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Company Expands in Kilgore

The Kilgore Economic Development Corporation board of directors has approved an economic development performance agreement that represents an $8.07 million investment in Kilgore, the retention of 20 jobs and the creation of 18 new jobs.
 
Premier Pressure Pumping, LLC has agreed to invest $8,070,000 in an improvement of its Kilgore facility and new equipment and is adding up to 18 full-time employees over a period of four years.   In return, Kilgore Economic Development Corporation is reimbursing the company up to $300,000 in incentives. The company is located at 2310 Industrial in Kilgore.
 
‘It is exciting to approve this performance agreement,’ said KEDC President Pat Nault. ‘The company will have a tremendous impact on Kilgore, and we look forward to watching it grow,’
 
Economic Impact Over 10 Years
Incentive
$300,000
Number of New Jobs
18 at an average of $55,000/year
Indirect and Induced Jobs
11.5 at an average of $32,000/year
Number of Retained Jobs 20
Direct and Indirect Economic Output
$87.3 million
Taxable Sales
$64.3 million
 
About Premier Pressure Pumping: Premier Pressure Pumping is focused on delivering high-quality, custom-designed well stimulation services that enable customers to maximize the recovery potential of their oil and natural gas reservoirs. Premier provides fracturing, acidizing and related stimulation treatments for our customers utilizing a custom fleet of equipment that is fit-for-purpose for the regions in which we operate.
 
About KEDC: KEDC is an organization focused on growing the Kilgore economy and funded by a dedicated sales tax approved by voters. In the last five years KEDC staff worked projects that represent almost $55 million investment and more than 2000 jobs. It is directed by a five-person board and managed by a staff of four with certifications in economic and community development, business retention and expansion, and economic development finance.  KEDC has won international awards for excellence in economic development.