In 2012, the fracking revolution added $62 billion to federal and state government revenues and is expected to contribute more than $112 billion in 2020.
Superior Silica named Outstanding New Business
Superior Silica Sands was named the Outstanding New Business at the annual awards banquet for the Barron County Economic Development Corp. on Thursday, Sept. 26. Two Rice Lake businesses, Henry Wisconsin and American Excelsior, also received special recognition.Superior Silica was formed in 2008 when a private equity firm, Insight Equity, acquired a family owned sand mining operation in central Texas. Since then the growth of the company has been unprecedented, now comprising the fourth largest frac sand supplier in the nation. It entered Barron County in 2011 with the construction of a sand processing plant at New Auburn. Over the next year it added two sand mines and a second, larger plant in the Town of Clinton, near Poskin. That Clinton project included collaboration with Canadian National Railroad to rebuild 38 miles of rail line through the heart of Barron County.
The revived rail service is expected to lead to opportunities for other businesses. Superior Silica now directly or indirectly employs more than 210 people in its Barron County operations. Its success has resulted in it becoming the lead business in a recent public stock offering on the New York Stock Exchange under the name Emerge Energy Services. In addition to sand for hydraulic fracturing in oil and gas wells, the company produces sand for foundries, golf courses and construction uses. Henry Wisconsin received the Outstanding Growth Award.
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