12 Jun, 2017, 16:15 ET. FREDERICK, Md., June 12, 2017 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that its Board of Directors has approved the construction of a new ...
Texas-based Atlas Energy Solutions announced a definitive agreement this week to acquire major frac sand producer Hi-Crush in a deal valued at $450 million. The acquisition will expand Atlas' production capacity and logistics capabilities, cementing its position as the largest integrated frac sand provider in the vital Permian Basin oilfields.
Additionally, as U.S. oil and gas exploration activity increases, the higher requirements for sand intensity, longer lateral lengths and more stages per well should increase annual frac sand demand by about 15% to 25%, the analysts said. Frac sand providers closest to the prolific basins are poised to see the most significant benefit.
Then, in about 2010, demand dramatically increased as oil and gas producers discovered the durable, crush-resistant material. Overnight, frac sand production became the new gold rush! Headquartered in Western Minnesota, Superior Industries was well-positioned to benefit. During the early days of the market's expansion, a majority of frac sand ...
Feb 15 (Reuters) - Alpine Silica Holding has confidentially filed to go public in the United States, parent company ProFrac Holding Corp said on Thursday. ProFrac's move to tap U.S. capital ...
Industrial & Specialty Plant. 2496 Hancock Road. Berkeley Springs, WV 25411. (800) 243-7500. Get Directions. Need Help?
Frac Sand. Frac sand is a high-purity quartz sand that is injected into wells to blast and hold open cracks in the shale rock layer during the fracking process. In the United States, frac sand is being mined intensively from sandstone deposits across large swaths of land in Wisconsin, Illinois, Minnesota, and Michigan.
The Ottawa facility became part of the U.S. Silica family in 1987, and succeeds in continually improving its processes, products and services, making them the leading producer of silica products, with an annual production rate of 2.2 million tons of silica annually. Since acquiring the facility, we renovated and upgraded its production ...
In the absence of definitive evidence on the potential risk from airborne silica at 1,500 meters, EWG recommends that air monitoring be conducted to determine …
Ground silica is also called silica flour or micronized silica. This product is used in numerous industries from oil, gas and fracking to medical and food. You can trust that our products are made with the utmost care, with quality monitored closely by our staff geologists. Performs well in deep, high-temperature, high-pressure oil wells
U.S. Silica Holdings Inc. announced net income of $31.6 million, or $0.40 per diluted share, for the fourth quarter ended Dec. 31, 2022. Those results compared with net income of $32.1 million, or $0.41 per diluted share, for the third quarter of 2022. Overall tons sold of 4.606 million for the fourth quarter of 2022
U.S. Silica is well-positioned to take advantage of the frac-sand demand boom, analysts say, as new drilling techniques require more silica to squeeze extra oil …
21 Follower s. Summary. The Permian Basin is rapidly shifting to horizontal drilling and larger fracs that are often 10 times or more sand intensive than before. As few as 400 …
So, if an estimated 42,734 new wells – each well requiring a minimum of 5,000 tonnes of silica sand – are needed to meet the anticipated demand for the planned expansion of natural gas that these new BC LNG facilities require, this means approximately 213.6 million tonnes of silica sand will be consumed by all these new …
Feb 27, 2024 6:00am EST. GAAP and adjusted EPS for the quarter of $0.37 and $0.28 per diluted share, respectively. Full year 2023 net income of $146.9 million increased 88% year-over-year. Full ...
Hi-Crush is an American company that produces and supplies monocrystalline sand for fracking. Continuing the trend of celebrating revenue, Hi-Crush recently released its Q3 financial results as ...
The first commercial application of fracking in the oil and gas Industry took place in Oklahoma and Texas during the 1940s, In 1949, over 300 wells, mostly vertical, were tracked (ALL Consulting, LLC, 2012; McGee, 2012; Veil, 2012) and used silica sand as a proppant (Fracline, 2011).
November 30, 2023. A pump jack and a Yellowjacket Oilfield Services fracking rig sit next to Highway 191 in Midland County. (Odessa American File Photo) Except for the oil and natural gas ...
2019 Frac Sand Demand Preview: It's a commodity product that sells for low costs per ton and doesn't take a whole lot of processing. The challenge for frack sand suppliers is getting that sand to fracking …
U.S. Silica Acquires Mississippi Sand, LLC. FREDERICK, Md., Aug. 16, 2017 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that it has acquired Mississippi Sand, LLC, a leading, low-cost frac sand mining and logistics company based in St. Louis, Mo. for $95.4 million in cash. The transaction closed earlier …
In 2Q2012, the average PXD Permian well consumed 1.4 million lbs of frac sand (mostly natural sand). By 2Q2014, the average climbed to 3.6 million lbs per well as horizontal drilling increased and ...
5263 Edmund Highway West U.S. Silica's Columbia plant is located in the "Sandhills" of the Carolinas. These "Sandhills" consist of high-grade silica that is perfect for filtration, frac and geothermal grout. 2496 Hancock Road Mining the Oriskany deposit along the Warm Springs Ridge for over 100 years.
The specialized silica sand, which consists of natural sand grains with strict mineralogical and textural properties, acts as a proppant (a granular substance that props open fractures) when added to fracking fluids that are injected into unconventional oil and gas wells during hydraulic fracturing.
A hydraulic fracturing job on one well can require a few thousand tons of sand. This surge of specialized drilling has created a billion-dollar frac sand industry in a very short time. Between 2005 and 2014, the amount of frac sand used by the oil and gas industry has increased dramatically. Millions of tons of frac sand are now used every year.
Not all silica sands can be used for hydrofracking. To meet the industry specifications, frac sand needs to be nearly pure quartz, very well rounded, and must meet tight size gradation standards. The sand must also have a high compressive strength, generally between 6,000 psi and 14,000 psi.
Distribution Services. With diverse sand supplies, trucking and well site storage options available, the frac sand marketplace is constantly evolving. Many E&Ps and service providers exhaust countless resources in searching for the best solutions available to increase efficiency, ensure surety of supply, and control costs. Our distribution ...
These performance gains will allow U.S. Silica to meet customer needs across a broader range of well applications when compared to raw sand. 701 Boyce Memorial Drive …