U.S. Silica to Expand and Enhance Logistics Capabilities via New Strategic Relationship
August 26 2013 - 4:39PM
Business Wire
U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced that it
has signed a multi- year agreement with Wildcat Minerals LLC which
provides the Company with potential sand storage and rail capacity
at 16 of Wildcat’s sand storage facilities, located near several
major unconventional oil and gas shale basins. With the addition of
these new sites, the Company now has in basin storage capacity at
40 transloads located near all of the major shale basins in the
United States.
“We’re very excited about the prospects to bolster our supply
chain and logistics capabilities through our strategic relationship
with Wildcat,” said U.S. Silica President and Chief Executive
Officer Bryan Shinn. “This arrangement will enable us to enter new
markets, expand our footprint in existing markets, including the
Bakken and the Permian basins and better serve our customers by
ensuring that they have greater access to ample supplies of our
sand in basin and closer to the wellhead.”
Pete Melcher, Chief Operating Officer of Wildcat, commented,
“Our Company is very excited about the opportunity to work with one
of the country’s premier hydraulic fracturing sand producers. We
look forward to forging a mutually beneficial relationship with
U.S. Silica as we work together to further enhance their logistics
capabilities.”
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is one
of the largest domestic producers of commercial silica, a
specialized mineral that is a critical input into the oil and gas
proppants end market. The company also processes ground and
unground silica sand for a variety of industrial and specialty
products end markets such as glass, fiberglass, foundry molds,
municipal filtration and recreational uses. During its 100-plus
year history, U.S. Silica Holdings, Inc. has developed core
competencies in mining, processing, logistics and materials science
that enable it to produce and cost-effectively deliver over 250
products to customers across these end markets. U.S. Silica
Holdings, Inc. is headquartered in Frederick, MD.
About Wildcat Materials
Wildcat Materials LLC is the largest domestic independent
provider of materials handling and supply chain visibility
solutions for oil field consumables. The Company currently operates
16 dry bulk and proppant storage facilities and fluids transloading
terminals in 10 states. During its history, Wildcat has pioneered
the development of high capacity/high volume distribution terminals
and real time inventory management technology that provide
customers with the opportunity to manage inventory from the
processing plant to the wellhead in real time. Wildcat is a
privately held company headquartered in Cheyenne, WY and Golden,
CO.
U.S. Silica Holdings, Inc.Michael LawsonDirector of Investor
Relations and Corporate
Communications301-682-0304lawsonm@ussilica.com
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