ProFrac completed the acquisition of Performance Proppants for $475m.

ProFrac, an energy services company, completed the acquisition of Performance Proppants, an in-basin proppant producer, for $475m. "This transaction greatly enhances ProFrac's vertical integration strategy and demonstrates our commitment to the Haynesville, which we believe is a significant source of long-term opportunity. Additionally, it makes the Company the largest provider of in-basin sand in North America. With four mines totaling 10.4m tons per year of high-quality proppant production capacity serving the core of the Haynesville, ProFrac will be well positioned to secure supply for our fleets, enhance fleet utilization and add additional value to our customers," Ladd Wilks, ProFrac CEO.