Emerge Energy Services Announces In-Basin Sand Expansion Into The Mid-Content Basin
Benzinga 8 years ago
BiotechNewsGeneral
- The Oklahoma plant will have a nameplate capacity of 1.5 million tons per year; production is projected to start by year end 2018.
- The 600-acre mine site has an estimated 20 million tons of reserves, according to internal analysis; a third-party engineering group will conduct an independent reserves analysis.
- The project will be funded with the company's current cash on hand and revolver availability; the project does not change Emerge Energy's previously announced full year 2018 capital expenditures guidance of $70 million to $90 million.