Alpine Silica Company Profile

Background

Overview

Alpine Silica is the nation's largest and most reliable provider of in-basin frac sand, with the capacity to produce up to 23 million tons of frac sand annually. The company is committed to delivering reliable and cost-effective sand solutions to producers in the nation's top oil and gas plays.

Mission and Vision

Alpine Silica's mission is to be the leading frac sand provider in North America. The company is dedicated to delivering cost-effective, timely, and dependable sand solutions across the region. This commitment is underpinned by a core set of values emphasizing reliability, consistency, and strong customer relationships.

Primary Area of Focus and Industry Significance

Operating in the oil and gas industry, Alpine Silica focuses on providing high-quality frac sand essential for hydraulic fracturing operations. The company's strategic positioning in major oil and gas regions, including the Haynesville, Eagle Ford, and Permian Basins, underscores its significance in supporting efficient, high-performance operations for leading producers.

Key Strategic Focus

Core Objectives

Alpine Silica aims to maximize the efficiency of its resources and mining operations, consistently delivering high-quality sand solutions safely, reliably, and at the lowest possible cost. The company is also committed to creating long-term value for its investors, employees, and partners by developing a sustainable and forward-focused strategy.

Specific Areas of Specialization

The company specializes in the production of five premium sand products: 30/100, 40/140, 30/70, 40/70, and 100 mesh. These products are designed to meet the toughest demands in the field, ensuring optimal performance in hydraulic fracturing operations.

Key Technologies Utilized

Alpine Silica employs state-of-the-art facilities and advanced mining techniques to extract and process frac sand efficiently. The company's operations are strategically located near major oil and gas well sites, allowing producers to significantly reduce transportation time and costs, streamline logistics, and maximize production efficiency.

Primary Markets and Conditions Targeted

The company's primary markets include the Haynesville, Eagle Ford, and Permian Basins, where it serves leading producers by providing in-basin frac sand solutions that enhance operational efficiency and cost-effectiveness.

Financials and Funding

Funding History

Alpine Silica is a subsidiary of PF Holdings, a private company. In October 2023, entities affiliated with PF Holdings' largest shareholders, the Wilks Family, invested $50 million in perpetual convertible preferred equity securities in Alpine Silica. The proceeds were primarily used to reduce the company's indebtedness, demonstrating the Wilks Family's confidence in Alpine Silica's strategic direction.

Total Funds Raised

The company has raised a total of $50 million through the investment from the Wilks Family in October 2023.

Notable Investors

The Wilks Family, affiliated with PF Holdings, is a notable investor in Alpine Silica. Their investment underscores a strong belief in the company's growth potential and strategic direction.

Intended Utilization of Capital

The capital raised was primarily utilized to reduce Alpine Silica's indebtedness, enhancing the company's financial flexibility and positioning it for future growth opportunities.

Pipeline Development

Key Pipeline Candidates

Alpine Silica's pipeline includes the development and expansion of its sand facilities, such as the Sunny Point facility, a joint partnership with the Caddo-Bossier Port and Performance Proppants. This facility is located on a 700-acre oxbow lake off the Red River, containing 45 million tons of frac sand reserves. The Sunny Point facility exemplifies the company's commitment to sustainable, long-term strategies.

Stages of Development

The Sunny Point facility is operational, contributing to Alpine Silica's capacity to produce up to 23 million tons of frac sand annually. The company continues to explore opportunities for expansion and development to meet the growing demand for in-basin frac sand solutions.

Target Conditions

The development of facilities like Sunny Point targets the increasing demand for regionally sourced frac sand, aiming to provide cost-effective and reliable sand solutions to producers in major oil and gas regions.

Relevant Timelines

While specific timelines for future developments are not detailed, Alpine Silica's ongoing investments and strategic partnerships indicate a proactive approach to expanding its operational capacity and market presence.

Technological Platform and Innovation

Proprietary Technologies

Alpine Silica utilizes advanced mining and processing technologies to extract and produce high-quality frac sand efficiently. The company's facilities are equipped with state-of-the-art equipment designed to maximize production efficiency and product quality.

Significant Scientific Methods

The company employs advanced mining techniques and processing methods to ensure the extraction of high-quality frac sand. While specific scientific methodologies are proprietary, Alpine Silica's operations are strategically located near major oil and gas well sites, allowing for efficient logistics and reduced transportation costs.

AI-Driven Capabilities

There is no publicly available information indicating the use of AI-driven capabilities in Alpine Silica's operations.

Leadership Team

Key Executive Profiles

• Matthew Zinn: Chief Executive Officer (CEO)

• Professional Background: Matthew Zinn serves as the CEO of Alpine Silica, leading the company's strategic direction and operations.

• Key Contributions: Under his leadership, Alpine Silica has expanded its operational capacity and solidified its position as a leading provider of in-basin frac sand.

• Rick Reynolds: Senior Vice President of Operations

• Professional Background: Rick Reynolds oversees the company's operations, ensuring efficient and effective production processes.

• Key Contributions: He has played a pivotal role in optimizing operational efficiency and scaling production to meet market demands.

• Leif Christensen: Vice President of Maintenance

• Professional Background: Leif Christensen is responsible for the maintenance and reliability of Alpine Silica's facilities.

• Key Contributions: He has implemented maintenance strategies that enhance equipment uptime and operational reliability.

• Brent Quillen: Director of Operations

• Professional Background: Brent Quillen manages day-to-day operations, focusing on optimizing production and logistics.

• Key Contributions: He has been instrumental in streamlining operations and improving supply chain efficiency.

• Hayden Shepard: Director of Human Resources

• Professional Background: Hayden Shepard oversees human resources, focusing on talent acquisition and employee development.

• Key Contributions: He has fostered a positive work environment and implemented programs that support employee growth and retention.

• Sarah Corbett: Director of Demand Planning

• Professional Background: Sarah Corbett is responsible for forecasting and managing product demand to align with production capabilities.

• Key Contributions: She has developed demand planning strategies that ensure product availability and customer satisfaction.

• Josh Caddy: Director of Capital Projects

• Professional Background: Josh Caddy leads capital projects, overseeing the development and expansion of facilities.

• Key Contributions: He has successfully managed projects that have increased the company's production capacity and market reach.

• Brandon Gebhardt: Director of Process Improvement

• Professional Background: Brandon Gebhardt focuses on continuous improvement initiatives to enhance operational processes.

• Key Contributions: He has implemented process improvements that have led to increased efficiency and cost savings.

• Gary Gilmore: Regional Maintenance Manager

• Professional Background: Gary Gilmore manages maintenance operations across multiple facilities.

• Key Contributions: He has ensured the reliability and uptime of equipment through effective maintenance strategies.

• DeTwill Williams