Preferred Sands Continues Construction and Hiring at Newest In-Basin Frac Sand Mine in Oklahoma

The Company is poised to be the largest provider of local in-basin
sand in the United States as it expands to serve SCOOP, STACK and other
Midcontinent formations

RADNOR, Pa.–(BUSINESS WIRE)–Preferred Proppants, LLC (ÔÇ£Preferred SandsÔÇØ or ÔÇ£PreferredÔÇØ or the
ÔÇ£CompanyÔÇØ), one of North AmericaÔÇÖs leading manufacturers and providers
of high-quality sand and innovative proppant technologies, today
announced that construction is underway on an in-basin frac sand mine
and facility in Oakwood, Oklahoma. The mine is expected to come online
in the third quarter of 2018 and the Company is currently looking to
fill approximately 100 positions including electricians, maintenance
technicians, heavy equipment operators, loaders, utility hands, plant
operators, loadout operators and more.

Preferred Sands was one of the first to file permits for a sand mine to
serve the prolific SCOOP, STACK and other Midcontinent formations,
further positioning the Company as a first-mover toward in-basin sand.
This announcement follows the recent opening of its mine in South Texas
and expansion into West Texas.

ÔÇ£As a leader in the frac sand business, we will continue to pioneer our
national in-basin sand strategy in the SCOOP and STACK plays of
Oklahoma,ÔÇØ said Michael OÔÇÖNeill, founder and CEO of Preferred Sands. ÔÇ£We
take pride in our superior products and customer service and are excited
to partner with some of the largest oil and gas companies in the area as
we continue our commitment to lowering costs and increasing production.ÔÇØ

Conveniently straddling Dewey and Blaine Counties, the facility will be
located within five miles of two currently active rigs and within 75
miles of most major activity in the region. The site has access to major
roads, water and utilities, and consists primarily of 40/70 and 100 mesh
high-quality local in-basin supply.

ÔÇ£This is a critical year for the frac sand industry, as sand usage is
expected to increase significantly,ÔÇØ OÔÇÖNeill said. ÔÇ£As we continue our
record of innovation, it is our goal to drive down costs for our
customers through our localization strategy, which is centered on
value-enhancing production and becoming the lowest cost-landed-at-well
(CLAW) provider in the areas where we operate.ÔÇØ

With in-basin sand mines open in South Texas and West Texas, the Company
expects to grow by more than 9 million tons of in-basin capacity once
Oklahoma is up and running. These facilities, along with PreferredÔÇÖs
legacy plants in Nebraska and Arizona, which are operating at or near
effective capacity, allow the Company to service exploration &
production and oilfield service companies conveniently and
cost-efficiently throughout North America.

For more information about Preferred Sands, visit www.PreferredSands.com.

About Preferred Sands

With in-basin plants in South Texas, West Texas, and soon Oklahoma, as
well as strategic regional plant locations in Arizona and Nebraska, Preferred
Sands services exploration & production and oilfield service
companies throughout North America. The company is continuously
recognized for being environmentally responsible and its achievements in
health and safety as an industry-leading operator.

Preferred Sands is also one of North AmericaÔÇÖs leading manufacturers and
providers of high-quality and innovative proppant technologies.
PreferredÔÇÖs innovative proppant technology solutions include Preferred
Polymeric Proppants, an advanced downhole coated proppant technology
designed for maximum production efficiency; FloPRO
PTTÔäó, proppant transport technology designed for superior proppant
distribution; and DustPROÔäó,
a leading dust prevention technology designed to reduce airborne
particles during all sand transfer points. These pioneering products
have earned Preferred world-wide recognition as a leader in innovative
and sustainable technologies throughout the oil and gas, chemical, and
technology industries.

For more information about Preferred Sands, visit www.PreferredSands.com.

Contacts

Preferred Sands
Matt Goldstein, 484-385-2953
[email protected]