Domestic crude oil production increased 1.0 million bbl/d – rising more than the combined increases in the rest of the world – to reach its highest level in 24 years. This increase marked the largest observed annual increase in U.S. history.
Emerge Energy Services LP Announces the Opening of a New Terminal in the Permian Basin
Fort Worth, Texas – July 27, 2017 – Superior Silica Sands LLC, a subsidiary of Emerge Energy Services LP (“Emerge Energy”), is pleased to announce that its new transload terminal in Big Lake, Texas has commenced operations effective the week of July 24th. With the surge in frac sand demand in the Permian Basin, the Big Lake terminal enhances Emerge Energy’s sales and logistics position in the largest US shale play. Including the Big Lake terminal, Emerge Energy now has six active terminals in the Permian Basin and 19 across North America.
In order to provide flexibility and minimize capital costs, Emerge Energy contracted with a third party transload provider to build the facility exclusively for its use. Tidewater Logistics, a leading provider of rail-to-truck frac sand terminals, owns and operates the facility while offering service 24/7 to meet the needs of Emerge Energy’s customers. Situated on 98 acres of property, the terminal is strategically located on the Texas Pacifico railroad, which connects with the Burlington Northern Santa Fe, Kansas City Southern, Union Pacific, and Fort Worth and Western Railroads. Over four miles of rail track provides simultaneous unloading of two unit trains, holding 240 total railcars.
“We are excited about expanding our terminal footprint in the most prolific shale basin in the US through the Big Lake terminal,” commented Rick Shearer, Chief Executive Officer of the general partner of Emerge Energy. “We continue to see strong demand for our northern white sands in the Permian Basin, and this new terminal nicely complements our growing presence in Texas in-basin sands from our San Antonio and Kosse plants. Sales through the Big Lake terminal are underpinned by long term take-or-pay agreements with our customer base, and this new site enables our customers to significantly improve their supply chains in the region.”
About Emerge Energy Services LP
Emerge Energy Services LP (NYSE: EMES) is a growth-oriented limited partnership engaged in the business of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells, through its subsidiary Superior Silica Sands LLC.
The presentation contains certain statements that are “forward-looking statements.” These statements can be identified by the use of forward-looking terminology including “may,” “believe,” “will,” “expect,” “anticipate,” or “estimate.” These forward-looking statements involve risks and uncertainties, and there can be no assurance that actual results will not differ materially from those expected by management of Emerge Energy. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Emerge Energy’s Annual Report on Form 10-K filed with the SEC. The risk factors and other factors noted in the Annual Report could cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.