KATY, Texas, Dec. 20, 2018 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) and Liberty Oilfield Services Inc.
(NYSE: LBRT) announced today that they have a settled an
intellectual property lawsuit and related counterclaims involving
U.S. Silica's Sandbox Logistics unit. In addition, Liberty
and U.S. Silica have signed an amended and restated sand supply
agreement for the purchase of sand from U.S. Silica.
"We are very pleased that our two companies resolved our legal
differences and found a mutually beneficial, commercial path that
solidifies our long-term relationship," said Bryan Shinn, U.S. Silica president and chief
executive officer.
About U.S. Silica
U.S. Silica Holdings, Inc. is a performance materials
company and is a member of the Russell 2000. The Company is a
leading producer of commercial silica used in the oil and gas
industry, and in a wide range of industrial applications. Over its
118-year history, U.S. Silica has developed core
competencies in mining, processing, logistics and materials science
that enable it to produce and cost-effectively deliver over 1,500
diversified products to customers across our end markets. U.S.
Silica's wholly-owned subsidiaries include EP Minerals and SandBox
Logistics. EP Minerals is an industry leader in the production of
products derived from diatomaceous earth, perlite, engineered
clays, and non-activated clays. SandBox Logistics is a
state-of-the-art leader in proppant storage, handling and well-site
delivery, dedicated to making proppant logistics cleaner, safer and
more efficient. The Company currently operates over 25 mines and
production facilities. The Company is headquartered in Katy,
Texas and has offices in
Frederick,
Maryland and Chicago, Illinois.
About Liberty Oilfield Services Inc.
Liberty is an independent provider of hydraulic fracturing
services to onshore oil and natural gas exploration and production
companies in North America. Liberty was founded in 2011 with a
relentless focus on improving tight-oil completions, and an
emphasis on customer partnerships and technology to find innovative
answers to frac optimization. Liberty is headquartered
in Denver, Colorado.
U.S. Silica Holdings, Inc.
Michael Lawson
Vice President of Investor Relations and Corporate
Communications
(301) 682-0304
lawsonm@ussilica.com
Nick Shaver
Investor Relations Manager
281-394-9630
shavern@ussilica.com
Liberty Oilfield Services Inc.
Michael Stock
Chief Financial Officer
303-515-2851
IR@libertyfrac.com
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SOURCE U.S. Silica Holdings, Inc.