Kilgore, TX –The Kilgore Economic Development Corporation board of directors approved an economic development performance agreement with Cudd Pumping Services, Inc. Tuesday at KEDC’s regular monthly meeting.
The company is consolidating its regional offices in Kilgore, investing $20,000,000 in new equipment, retaining 100 jobs and creating 50 full-time positions. KEDC is willing to grant the company up to $200,000.00 over four years as well as $2,300.00 per job created to a maximum of $115,000.00.
“It is our privilege to support a Kilgore company that is expanding,” said KEDC Board President Bobby Beane. “This company’s growth is extremely important to our economy’s health.”
Cudd offers a broad range of technical and specialized oilfield services to companies engaged in the exploration and production of oil and natural gas worldwide.