Silica Sand Companies

Silica Sand Market

June 2023 – A prominent ESG company, Cavitation Technologies, Inc., which manufactures and designs ground-breaking flow-through nano-technology systems for fluid processing applications across the globe, is happy to disclose that it has enlisted into a Letter of Intent to gain Eagle Ford Silica Sand, LLC, former Proppant Tech LLC, at a price of around USD20 million, which CTi predicts investment via equity and debt financing.

October 2023 – ProFrac Holding Corp., on October 2nd, discloses that it is assessing planned options to optimize and execute the full value of its Proppant Production segment, which functions via its wholly-owned Alpine Silica subsidiary. A range of choices is under planned review, such as a public offering, a sale or merger of Alpine Silica, and a potential recapitalization. The Chief Executive Officer, Ladd Wilks, said that Vertical integration has always been part of the company's vision for ProFrac, which they believe offers an extraordinary competitive advantage. He further added that Alpine Silica is a crucial element to this approach, and that will continue as the company looks at the right strategic option – one that the organization believes will take advantage of its vertical integration while improving its commercial capabilities for unaffiliated customers. The Executive Chairman, Matt Wilks, said that after their latest acquisitions, Alpine Silica is now the biggest proppant maker in the industry with a multi-basin footprint. Alpine Silica has entered several desirable long-term proppant supply contracts with unaffiliated consumers raging into 2024. As the company continues to grow its contract position, the company believes that Alpine Silica can back a dissimilar leverage profile and a substantially lesser cost of capital as compared to the rest of ProFrac, yielding a higher estimate reflective of different business drivers.