Iron Oak Energy Solutions LLC has acquired the Northern White Sand assets of HC Minerals, Inc., expanding its reach in the U.S. natural gas shale play. The acquisition includes a production facility in Wisconsin capable of over 12 million tons of sand annually, as well as terminals in key basins. Iron Oak secured a new term loan facility for future growth and maintains strong liquidity. CEO Michael Segura sees increased demand in natural gas basins and values HC Minerals’ expertise. AESI stock currently trades at $11.44, down 2.18% on the NYSE.

Iron Oak Energy Solutions LLC, a proppant supplier to the oil and gas sector, has acquired HC Minerals, Inc.’s Northern White Sand assets. This acquisition expands Iron Oak’s production capacity and service reach in major U.S. shale plays. The company secured a new term loan facility for growth, emphasizing its strong liquidity and low leverage. CEO Michael Segura highlights expected demand growth in natural gas basins. HC Minerals CEO Dirk Hallen praises his team’s accomplishments and Iron Oak’s leadership. CFO Jeff Wood notes the financing enhances strategic flexibility. AESI stock trades at $11.44 on the NYSE.

Read more at Nasdaq: Iron Oak Energy Acquires HC Minerals’ Northern White Assets To Boost Shale Play Supply