Hunt owns the surface mining rights to 350 acres of land in northwest Houston. All of the sand is contained from the surface to a depth of fifty feet.; the mining process is “surface mining” which uses a dredging technique, utilizing water and industrial vacuums to extract the material. The process is safer and less expensive than other mining processes. There is approximately twenty one million tons of frac sand in the deposit.
The frac sand in the Texas region has had some advantages over traditional Northern sands, the most notable benefit being geographical – whereas the deposits are located near many of the traditional (Permian Basin) and recent (Barnett Shale and Eagle Ford ) oil and gas producing regions of the U.S.
The potential impact going into 2012: if number of new wells, stages per well and amount of sand per stage continue to grow per estimates, the potential demand for frac sand is explosive. For example, in Eagle Ford, the estimated volume for 2011 was over 3 million tons, but over 8 million tons projected for 2012.
Carbon Green is a proprietary end-of-life tire (ELT) recycling technology. The Company’s business model is to focus on developing a commercially viable process for recycling 100% of used tires into high-grade steel, oil, off-gases and Carbon Green™ (a carbon black substitute).
The Northern White Sand deposit is uniquely large with a high concentration of what is classified as “coarse” material. All so-called ‘white sand’ is not created equal. The vast majority of premium ‘white frac sand’ is produced in Northern Illinois, Minnesota and Wisconsin. White sands produced today are from the Ordovician and Cambrian periods. The St. Peter formation – sands from Ottawa and all of Illinois as well as parts of Wisconsin and all of Oklahoma, Arkansas, and Missouri – is Ordovician. Most Minnesota sand and sand from parts of Wisconsin are Cambrian, which is the older period. These Cambrian sands are called Jordan Sands, which we consider older and having more valuable technical properties.
Hunt Global News Room
Hunt Global PR : April 10 2012 8:36 AM Eastern Time
Hunt Global Resources Announces Additions to Management Team and Progress on Minnesota Jordan White Sand Development
Hunt Global PR : February 8 2012 at 8:36 AM Eastern Time
Hunt Global Resources Announces Changes to the Board of Directors, Appointment of Joseph S. Compofelice as President and Closing of New Debt Instrument
Hunt Global PR : December 6 2011 09:49 AM Eastern Time
Hunt Global Resources Plans 2012 construction of frac-sand processing plant in Conroe, Texas
Hunt Global PR : July 11, 2011 07:00 AM Eastern Time
Hunt Global Resources, Inc. To Present at 2011 Global Hunter Securities Conference Held in San Francisco
Hunt Global PR : May 25, 2011 09:00 AM Eastern Time
Hunt Global Resources, Inc. to Acquire 100 Million Ton Frac Sand Mining Operation
Hunt Global PR : May 11, 2011 04:22 PM Eastern Time
Hunt Global Resources, Inc. Engages Lazard Frères & Co. LLC As Investment Banker & Financial Advisor
Hunt Global PR : March 8, 2011 09:08 AM Eastern Time
Hunt Global Resources, Inc. Closes Merger with Carbon Green NA, Inc.
Hunt Global Resources, Inc.
24 Waterway Avenue, Suite 200
The Woodlands, TX 77380