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:

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