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 Sands on Wall Street
Officials with Superior Silica Sands, a company doing business in Barron County, helped ring the closing bell on Aug. 27 at the New York Stock Exchange. They included Rick Shearer, third from left, president and Chief Executive Officer, and Jim Walker, far left, director of operations for the company’s properties near New Auburn and in the towns of Arland and Clinton. Superior Silica Sands is owned by Texas-based Insight Equity, a venture capital firm. Officials with that company attended the bell-ringing, including Ted Beneski, CEO of Insight Equities and Chairman of Emerge Energy Services, parent company for Superior Silica Sands, and Victor Vescovo, far right, Chief Operating Officer for Insight Equity.
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