Pioneer Grabs Carmeuse Fracking Sand Unit For $297M
The cash deal for Carmeuse Industrial Sands is expected to close by the second quarter of 2012, Pioneer said.
Carmeuse’s Hickory sand is used as proppant for stimulating oil and gas wells during the process of fracturing, also called fracking. The company’s sand mine in Brady, Texas, is largest resource base for brown fracking sand in...
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