U.S. Silica to Expand and Enhance Logistics Capabilities via New Strategic Relationship

Before you go, we thought you'd like these...
Before you go close icon

U.S. Silica to Expand and Enhance Logistics Capabilities via New Strategic Relationship

FREDERICK, Md.--(BUSINESS WIRE)-- U.S. Silica Holdings, Inc. (NYS: SLCA) today announced that it has signed a multi- year agreement with Wildcat Minerals LLC which provides the Company with potential sand storage and rail capacity at 16 of Wildcat's sand storage facilities, located near several major unconventional oil and gas shale basins. With the addition of these new sites, the Company now has in basin storage capacity at 40 transloads located near all of the major shale basins in the United States.

"We're very excited about the prospects to bolster our supply chain and logistics capabilities through our strategic relationship with Wildcat," said U.S. Silica President and Chief Executive Officer Bryan Shinn. "This arrangement will enable us to enter new markets, expand our footprint in existing markets, including the Bakken and the Permian basins and better serve our customers by ensuring that they have greater access to ample supplies of our sand in basin and closer to the wellhead."

Pete Melcher, Chief Operating Officer of Wildcat, commented, "Our Company is very excited about the opportunity to work with one of the country's premier hydraulic fracturing sand producers. We look forward to forging a mutually beneficial relationship with U.S. Silica as we work together to further enhance their logistics capabilities."

About U.S. Silica

U.S. Silica Holdings, Inc., a member of the Russell 2000, is one of the largest domestic producers of commercial silica, a specialized mineral that is a critical input into the oil and gas proppants end market. The company also processes ground and unground silica sand for a variety of industrial and specialty products end markets such as glass, fiberglass, foundry molds, municipal filtration and recreational uses. During its 100-plus year history, U.S. Silica Holdings, Inc. has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 250 products to customers across these end markets. U.S. Silica Holdings, Inc. is headquartered in Frederick, MD.

About Wildcat Materials

Wildcat Materials LLC is the largest domestic independent provider of materials handling and supply chain visibility solutions for oil field consumables. The Company currently operates 16 dry bulk and proppant storage facilities and fluids transloading terminals in 10 states. During its history, Wildcat has pioneered the development of high capacity/high volume distribution terminals and real time inventory management technology that provide customers with the opportunity to manage inventory from the processing plant to the wellhead in real time. Wildcat is a privately held company headquartered in Cheyenne, WY and Golden, CO.

U.S. Silica Holdings, Inc.
Michael Lawson
Director of Investor Relations and Corporate Communications

KEYWORDS:   United States  North America  Maryland


The article U.S. Silica to Expand and Enhance Logistics Capabilities via New Strategic Relationship originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading