Houston-based oil-and-gas company setting up shop in Youngstown

April 30, 2012 at 4:38p.m.

YOUNGSTOWN — A Houston-based oil-and-gas company has purchased property in the city.

Weatherford subsidiary, Weatherford Artificial Lift Systems, Inc., purchased two parcels at 1100 Performance Place on Poland Avenue from STAG III Youngstown LLC for $3.4 million.

Sarah Boyarko, vice president for economic development retention and expansion for the Youngstown/Warren Regional Chamber said the chamber has known that Weatherford was looking to come to the area.