Chesapeake affiliate to move headquarters;
More than 300 employees to be based in El Reno
EL RENO, OKLAHOMA, DECEMBER 7, 2012 – Performance Technologies L.L.C., an affiliate of Chesapeake Energy Corporation (NYSE:CHK), today announced the opening of its new El Reno facility at the southeast corner of Radio Road and I-40. The more than 70,000-square-foot facility will function as the new corporate headquarters for the pressure pumping service business. Set to open in the first quarter of 2013, the office, maintenance shop and warehouse space will serve as a hub for more than 300 Performance Technologies employees based in El Reno.
“As our company grows, so does our investment in El Reno,” said Bill Stanger, Performance Technologies President. “We are proud to celebrate our first-year anniversary by building this new office and bringing even more jobs to the city. Having our headquarters in El Reno positions the company to serve Chesapeake’s regional operations and prepares us for future development.”
Performance Technologies’ new facility was the site of a groundbreaking on Friday for the new Radio Road and I-40 interchange. Governor Mary Fallin, Secretary of Transportation Gary Ridley, El Reno City Manager Tony Rivera and Chesapeake CEO Aubrey McClendon gathered with legislative and community leaders to announce the infrastructure development, a successful public/private sector partnership. The building of the interchange, coupled with the introduction of the office, showcases the economic vitality brought to El Reno by the energy industry.
“El Reno is proud to serve as the new corporate headquarters for Performance Technologies,” said El Reno Mayor Matt White. “We credit high-caliber employees and a supportive business culture with recruiting so many new companies, including Performance Technologies, to the city. El Reno is quickly becoming the capital of the oilfield service sector, and we are grateful for the industry’s investment in our city.”
Performance Technologies recently celebrated the anniversary of its first completion job, signifying the company’s first year in business. The company provides pressure pumping services for natural gas and oil well stimulation treatments to improve the production of wells. It specializes in new and developing unconventional fields and currently focuses operations in Oklahoma and Texas. The company plans to expand soon to provide services in other developing oil and gas plays within the United States.
For more information on Performance Technologies, visit www.performancetech.com.
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Services, L.L.C. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.