Market Overview

Black Mountain Sand Announces Expansion Into the Mid-Continent; Solidifies Position as Largest In-Basin Frac Sand Provider in the Nation

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Addition of 6th mine boosts
total annual production capacity to more than 19 million tons, totaling
almost 17 percent of estimated 2019 frac sand demand

Black
Mountain Sand
, a Texas-based in-basin frac sand provider, announced
today expansion into Western Oklahoma's Mid-Continent. Construction is
now underway on its sixth mine, the first outside Texas. Once fully
commissioned, the 1,290-acre Blaine County facility will employ 75
people and produce 3 million tons of sand annually. Delivery of the
mine's first commercial tons is anticipated to begin by mid-January 2019.

With the addition of the Mid-Continent
mine
, Black Mountain Sand is now the largest in-basin sand
provider in the nation with annual combined production
capacity exceeding 19 million tons. It is also the only in-basin
provider serving three of the most active basins in North America: Eagle
Ford Shale and the Permian and Anadarko Basins. With Houston-based
research firm Seaport Global Securities estimating total 2019 frac sand
demand at 115 million tons, the company's annual production capacity
equals 16.5 percent of the market.

"Since shipping our first truckload of sand in January 2018, our
customers began asking for more. To help meet this demand, we first
expanded into the Eagle Ford Shale while also increasing our annual
capacity in the Permian. Today's move means we can now deliver our
product's cost-savings benefit to our customers with operations in
Oklahoma, helping strengthen their bottom line across multiple projects
in multiple basins," says Rhett
Bennett
, founder and CEO of Black Mountain Sand.

The E&P industry's adoption of in-basin frac sand has been widespread
and rapid, driven by significant cost savings gained from a simplified
supply chain. In-basin sand eliminates costs and delays related to
shipping sand by rail, resulting in more dependable and timely access
while helping reduce the total cost per well up to 10 percent.

ABOUT BLACK MOUNTAIN SAND

Black Mountain Sand, an in-basin frac sand provider, delivers superior
in-basin proppant solutions to the oilfield services and exploration and
production (E&P) industries. With six mining facilities serving the
Eagle Ford Shale and the Permian and Anadarko Basins, we provide a
high-quality, cost-effective solution to meet the frac sand demands of
in-basin operators.

To learn more about the NGP-backed company, visit www.blackmountainsand.com,
follow on Facebook
or Twitter,
or call 817-698-9901.

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