Featured Partnerships
Weir Oil & Gas, Local Officials Celebrate
In 2017, the MDC entered into an economic development agreement with The Weir Group’s oil & gas division. Weir already had a presence in the Permian Basin, providing products and services that support oil well drilling, completion, and production. Because of Midland’s strategic importance in the Permian Basin, Weir wanted to expand its capacity. This presented the opportunity to partner with the Midland Development Corporation to achieve a complementary set of goals that have increased employment and economic activity in Midland.
With the purchase of 20 acres with frontage on Interstate 20, Weir is now the first tenant of MDC’s David Mims Business Park. The new Midland service center had its grand opening in 2019, revealing the 92,000 square-foot facility, and adding more than $30 million in capital and personal property to Midland’s tax base, along with more than $11 million in annualized payroll and benefits.