— 1.0 to 1.5 Million Tons Per Year Facility to Serve Growing Demand in SCOOP/STACK —
— Provides Update on West Texas Mine Expansion —
FORT WORTH, Texas, Oct. 10, 2018 (GLOBE NEWSWIRE) — Vista Proppants and Logistics, LLC(“Vista” or the “Company”), today announced the development of a 1.0 to 1.5 million tons per year (“TPY”) frac sand mine northeast of Fay, Oklahoma to serve customers primarily operating in the Mid-Continent region’s SCOOP and STACK oil and gas plays. The Company has completed the purchase of the 1,150-acre site, which is located on Highway 33 and has ready access to water, electricity and natural gas. Vista recently filed permit applications and will begin construction following permit approval.
Gary Humphreys, Vista Chief Executive Officer, commented, “Our development of an in-basin mine in the underserved SCOOP and STACK plays is the next step in Vista’s long-term strategy to provide customers a broader-based, truly differentiated mine-to-wellhead solution for their frac sand needs. We plan on producing both 100 mesh and 40/70 products with solid crush and other characteristics designed to best serve the growing need for in-basin sourced frac sand. Similar to our three other mines, we will utilize trucking and our strategic footprint of transload facilities to efficiently deliver product and better serve E&Ps and oilfield service companies operating in the region.”
Separately, the Company provided an update on the expansion of its West Texas mine facility (“West Texas”) located in Winkler County, Texas. Operations at West Texas commenced in March 2018 and the mine is operating at its initial capacity run rate of 3.0 million TPY. In August, the Company received its New Source Review (“NSR”) permit that allows for the expansion of production capacity by an additional 2.0 million TPY (“Phase 2 Expansion”). This will bring total production capacity for West Texas to 5.0 million TPY.
About Vista Proppants and Logistics
Vista is a leading in-basin provider of frac sand solutions for oil and gas well completions in the most active oil and gas regions of the United States, including the Permian Basin, Eagle Ford Shale and SCOOP/STACK. The Company offers leading E&P and oilfield service companies high-quality sand that is most in demand in these basins with the cost advantages of a regional provider. Through its vertically integrated logistics network of 12 transload terminals throughout Texas and Oklahoma, and fleet of approximately 100 “last-mile” transport vehicles, Vista’s customers benefit from its unique mine-to-wellhead frac sand supply chain solutions and assured security of supply.