Superior Silica Sands Announces Acquisition of Self Suspending Proppants Patents and Intellectual Property
Fort Worth, Texas - January 11, 2015 - Superior Silica Sands LLC ("Superior") a subsidiary of Emerge Energy Services (NYSE: EMES) is pleased to announce the acquisition of 12 Patents and the Intellectual Property from AquaSmart Enterprises LLC ("AquaSmart") for their Self Suspending Proppant technology. Superior's branding of this technology will be established as a "Self-Suspending Sand" or "SSS". The product brand will be marketed as SandMaxx(TM). This exciting new technology in the energy services industry offers the potential to significantly increase productivity and completion efficiencies in oil and gas wells while improving pump time and well site economics by increased uplift of an expected 25-45%.
SSS utilizes the only patented polymer coating system designed for application to sand substrate so that when mixed with water for hydraulic fracturing, the coating material suspends proppant in the frac fluid. This property significantly slows the proppant's settling rate in the frac fluid and also enables the proppant to transport further into reservoir fissures downhole, potentially releasing a higher amount of hydrocarbons compared to traditional raw frac sand pumped jobs. Additionally, the proppant's enhanced design is expected to reduce customers' water, chemical, and maintenance costs as well as lower pumping intensity is needed to stimulate oil and gas wells with SSS.
Superior has recently completed the construction of a pilot plant facility to produce in excess of 175,000 tons/year of SSS product. The facility will use the proprietary and patented technology to coat all grades of standard frac sand. Shipments will be made in January 2016 for planned field trials of the SSS product. Expansion plans for a commercial coating plant are in the developmental stage and projected to be online Q3 2016.
"We are continuing to pursue our stated strategy of developing technologically-driven proppant products through our SandMaxx(TM) technology with the purchased patents and IP from AquaSmart," stated Rick Shearer, President and CEO of Superior Silica Sands. "We believe that this product has the potential to dramatically improve our customers' yields while also delivering cost savings in other service areas. Superior Silica Sands is committed to further research and development of the technology with the goal of completing successful field trials in the major basins in 2016. We look forward to the vast opportunities that lie ahead with this important project."
About Emerge Energy Services LP
Emerge Energy Services LP (NYSE: EMES) is a growth-oriented limited partnership engaged in the business of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells. Emerge Energy also processes transmix, distributes refined motor fuels, operates bulk motor fuel storage terminals, and provides complementary fuel services. Emerge Energy operates its sand segment through its subsidiary Superior Silica Sands LLC and its fuel segment through its subsidiaries Direct Fuels LLC and Allied Energy Company LLC.
About AquaSmart Enterprises, LLC
AquaSmart Enterprises, LLC is an advanced technology company with a number of patented processes that when used in conjunction with certain products produce unique water retention, water savings and other benefits through engineered performance. Specifically the patented processes relate to using polymers and other materials to coat a variety of substrates such as silica sand, hydraulic fracturing sand, cement and mortar sand, grass seed, agricultural seed, fertilizers, and certain other agricultural and turf products.
This release contains certain statements that are "forward-looking statements." These statements can be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," or "estimate." These forward-looking statements involve risks and uncertainties, and there can be no assurance that actual results will not differ materially from those expected by management of Emerge Energy Services LP. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Emerge Energy's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. The risk factors and other factors noted in the Annual Report and Quarterly Reports could cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy Services LP does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.
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Source: Emerge Energy Services LP via Globenewswire