasing as a reinvestment zone.”
Partlow said the land purchase is under contract and should close in about a month.
The BIDCorp. director said negotiations are ongoing to keep the worldwide oil field giant firmly rooted in Brownfield, but he cited a confidentiality agreement with the company in avoiding specifics on the size and scope of what is planned.
"The details are currently being discussed and it would be improper to comment further until the deal is finalized,” he said. "But I can say that we believe we are putting a very aggressive incentive package together. We know other cities would love to land this expansion of Halliburton. We are doing everything we can to ensure they stay here.”
Partlow said the confidentiality agreement prevents all parties involved from disclosing either the size of an incentive package or how large an investment Halliburton has planned for the Brownfield location.
"If the deal is finalized, Halliburton will make the announcement of their investment and BIDCorp. will announce what incentives were offered to them,” he said. "This is a fluid process and it involves numerous entities so it can take longer than we’d like, but that’s the nature of the business. Any incentives have to be voted on by each of the participating taxing entities and those will be discussed in upcoming public board meetings of each of those groups.”
Partlow added that BIDCorp has been in close contact with Halliburton since an initial phone call last year, but numerous people have contributed to the effort to maintain the company’s presence in Brownfield.
"This has been a team effort,” he said. "Without the participation of everyone, this project would not happen. There is no ‘me’ in this deal. It has truly been ‘us’ all along. Everyone that I have worked with is bending over backwards to be cooperative and they are also contributing valuable ideas to make this happen. Brownfield is being as aggressive as we can be.”
A public hearing drew no comments Monday morning during the Commissioners Court session in the Terry County Annex.
The commissioners approved the reinvestment zone with a unanimous vote.
The Brownfield Regional Medical Center board of directors will consider the same action item at its meeting June 17.
Other local boards will do so when they convene in regular session.