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.
Superior Silica Sands Announces Acquisition of Self Suspending Proppants Patents and Intellectual Property
Fort Worth, Texas – January 11, 2015 – Superior Silica Sands LLC (“Superior”) a subsidiary of Emerge Energy Services (NYSE:EMES) is pleased to announce the acquisition of 12 Patents and the Intellectual Property from AquaSmart Enterprises LLC (“AquaSmart”) for their Self Suspending Proppant technology. Superior’s branding of this technology will be established as a “Self-Suspending Sand” or “SSS”. The product brand will be marketed as SandMaxx(™). This exciting new technology in the energy services industry offers the potential to significantly increase productivity and completion efficiencies in oil and gas wells while improving pump time and well site economics by increased uplift of an expected 25-45%.
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