Fairmount Minerals acquisitions to expand Santrol footprint

Fairmount Minerals

Fairmount Minerals has signed a purchase agreement with FTS International (FTSI) to acquire nearly all of FTSI's sand-mining operations, resin-coating plants, and distribution terminals. The transaction significantly increases the operational and logistical capabilities of Santrol, a Fairmount Minerals company. The infrastructure expansion will allow oil and gas customers to source proppant closer to the wellsite.

This purchase includes Northern White operations, adding to Fairmount Minerals' portfolio of Northern White mines in Illinois, Minnesota and Wisconsin, and Hickory sand reserves. The acquired assets will increase the number of Fairmount Minerals' sand-processing and resin-coating facilities.

Santrol's distribution network will now include more than 50 proppant distribution terminals. All of the acquired resources will expand and complement Santrol's robust geographic footprint, further enhancing its ability to supply the ideal proppant as close to the wellsite as possible.

The transaction closing date is scheduled to be by the end of the third quarter.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...