Business Booms in Katy–$20 Million Construction Project Announced
PathFinder Energy Services, Inc., a Houston based company, has announced it has begun work on their new corporate location in Katy. The 34-acre site is located near the northwest corner of Colonial Parkway and the Grand Parkway on the north side of I-10. The site is adjacent to the 800,000 square-foot 99-Cents-Only warehouse.
This influx of PathFinder employees to the Katy area will be a boon to Katy real estate particularly to homes on the market.
According to The Houston Chronicle, “The firm anticipates spending more than $20 million on the technology center. Plans are to build a two-story facility and other buildings for a total of 225,000 square feet of space.”
Quoting PathFinder’s website, PathFinder is “one of a few companies worldwide that currently has the technological capability to offer a full complement of logging-while-drilling products and services.”
The Houston Chronicle continues, “PathFinder specializes in logging-while-drilling tools <that> provide real-time data about the physical properties of down-hole formations. In addition to indicating the possible presence of hydrocarbons, this data also assists in improving drilling performance.”
The new corporate location is anticipated to open in mid-2010. It will consolidate staff from several existing Houston-area PathFinder offices bringing real estate buyers to Katy.
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