Alpine Silica Holding, a frac sand supplier which started sand mining operations in Oklahoma six years ago, plans to go public.
Alpine’s parent company, ProFrac Holding Corp filed paperwork this week. Alpine is ProFrac’s proppant production segment and has existing operations throughout Louisiana and Texas.
Alpine Silica, ProFrac’s proppant production segment and wholly owned subsidiary, operates frac sand reserves and produces five different sand products throughout Louisiana in the Haynesville play and in the Permian Basin of West Texas.
It was in 2018 when Alpine announced plans to build a new frac sand plant in Fay, a small town west of Kingfisher and in Dewey County. The company stated at the time it had secured nearly 51 million tons of reserves for the Oklahoma project which was right in the middle of the STACK play. It expected to produce nearly three million tons of frac sand a year.
However, Alpine’s website indicated the Fay operation is temporarily closed. Now the company is moving forward as investors believe there could be a rebound for U.S. initial public offering markets.