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.
Small Firm Strikes It Rich With Fracking Sand
A small Texas investment firm has discovered a gold mine in a pile of Wisconsin sand. Insight Equity Holdings LLC, a private-equity firm based in Southlake, Texas, manages $1.3 billion and has fewer than 20 investment specialists. The firm has scored about $500 million of gains for investors in 12 years of small-scale buyouts in various industries, a respectable figure but not enough to gain much recognition in Texas, let alone on…
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