PropX, the last word in last mile logistics for the oilpatch, is excited to announce that we have been acquired by Liberty Oilfield Services (NYSE: LBRT)
This combination will enable PropX to enhance our equipment development as well as our logistics data, software and technology, offering the industry an unparalleled last-mile solution of equipment, software and frac experience.
Founded in 2016, PropX is a leading provider of last-mile proppant delivery solutions including proppant handling equipment, logistics and software across North America. PropX offers innovative environmentally friendly technology with optimized dry and wet sand containers plus wellsite conveying equipment that drive logistics efficiency while reducing truck traffic, noise and emissions. PropX wet sand handling technology is a key enabler of the next step of cost and emissions reductions in the proppant industry. PropX also offers customers the latest real-time logistics software, PropConnect. PropX will continue to provide our excellent service and support in delivering these solutions to all of our clients industry-wide.
“From our inception, PropX set out to provide the best solution for delivering proppants from a terminal or mine to the wellsite and into a service company blender on hydraulic fracturing operations. With services and equipment supplied across all major tight oil and gas basins across the US, PropX has built a reputation for customer service and innovation on more than a quarter of current frac operations. Our latest system for delivery of wet sand has changed the way our customers think about sand supply and the benefits of lower cost, reduced trucking, eliminating emissions from sand drying and reducing truck trips which have been touted by customers ranging from frac companies, E&P’s and sand suppliers. These wet systems provide substantial ESG benefits to our clients” said Kevin Fisher, CEO of PropX.
“This combination will allow PropX to continue to efficiently develop our hardware solutions, automating processes to streamline ordering, delivery, inventory tracking and invoicing in the last mile and those developments will benefit all of our clients: frac service providers, E&P customers, sand mining and trucking carriers alike. With rising demand for oil and gas along with the services required to fulfill that demand, the future has never been brighter. We look forward to this combination of innovative companies.”
Click HERE to read the press release from Liberty