Wednesday, July 21, 2010

Talisman Energy of Canada Cuts Ribbon on U.S. Headquarters Marking $1 Billion Investment in Region

Calgary-based Talisman Energy Wednesday cut the ribbon on its new U.S. Shale Headquarters in Warrendale, marking the most visible element of its $1 billion investment this year in the Pittsburgh region.

Go to Talisman websiteCalling Pittsburgh the "ideal location" for the company's U.S. base of operations, thanks to its close proximity to the vast Marcellus Shale deposits, Talisman USA officials led tours of its 52,000-square-office office facility, which includes engineering, legal and sales facilities.

About 80 people are currently employed at the headquarters, and that number will grow to about 140 by the end of the year, the company said, adding that 200 people could work in the building within three years.

Talisman operates 10 drilling operations in Pennsylvania, and said it expects to extract 300 million cubic feet in the state by the end of the year. That makes it one of the state's largest shale gas producers.

The Talisman facility was built with the help of about $720,000 in tax incentives and training funds from the Commonwealth of Pennsylvania, which state officials at the event said will be recouped in 2.5 years through corporate and individual income taxes.

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1 comment:

  1. I am surprised that the state gave up precious monies that it dosen't have to an industry that is poised to reap enormous benefits from PA's underground wealth. The extraction industries should be paying the citizens of PA a "privilege fee" in addition to a severance tax yet to be promulgated.