Preferred Sands Continues Construction and Hiring at Newest In-Basin Frac Sand Mine in Oklahoma

The Company is poised to be the largest provider of local in-basin sand in the United States as it expands to serve SCOOP, STACK and other Midcontinent formations

RADNOR, Pa.--()--Preferred Proppants, LLC (“Preferred Sands” or “Preferred” or the “Company”), one of North America’s leading manufacturers and providers of high-quality sand and innovative proppant technologies, today announced that construction is underway on an in-basin frac sand mine and facility in Oakwood, Oklahoma. The mine is expected to come online in the third quarter of 2018 and the Company is currently looking to fill approximately 100 positions including electricians, maintenance technicians, heavy equipment operators, loaders, utility hands, plant operators, loadout operators and more.

“We take pride in our superior products and customer service and are excited to partner with some of the largest oil and gas companies in the area as we continue our commitment to lowering costs and increasing production.”

Preferred Sands was one of the first to file permits for a sand mine to serve the prolific SCOOP, STACK and other Midcontinent formations, further positioning the Company as a first-mover toward in-basin sand. This announcement follows the recent opening of its mine in South Texas and expansion into West Texas.

“As a leader in the frac sand business, we will continue to pioneer our national in-basin sand strategy in the SCOOP and STACK plays of Oklahoma,” said Michael O’Neill, founder and CEO of Preferred Sands. “We take pride in our superior products and customer service and are excited to partner with some of the largest oil and gas companies in the area as we continue our commitment to lowering costs and increasing production.”

Conveniently straddling Dewey and Blaine Counties, the facility will be located within five miles of two currently active rigs and within 75 miles of most major activity in the region. The site has access to major roads, water and utilities, and consists primarily of 40/70 and 100 mesh high-quality local in-basin supply.

“This is a critical year for the frac sand industry, as sand usage is expected to increase significantly,” O’Neill said. “As we continue our record of innovation, it is our goal to drive down costs for our customers through our localization strategy, which is centered on value-enhancing production and becoming the lowest cost-landed-at-well (CLAW) provider in the areas where we operate.”

With in-basin sand mines open in South Texas and West Texas, the Company expects to grow by more than 9 million tons of in-basin capacity once Oklahoma is up and running. These facilities, along with Preferred’s legacy plants in Nebraska and Arizona, which are operating at or near effective capacity, allow the Company to service exploration & production and oilfield service companies conveniently and cost-efficiently throughout North America.

For more information about Preferred Sands, visit www.PreferredSands.com.

About Preferred Sands

With in-basin plants in South Texas, West Texas, and soon Oklahoma, as well as strategic regional plant locations in Arizona and Nebraska, Preferred Sands services exploration & production and oilfield service companies throughout North America. The company is continuously recognized for being environmentally responsible and its achievements in health and safety as an industry-leading operator.

Preferred Sands is also one of North America’s leading manufacturers and providers of high-quality and innovative proppant technologies. Preferred’s innovative proppant technology solutions include Preferred Polymeric Proppants, an advanced downhole coated proppant technology designed for maximum production efficiency; FloPRO PTT™, proppant transport technology designed for superior proppant distribution; and DustPRO™, a leading dust prevention technology designed to reduce airborne particles during all sand transfer points. These pioneering products have earned Preferred world-wide recognition as a leader in innovative and sustainable technologies throughout the oil and gas, chemical, and technology industries.

For more information about Preferred Sands, visit www.PreferredSands.com.

Contacts

Preferred Sands
Matt Goldstein, 484-385-2953
mgoldstein@briancom.com

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