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 Receives New Air Permit for San Antonio Plant
Fort Worth, Texas – September 4, 2018 – Emerge Energy Services LP today announced that its subsidiary Superior Silica Sands LLC has received its New Source Review (“NSR”) permit for the San Antonio in-basin frac sand operation. The NSR permit increases the amount of allowed air emissions for processing frac sand, providing a clear path for the San Antonio plant to reach its targeted annual capacity of 4 million tons per year, which we expect to occur by the beginning of the fourth quarter.
Additionally, the new San Antonio dry plant began producing and shipping sand from the second processing line last week. The plant is now quickly ramping up production on this second dryer line, while construction to upgrade the plant to the ultimate 4 million tons per year capacity has also been initiated. This final portion of the construction project should be completed by the end of September, and the total projected construction budget for the entire San Antonio plant remains under $65 million.
“Obtaining the NSR permit marks a critical step to finishing the year strong,” noted Rick Shearer, Chief Executive Officer of the general partner of Emerge Energy. “Demand for our in-basin product remains robust, and we expect to sell out the plant’s entire 4 million tons of annual capacity beginning in the fourth quarter once we finish the minor equipment upgrades. We are proud to be one of the first movers for in-basin sand in the Eagle Ford basin, and we are very excited about expanding our capabilities to serve our customers in this growing shale play.”
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.
This release 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 Services LP. 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 Services LP does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.