Dresser Industries/Magcobar/ Heliport

The primary reason for the closure was corporate consolidation and resulting economic redundancy. In 1998, the heliport's parent company, Dresser Industries, was acquired by Halliburton. Halliburton had its own extensive logistics and aviation infrastructure for servicing the Gulf of Mexico. The Magcobar heliport was likely deemed surplus to requirements during the post-merger integration of the two companies' operations.

The site of the former heliport has been completely redeveloped and repurposed. The coordinates now point to the location of the Port of Galveston's Cruise Terminal 10 and its extensive surrounding parking and vehicle staging areas on Pelican Island. There are no visible remnants of the original heliport facility.

The Dresser Industries/Magcobar Heliport was a private corporate aviation facility that played a significant role in supporting the offshore oil and gas industry. Operated by Magcobar, a major brand in drilling fluids and a division of Dresser Industries, the heliport was a vital logistical link to the Gulf of Mexico. Its primary operations involved ferrying personnel (engineers, technicians, crew), time-sensitive supplies, and light cargo to and from offshore drilling rigs and production platforms. The heliport is a historical marker of Galveston's importance as a support base for the energy sector during the oil boom of the late 20th century.

There are no plans or prospects for reopening the heliport. The land has been permanently and completely redeveloped for the maritime cruise industry, making a revival of the aviation facility at its original location impossible.