AP NEWS

Gen6 Proppants Announces New Frac Sand Mine in Northern Louisiana to Serve the Haynesville Shale

September 25, 2018

HOUSTON--(BUSINESS WIRE)--Sep 25, 2018--Gen6 Proppants (Gen6), a frac sand solutions provider, announced today its plans to develop a new frac sand mine to serve the Haynesville Shale region, with the acquisition of approximately 1,000 acres in Red River Parish in northern Louisiana. Permitting and procurement has begun on the new Louisiana mine and construction is expected to begin this year. Once fully commissioned, the mine is expected to produce 1.5 million tons of frac sand annually. Gen6 anticipates delivering its first commercial tons by mid-2019.

Located in the core of the Haynesville, the new Gen6 mine has an estimated reserve of more than 75 million tons and will have the capability to deliver local 40/70 and 100 mesh sand to area producers, providing significant time and cost savings on transport and logistics. According to the U.S. Energy Information Administration, in June 2018 natural gas production in the Haynesville averaged 6.4 billion cubic feet per day, accounting for 8.5% of all U.S. dry natural gas production and the highest production from this region since September 2012.

“The growing need for a more local frac sand source has become paramount to our customers as drilling in the Haynesville continues to increase,” said Brant Baird, president of Gen6. “The new Gen6 mine will be the closest frac sand mine to the ten top producers in the Haynesville. With over 1,200 truckloads of sand going to the average 2-well Haynesville pad, our location allows us to significantly reduce transportation and logistics costs. Our goal is to provide the most cost-effective, timely and dependable service so that our customers can maximize their production values.”

Headquartered in Houston, Gen6 is part of the Momentum Midstream family of companies and is led by a team of professionals with experience in all facets of the oil and gas industry. Brant Baird, president of Gen6, has served as president of Momentum since 2016 and chief operating officer since 2012. Will Pritchard, Gen6 general manager, has nearly 10 years of experience in the exploration and production side of the business, recently serving as an engineer for Indigo Minerals. Britt Mitchell, Gen6 operations manager has 10 years of frac sand mining experience, including managing Southwestern Energy’s Fayetteville Shale mine and most recently as a plant manager for a 3 million-ton-per-year frac sand mine in South Texas.

ABOUT GEN6 PROPPANTS

Gen6 Proppants is a frac sand solutions provider focused in the Haynesville Shale region of northern Louisiana and east Texas. Gen6 is currently in the permitting phase for the construction of a 1.5 million ton-per-year facility in Red River Parish to provide 40/70 and 100 mesh sand to area producers, allowing them to realize significant cost savings and increased efficiencies. For more information, visit www.Gen6Proppants.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005342/en/

CONTACT: Media Contact:

M2H Communications

Meredith Howard, 210-737-3378

meredith@m2hpr.com

or

Customer Contact:

Gen6 Proppants

Will Pritchard, 832-917-8743

w.pritchard@Gen6proppants.com

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Gen6 Proppants

Copyright Business Wire 2018.

PUB: 09/25/2018 09:00 AM/DISC: 09/25/2018 09:01 AM

http://www.businesswire.com/news/home/20180925005342/en

AP RADIO
Update hourly