Cadre Proppants Sells 1 Billionth Pound of Frac Sand| Oil & Gas
HOUSTON, March 7, 2012-Cadre Proppants announced today the sale of its 1 billionth pound of Premium Hickory Sand. This milestone was achieved in less than six months following the achievement of nameplate operations at its state-of-the-science plant in Voca, Texas. The 1 billionth pound of frac sand will be used in the fracturing of a well in Reagan County, Texas. Since commissioning the plant in
April of 2011, over 20,000 trucks have delivered Cadre’s API-quality proppant to the Permian Basin and Eagle Ford Shale.
“We are extremely proud of our workforce of over 100 employees who have each contributed to this milestone for Cadre,” said Jerry McGee, Chief Executive Officer of Cadre Proppants. “Our focus on training, safety and disciplined execution has enabled us to become the most reliable supplier of quality proppant,” noted McGee.
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About Cadre Proppants
Cadre Proppants, headquartered in Houston Texas, is a major supplier of API-quality Premium Hickory Sand to the oil and gas service industry. Cadre produces three products: Cadre 16/30, Cadre 20/40 and Cadre 30/50. With principal operations located in Voca, Texas, Cadre Proppants was recently recognized as the Outstanding Large Business in McCulloch County. Cadre is owned by Denham Capital, a leading energy-focused global private equity firm. For further information on Cadre, visit www.cadreproppants.com. For further information on Denham Capital, visit www.denhamcapital.com.