Northern Frac Proppants Acquires Reserves
- Published: Thursday, 18 April 2013 13:49
Northern Frac Proppants, LLC announced that the acquisition of land and frac sand reserves located on 1,600 acres near Black River Falls, Wis., “is in keeping with NFP’s plans to increase our reserve base and build processing facilities in key geographic locations to better serve our customers with low-cost, high-quality Northern White frac sand proppant.”
NFP has entered into an agreement with Goose Landing Sand Co., LLC to purchase land and frac sand reserves that are strategically located on Class 1 rail enabling NFP to serve customers located in all major U.S. oil and natural gas producing basins. The premium “Northern White” frac sand reserves have an estimated life exceeding 25 years, and are currently being mined, processed, and will be sold under long-term contracts that will immediately generate income for NFP.
Jeff Alston, president of Northern Frac Proppants said that the acquisition of the Goose Landing property and frac sand reserves “is in keeping with NFP’s plans to increase our reserve base and build processing facilities in key geographic locations to better serve our customers with low-cost, high-quality Northern White frac sand proppant.” He said that this is the second NFP frac sand mine and processing site in Wisconsin, with the first property in Bluff View.
“We are pleased to enter into this agreement with Northern Frac Proppants, an emerging player in the supply of high-quality frac sand proppant to the oil and gas industry,” said James L. Hoffman, president of Goose Landing Sand and Hoffman Construction, which developed and opened the facility a year ago.
Hoffman, whose company has agreed to continue to perform mining and reclamation services at the site, said he was “excited to partner with NFP to assist in transforming Goose Landing into a world-class frac sand mine and processing site.”