SUMMIT — A Houston oil-field services company is locating a new facility in Summit that will warehouse and eventually manufacture drilling fluids for oil drillers in the Tuscaloosa Marine Shale formation.
Newpark Drilling Fluids officials say the project will create 40 new jobs.
Tuscaloosa Marine Shale formation is located in southwest Mississippi and central Louisiana.
The announcement was made yesterday by Gov. Phil Bryant and local and company officials.
Newpark Drilling Fluids is locating in the old Kellwood Building owned by Pike County. The company will use the town’s rail spur to bring in both tanker cars and boxcars with ingredients to manufacture drilling mud specifically designed for the TMS drilling.
The Mississippi Development Authority provided assistance for rail and roadway improvements. The town of Summit also provided assistance.