Announced
Synopsis
ProFrac, an energy services company, agreed to acquire Eagle Ford sand mine from Monarch Silica, a mining company. Financial terms are not disclosed. "We are pleased to add the Monarch mine to the growing portfolio of in-basin sand mines we operate through Alpine Silica. This transaction further demonstrates ProFrac's commitment to its vertical integration strategy, providing the Company with access to high-quality, local proppant in the Eagle Ford, where we currently operate 8 active fleets. With Monarch's production capacity expected to expand to nearly 4m tons per year by Q1 2023, ProFrac will be well positioned to bundle internally sourced proppant across our active fleets in the region," Matt Wilks, ProFrac Executive Chairman.
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