Emerge Energy Services LP Receives New Air Permit for San Antonio Plant
04 Setembro 2018 - 7:30AM
Fort Worth, Texas
- September 4, 2018 - Emerge Energy Services LP today announced
that its subsidiary Superior Silica Sands LLC has received its New
Source Review ("NSR") permit for the San Antonio in-basin frac sand
operation. The NSR permit increases the amount of allowed air
emissions for processing frac sand, providing a clear path for the
San Antonio plant to reach its targeted annual capacity of 4
million tons per year, which we expect to occur by the beginning of
the fourth quarter.
Additionally, the new San Antonio
dry plant began producing and shipping sand from the second
processing line last week. The plant is now quickly ramping up
production on this second dryer line, while construction to upgrade
the plant to the ultimate 4 million tons per year capacity has also
been initiated. This final portion of the construction project
should be completed by the end of September, and the total
projected construction budget for the entire San Antonio plant
remains under $65 million.
"Obtaining the NSR permit marks a
critical step to finishing the year strong," noted Rick Shearer,
Chief Executive Officer of the general partner of Emerge Energy.
"Demand for our in-basin product remains robust, and we expect to
sell out the plant's entire 4 million tons of annual capacity
beginning in the fourth quarter once we finish the minor equipment
upgrades. We are proud to be one of the first movers for in-basin
sand in the Eagle Ford basin, and we are very excited about
expanding our capabilities to serve our customers in this growing
shale play."
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,
through its subsidiary Superior Silica Sands LLC.
Forward-Looking
Statements
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
filed with the SEC. The risk factors and other factors noted in the
Annual Report 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
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