Provider of premium "Northern White" frac sand, - Smart Sand -, makes major investment in Oakdale Wi

http://www.marketwatch.com/story/smart-sand-provider-of-high-quality-proppant-to-the-oil-and-gas-industry-announces-major-investment-in-oakdale-wisconsin-facility-2012-06-06

Smart Sand, Provider of High Quality Proppant to the Oil and Gas Industry, Announces Major Investment in Oakdale Wisconsin Facility
Provider of Premium "Northern White" Frac Sand has Extensive Reserve Base and Key Transportation Links; Clearlake Capital Group is Sole Sponsor

FAIRLESS HILLS, Pa. & SANTA MONICA, Calif., Jun 06, 2012 (BUSINESS WIRE) -- Smart Sand, Inc. ("Smart Sand" or the "Company&quot and Clearlake Capital Group, L.P. ("Clearlake&quot today announced a major investment in the Company's state-of-the-art frac sand facility in Oakdale, Wisconsin. The facility, located on more than 1,100 acres, has an initial processing capacity of over one million tons per year, an extensive base of in-place permitted frac sand reserves, and is expected to be operational later this month.

Smart Sand was founded in 2010 to supply much-needed high-quality proppant to the unconventional oil and gas industry. The Oakdale facility is strategically located on a major rail line, which will enable reliable, cost-effective delivery of large volumes of premium Northern White frac sand direct to key producing regions, including the Bakken and Eagle Ford formations, and the Utica and Marcellus shales. Smart Sand's extensive reserve base will allow it to produce a wide range of products for the production of unconventional oil and gas including 20/40, 30/50, and 40/70 mesh sizes.

Charles Young, founder, president and board member of Smart Sand, said, "We are very pleased to announce the construction of this facility, which will provide reliable supplies of high-quality frac sand to our industry partners. With an extensive reserve base, Smart Sand will be able to easily expand its processing capacity and adjust its production mix to accommodate customer needs in the highly dynamic unconventional oil and gas market. Smart Sand's value proposition and logistical advantages are clear, and we are also pleased to announce that we have already committed a significant portion of our initial production capacity."


How many train cars = a million tons?