Service & Supply | Oilfield Services | Proppant | Partnerships
Diamondback Signs Proppant Supply Agreement with Black Mountain Sand
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Black Mountain Sand LLC, one of the first movers in the Permian sand rush, signed a supply contract with Diamondback. The company has dedicated a significant portion of its 40/70 and 100 mesh capacity to Diamondback Energy in a multi-year contract.
Travis Stice, Diamondback Chief Executive Officer, commented, "We are excited about our Permian based partnership with Black Mountain Sand and the advantages it will afford both parties. A long-term commitment with a local sand supplier guarantees us a secure source of supply to execute our drilling plans in the Midland and Delaware Basins at a cost that will improve our single well economics, helping us maintain our position as the low cost operator in the Permian Basin."
"We are thrilled to be a part of this unique partnership with Diamondback. The location of our reserves in the heart of the Permian Basin provides us a major cost advantage that we can pass through to our customers as they develop their Midland and Delaware Basin assets," said Rhett Bennett, Black Mountain Chief Executive Officer. "Through the continued support of our financial sponsor and the reserves we've secured throughout the basin, we will be in a position to support Diamondback's growth needs for a very long time."
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