Preferred Sands was named to Deloitte's 19th annual Technology Fast 500. This exclusive ranking features the nation’s fastest growing technology, media, telecommunications, life sciences and clean technology companies and Preferred Sand’s inclusion recognizes the company’s success in driving increased demand for its environmentally sensitive innovations within the oil and gas industry.
Preferred Sands is committed to creating a high-quality product and service portfolio that provides customers with sustainable solutions. The company recently launched Garnet and Pearl, its proprietary, non-phenolic resin-coating sand (RCS) technology.
Developed in conjunction with The Dow Chemical Co. Preferred’s RCS product line is the industry’s first, high-performing alternative to traditional phenolic-based resins, which significantly reduce the level of contaminates used during hydraulic fracturing. In addition to its RCS technology, Preferred Sands also offers customized distribution and product fulfillment solutions through Preferred Pipeline, which leverages the company’s extensive rail and trucking network to provide a centralized supply chain structure minimizing significant rail car, trucking and terminal costs.
“Preferred Sands’ inclusion on Deloitte’s Technology Fast 500 is a tremendous honor,” said Michael O'Neill, founder and CEO of Preferred Sands. “As a company, we take pride in offering customizable, turnkey solutions that allow for a simpler, more sustainable drilling process. And our continued success in driving demand for the use of environmentally sensitive alternatives within the industry is further proof that our non-phenolic resin coating and innovative supply chain solutions are not simply gaining traction, but fast becoming the industry standard.”
With sustainability and innovation at the core of Preferred Sands, the company said it is continuing to develop technologies that minimize environmental impact and enhance business operations. Providing customers with outstanding performance-to-cost value, Preferred Sands RCS product line and Pipeline enable well operators to substantially improve operational efficiencies while still curtailing expenses and increasing social responsibility.