U.S. Silica Acquires Mississippi Sand, LLC.
The plant, located in
Mississippi Sand's distribution network is composed of five barge terminals and three rail terminals, two of which are unit train-capable, with a combined annual throughput of 2.2 million tons. The terminals serve many of the top basins, including the Mid-Continent, Marcellus/
The acquisition also includes an approximately one million ton-per-year dry plant located near
"We're very pleased with the addition of this new low-cost facility with high quality reserves and flexible logistics, which we believe will greatly complement our product offerings from
Mississippi Sand's high quality products and efficient logistics have resulted in a strong customer base. The company currently has 5 long-term contracts in place with both Oil Field Service and Exploration and Production companies covering over 80% of their stated capacity. The bulk of the contracts are take-or-pay agreements and run through the beginning of 2020.
About
Vice President of Investor Relations and Corporate Communications
(301) 682-0304
lawsonm@ussilica.com
View original content with multimedia:http://www.prnewswire.com/news-releases/us-silica-acquires-mississippi-sand-llc-300505623.html
SOURCE