Emerge Energy Services LP Announces Sand Supply Agreement with Chesapeake Energy Corporation
07 Janeiro 2019 - 9:08PM
Fort Worth, Texas
- January 7, 2019 - Emerge Energy Services LP today announced
that its subsidiary Superior Silica Sands LLC ("Superior") has
signed a new agreement with Chesapeake Energy Corporation
("Chesapeake") covering frac sand supplied from Superior's San
Antonio mine in South Texas. Chesapeake will procure frac sand from
Superior's leading in-basin mine to support its growing completions
program in South Texas.
"We are very pleased to partner
with one of the leading onshore Exploration and Production
companies in the U.S.," noted Rick Shearer, Chief Executive Officer
of the general partner of Emerge Energy. "Chesapeake is committed
long-term to growing its position in the Eagle Ford basin, and as a
leading producer of frac sand in South Texas, we are the perfect
fit to supply Chesapeake with a large portion of its frac sand
needs. Chesapeake has always been at the forefront of
unconventional horizontal drilling, and we look forward to building
our relationship with this new customer."
"Also, our San Antonio plant is
ramping up to full capacity as our new wet plant began production
in December. We are excited about the opportunity ahead of us for
our San Antonio plant and our other in-basin and northern white
operations in 2019."
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.
About Chesapeake
Energy Corporation
Headquartered in Oklahoma
City, Chesapeake Energy Corporation's (NYSE: CHK)
operations are focused on discovering and developing its large and
geographically diverse resource base of unconventional oil and
natural gas assets onshore in the United States. The
company also owns an oil and natural gas marketing business.
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.
PRESS CONTACT
Investor Relations
(817) 618-4020
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Emerge Energy Services LP via Globenewswire
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