In a joint news release, Gov. John Bel Edwards and Bagwell Energy Services CEO Rodger Bagwell announced the company will create 150 new jobs in the next five years and make a $2.5 million capital investment at its Port of Delcambre fabrication center in Iberia Parish.
Bagwell Energy Services is situated on the Iberia Parish side of the Port of Delcambre. Bagwell Energy is expanding its services to the chemical manufacturing and liquefied natural gas processing industries, as well as serving its offshore and onshore oil and gas customers.
The expansion project is a $2.5 million capital investment that will add industrial equipment and vessels, install new bridge cranes, and build a 15,000-square-foot addition to its fabrication center and a 4,000-square-foot addition to its painting-and-blasting facility. The project will retain 46 existing jobs while creating 150 new direct jobs with an average annual salary of $74,000, plus benefits. In addition, Louisiana Economic Development estimates the project will result in 240 new indirect jobs, for a total of 390 new jobs in Acadiana and surrounding regions.
“As we see positive signs of recovery for Louisiana’s offshore exploration and production in the Gulf of Mexico, and reinvigoration of Haynesville Shale activity in North Louisiana, this expansion by Bagwell Energy Services emphasizes the great leadership, ingenuity, and talent possessed by our native oilfield and industrial services companies,” Gov. Edwards said. “We’re excited for Delcambre and for Iberia and Vermilion parishes that this expansion will bring more high-quality jobs to our coastal oil and gas industry and more support for our growing onshore industrial projects.”