08 Oct

Silica Sand Supply Agreement

DALLAS–(BUSINESS WIRE) –Sep 11, 2018– Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer”) and U.S. Silica Holdings, Inc. (NYSE: SLCA) (“U.S. Silica”) announced today that the companies have entered into a long-term sand supply agreement where pioneer will acquire an interest in U.S. Silica`s sand reserves at its Lamesa mine in Texas, in West Texas). This agreement guarantees a long-term supply of sand from the mine, with American silica processing and delivering sand to Pioneer for 15 years. According to Pioneer, the Lamesa mine is expected to produce about 6 million tons of 100-mesh, 40/70-mesh fine sand per year, with the first expected in the fourth quarter of 2018. Pioneer also expects to receive its first quantities of sand in the first quarter of 2019, with supply increasing from approximately 1.4 million tonnes in 2019 to 2 million tonnes in 2020 and beyond. Vancouver, BC – Select Sands Corp. By signing this agreement, the two companies are ensuring that white sand of 100 high-quality meshes is used to achieve production results aimed at successful exploration and production companies. We are very excited to announce this multi-year contract and look forward to starting delivering our sand in January 2020. We continue to focus on other potential opportunities in all basins for our high quality northern white sand.¬†“We are pleased to announce our agreement with the United States…

Share this