# Petrosmith to invest $25M expanding Abilene, Texas operations, creating 250 jobs

Petrosmith, an oil and gas production equipment manufacturer in Abilene, Texas, will invest $25 million over ten years to expand operations, creating 250 new jobs and retaining 415 existing jobs, supported by a $2.75 million DCOA incentive package.

- Type: Expansion
- Announced: 2023-12-07
- Where: Abilene, Texas, United States
- Value: $25.0M
- Jobs: 250
- Status: announced
- Products: oil and gas production equipment, oilfield production equipment

## Companies

- [Petrosmith](https://endata.com/companies/11328.md)
- [Development Corporation of Abilene](https://endata.com/companies/11329.md) (investor)

## Sources

- [developabilene.com](https://developabilene.com/2023/12/07/the-development-corporation-of-abilene-announces-petrosmiths-25-million-investment-to-expand-operations-in-abilene-texas/), 2023-12-07: "Over the next ten years, the company will invest $25 million in this expansion project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.