More than 100 new jobs could be coming to eastern Kentucky.
County officials say Chesapeake Energy is opening a new facility in a Martin County Industrial Park that serves five counties in the Big Sandy region.
Officials say the hiring process could begin as early as September.
Chesapeake Energy officials won't confirm the deal, but local Big Sandy Area Development officials say they hammered out a deal Wednesday morning that needs final approval.
In the plan, Chesapeake's Prestonsburg, Inez, and Kermit, West Virginia offices will consolidate into a new building in the honey branch industrial park and then the company will expand and hire more people.
“This is a big shot in the arm for this area,” R.D. Doc Marshall, Floyd County Judge Executive said.
Local officials say this is a perfect deal.
They say Chesapeake Energy wanted a bigger office space and they needed more tenants in the Honey Branch Business Park so the two reached an agreement.
Big Sandy Area Development managers say Chesapeake plans to consolidate three existing offices and also expand their business.
This will bring 60 to 70 new office jobs and 55 field personnel jobs with potential for more in the future.
Big Sandy officials say Chesapeake could break ground in September and with Halliburton already on the way, local officials believe the economy is on the upswing.
Chesapeake Energy officials wouldn't confirm the deal, but say they hope to have an announcement in a few weeks, so right now we don't know when they will start hiring people, but will pass that along when we know.