Sand: Hi-Crush Partners to acquire Permian Basin Sand. Over at Aggman:
- Permian Basin Sand Co; a 1,226-acre sand reserve with more than 55 million tons of sand
- $275 million
- largest acquisition ever for Hi-Crush
- $275 million / 55 million tons = $5 / ton; retail $25 - $35 / ton
- 55 million tons x 2000 lbs/ton = 110,000 million lbs / 10 million lbs (per frack) = 11,000 wells; at 5 million lbs/frack, 22,000 wells
- will provide frack sand for drilling activity in West Texas
- Hi-Crush has already sold out of sand in the first quarter of 2017 because of increased fracking activity
- most of Hi-Crush: prior to acquisition, most of its existing sand reserves are Northern White sand from Wisconsin
- Google: Hi-Crush on the blog; quite interesting
Wednesday, March 1, 2017
Fracking Sand: Hi-Crush Acquires Permian Basin Sand -- March 1, 2017
This was posted earlier as part of long post, but this deserves its own post. Note how many wells can be fracked with this amount of sand:
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