Cisco glamor: FTS opens corporate doors Cisco glamor: FTS opens corporate doors https://www.recenter.tamu.edu/news/newstalk-texas/?Item=62922013-09-23T14:01:00Z2013-09-19T00:00:00Z

CISCO, EASTLAND COUNTY - FTS International (FTS) has opened its new 57,468 sf corporate office building at 301 E. 18th St. The estimated cost of construction is $3.48 million, according to state filings.

The new office will house the company’s accounting, corporate travel, building maintenance, facility construction, heavy equipment purchasing, human resources, information technology, legal department and security.

The original 100,000-sf manufacturing location and a 60,000-sf distribution center, which opened in July 2012 at 301 E. 18th St., also sit on the 23-acre parcel housing the office. All material and manufactured items from the company comes out of the Cisco distribution center.

FTS International, formerly Frac Tech, is a provider of well completion services, including pressure pumping and wireline, for the oil and gas industry. The company has a corporate office in Fort Worth, large district operations offices in Odessa and Aledo and satellite operations in Ozona.

Cisco, according to the Census Bureau, has a population of 3,689 — Eastland County, 18,633. FTSI and the Eastland County Appraisal District report the following economic effect of the company on Eastland County:

  • $7.2 million: annual payroll for 127 Cisco-based employees
  • $3.6 million: total combined property taxes paid (Cisco, Eastland County and schools)
  • $300,000: vehicle registration fees paid to Eastland County the past year
  • $3 million: payments to Cisco /Eastland County vendors over the past 12 months
  • $9.3 million: 2013 assessed values of FTSI facilities in Cisco.

2012 taxes paid made up 45 percent of the tax base for the city, 40 percent for Cisco ISD, 47 percent for Cisco College and 10 percent for Eastland County.

Cisco brothers Dan and Farris Wilks started Frac Tech in 2002. The company catapulted in size and value by offering hydraulic fracturing services to the oil and gas industry.

The brothers sold their 70 percent interest in the company for roughly $3.5 billion, putting the founding brothers 312th on Forbes 2011 ranking of wealthiest Americans.

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Abilene Reporter-News
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