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August 29, 2015 5:59 AM ET

Construction Materials

Company Overview of Preferred Proppants, LLC

Company Overview

Preferred Proppants, LLC, doing business as Preferred Sands LLC, provides silica and frac sands, resin-coated proppants, and industrial sand for the oil and natural gas companies in the hydraulic fracturing industry. It offers silica sand; resin-coated sand (RCS) products, including RCS garnet and pearl proppants; and DustPRO proppant, a silica dust control solution that uses preventative technology to solve dusting throughout the product lifecycle; and natural sands. The company distributes its products through a fleet of trains and trucks in North America. Preferred Proppants, LLC was founded in 2007 and is based in Radnor, Pennsylvania. It has plant locations in Genoa, Nebraska; Woodbury,...

One Radnor Corporate Center

100 Matsonford Road

Suite 101

Radnor, PA 19087

United States

Founded in 2007

Phone:

610-834-1969

Fax:

484-684-1296

Key Executives for Preferred Proppants, LLC

Founder, Chief Executive Officer, Founder of Preferred Unlimited and Chief Executive Officer of Preferred Unlimited
Chief Financial Officer
Executive Vice President of Business Operations
Senior Vice President of Technology and Corporate Development
Vice President of Human Resources
Compensation as of Fiscal Year 2015.

Preferred Proppants, LLC Key Developments

Preferred Proppants Announces Update on Horizontal Wells in New Mexico

Preferred Sands announced that wells using its Arizona Sand proppant outperformed competing wells using Premium White Sand at comparable true vertical depths by up to 28%, or over $1,000,000 in average increased production. The findings were based on real well data provided by NavPort, which sampled deep horizontal wells in New Mexico. Results from the real well production reports also revealed that Arizona Sand proppants lowered the total proppant cost by an average of 10%. All real well production reports are conducted using actual, disclosed public well data from the NavPort database. To ensure the most accurate production comparison, all wells included in a production report are identified using a strict methodology comprised of 18 distinct selection criteria, including operator name, well trajectory, hydrocarbon type, and distance (all wells included in a horizontal real well production report must be within a 1.5 mile diameter of each other). In a study sampling wells in Rio Arriba, N.M. at an average true vertical depth of 5,653 feet, Preferred Sands found that wells using Arizona Sand produced 28%, or $1,100,000 in average increased production, more than Premium White Sand wells, after an average of 11 months. In a study sampling wells in San Juan, N.M. at an average true vertical depth of 5,325 feet, Preferred Sands found that wells using Arizona Sand produced 18%, or $1,151,600 in average increased production, more than Premium White Sand wells, after an average of 11 months. In a study sampling wells in Rio Arriba, N.M. at an average true vertical depth of 5,618 feet, Preferred Sands found that wells using Arizona Sand produced 16%, or $826,204 in average increased production, more than Premium White Sand wells, after an average of 13 months.

Preferred Sands Introduces NavPort

Preferred Sands introduced NavPort, a comprehensive database that tracks wells from completion to production. Developed to fill an industry need for reliable and complete data, NavPort links downhole completion and production information through an on-demand and flexible reporting platform. Using NavPort's visualization tool, customers are able to zoom in directly to any well in North America and track all downhole consumables, including proppant consumption and fluid usage, and link them with production. NavPort's flexible reporting platform allows industry professionals to track such trends as average proppant consumption by well, basin, and operator or well service provider. Additionally, NavPort's Proppant Efficiency Metric measures a proppant's effect on oil and gas production over a specific period of time.

Preferred Sands to Expand Northern White Sands Operations

Preferred Sands announced plans to open an additional Northern White sand plant, which will expand its Northern White frac sand production capabilities by more than four billion pounds annually. Preferred Sands currently produces more than three billion pounds of Northern White frac sand annually. The new plant, which is anticipated to open in 2015, will bring the company's total Northern White production capacity to more than seven billion pounds annually.

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