Fairmount

Fracture sand king Fairmount Santrol said Monday it has secured a 40-year lease for 3,250 acres of reserves in the Permian Basin near Kermit, TX, with a 165 million ton mining facility that would be able to produce about 3 million tons/year.

Fairmount Santrol, which provides sand used in hydraulic fracturing operations, said its proppant operations remained challenged in the second quarter, hampered by a substantial sequential decrease in U.S. rig activity. However, market conditions are improving, the company’s CEO said.

Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.

Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.

A Texas-based proppant manufacturer for the hydraulic fracturing (fracking) sector said tests of a technology in the Bakken Shale in North Dakota resulted in a 39% production increase over a 90-day test period.

Sugar Land, TX-based Santrol, a Fairmount Minerals company, now has five Eagle Ford Shale rail terminals to handle proppant used for hydraulic fracturing in the Eagle Ford Shale of South Texas. By expanding to five Eagle Ford terminals, Santrol can ship more than one million tons of proppant per year throughout the formation, the company said. The terminals are supplying Santrol’s northern white frack sand and resin-coated proppants. “We have more terminals with more available rail car capacity than any other frack sand supplier in the region,” said Tom Bonno, Santrol terminal field service manager. The five terminals are located in: Alice, where there are two, Gardendale, Gonzales and San Antonio. All of the terminals operate 24 hours a day, seven days a week.