Select Sands Announces 3-year supply Contract with Large Cap Exploration and Production Company; The Operator reports that this is one of their larger Frac Sand Supply Contracts Awarded in Eagle Ford
(TheNewswire)
December 5, 2019 - TheNewswire - Vancouver, BC, Canada – Select Sands Corp. (the “Company” or “Select Sands”) (TSXV:SNS) (OTC:SLSDF) announces that its 100% owned subsidiary, Select Sands America Corp., has entered into a 3-year supply agreement with a large cap exploration and production company in The Eagle Ford Basin. The contract is for the supply of Select Sands’ 100 mesh product.
Select Sands President and CEO, Zig Vitols remarked, “Our strategy of serving the Eagle Ford basin operators and pressure pumpers more efficiently with our new transload capabilities in George West, TX comes to fruition with the signing of this contract with this large cap exploration and production company. This supply agreement will provide Select Sands with guaranteed minimum purchases of our proppant while providing the operator with a reliable, high quality proppant near their wells, providing them last mile cost savings. With the signing of this agreement, both companies ensure that high quality 100 mesh Northern White Sand will be used to achieve production results that successful exploration and production companies are aiming for. We are very pleased to announce this multi-year contract and look forward to commencing the supply of our sand in January 2020. We also remain focused on securing other potential opportunities across all the basins for our high quality Northern White Sand.”
Select Sands Corp. is an industrial silica product company developing its 100% owned, 520-acre Northern White, Tier-1, silica sands project located in Arkansas, U.S.A. Select Sands’ Arkansas property has a logistical advantage of being significantly closer to oil and gas markets located in Oklahoma, Texas, New Mexico, and Louisiana than Wisconsin sources. The Tier-1 reference above is a classification of frac sand developed by PropTester, Inc., an independent laboratory specializing in the research and testing of products utilized in hydraulic fracturing & cement operations, following ISO 13503-2:2006/API RP19C:2008 standards.
Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. The forward-looking statements in this press release relate to commencement of deliveries under the new supply contract in January 2020. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Company Contact
Please visit www.selectsands.com or contact:
Houston:
Zigurds Vitols W. Joe O’Rourke
President & CEO Director of Sales
Phone: 844-806-7313 Phone: 713-689-8000
Vancouver:
Arlen Hansen
Investor Relations
Phone 604-684-6730
sns@kincommunications.com
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