Today City Council, on second reading, approved the annexation of the property located at 3445 Marksheffel Road which is home to one of the largest global providers of products and services for the oil and gas industries, Weatherford International. Weatherford sought the annexation to enable Colorado Springs Utilities to provide new and upgraded utility service necessitated by an expansion of its existing facility. The annexation will further enhance Weatherford’s expansion and the hiring of 84 manufacturing employees.
“We are grateful to Weatherford for making this investment in our community and for adding 84 quality manufacturing jobs to the city. This is a great example of collaboration among Weatherford, Colorado Springs Utilities, City Planning, City Economic Vitality, City Planning Commission, and City Council," said Mayor Steve Bach.
Headquartered in Switzerland, Weatherford International is one of the largest global providers of products and services that span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells. It operates in more than 100 countries across the globe and employs more than 58,000 people. Weatherford International has operated in the Pikes Peak region since 2001 to manufacture piping to serve the oil and gas industry.