Iron Oak Energy expands Permian footprint with High Roller Sand acquisition

Iron Oak Energy Solutions has expanded its Permian Basin footprint done the acquisition of High Roller Sand.

High Roller operates a premier installation successful Winkler County, Texas, known for its high-quality soil reserves.

This acquisition aligns with Iron Oak Energy's strategy to heighten its work capabilities successful the Midland and Delaware Basins.

The Permian Basin, accounting for much than fractional of US proppant demand, is experiencing maturation owed to accrued proppant strength and longer lateral wells.

High Roller's facility, strategically located, produces up to 4 cardinal tonnes per annum (mtpa) of proppant for determination lipid and state operators.

Iron Oak Energy CEO and president Michael Segura said: "As starring operators proceed to consolidate successful the Permian Basin, the summation of High Roller increases our proviso capabilities and enhances our web to amended service the increasing needs of our customers.

"This acquisition aligns with our disciplined maturation program to grow done additions of precocious prime and low-cost facilities that grow our scope and capabilities. Customers of some companies volition payment from our accrued proviso reliability and broader entree to an expanded web of in-basin soil resources."

With this acquisition, Iron Oak Energy present operates 5 large-scale facilities successful the Permian Basin including 4 successful Winkler County and 1 successful Crane County, Texas.

Beyond the Permian, Iron Oak Energy has 2 in-basin facilities successful the Eagle Ford Shale and 2 bluish achromatic soil facilities successful Illinois and Wisconsin.

The bluish achromatic soil assets are integrated into Class 1 railroad systems, facilitating businesslike merchandise transportation crossed North America.

Post-acquisition, Iron Oak Energy's full yearly accumulation capableness volition summation to 34 cardinal tonnes, reinforcing its presumption arsenic a starring proppant producer.

High Roller enforcement vice-president Dave Frattaroli said: "We are excited to articulation the Iron Oak Energy squad and look guardant to providing our customers with much extended options for a unafraid proviso concatenation and providing our employees with diversified vocation maturation opportunities."

"Iron Oak Energy expands Permian footprint with High Roller Sand acquisition" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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