Devon paid $961,500 in June this year for the 8.5 acres which is adjacent to the state fairgrounds. Nearby, NorthCare continues to build it's expansive campus and ASTEC school is planning a large campus of their own.
Currently, the company out-sources all of it's core analysis work and will be moving a significant amount of that work in-house when the new facility is completed.
Energy companies take deep core samples from acreage to help determine the likelihood of finding oil and/or natural gas. The cores are expensive to draw from the land and are usually kept for long periods of time after the initial analysis is performed.
Devon's new facility will consist of office space, a low-hazard lab and storage warehouse. It will require new employees of an undetermined number.
