Drilling fluids company holds grand opening in Katy

Newpark Drilling Fluids held the grand opening for its $33 million headquarters and technology center in Katy on Wednesday.

The company, a 16-year-old subsidiary of The Woodlands-based Newpark Resources, offers fluids for onshore and offshore drilling. The new 11-acre complex consolidates Newpark’s 140 employees and houses labs for developing new drilling fluids and training customers and staff.

“The creation of Newpark Technology Center is a landmark in the history of our company,” said President Bruce Smith in a written statement. “This facility unites our technical staff and administrative staff under one roof and enables us to continue making technological breakthroughs with global effects.”

The building is located at 21920 Merchants Way, just north of Interstate 10.