Risks pay off for Houston frac sand logistics company

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

In the 12 years since Filamar started, it’s changed with the oil and gas industry as...

that was nonexistent a decade ago in places like the Permian Basin of West Texas, rich in both oil and dune sand.

“The ones that actually care, they're coming to us," Lynch said."They're trying to sign longer term contracts – the companies that are really trying to go out there and make a change, and not just say that they're doing something.” Filamar’s origin is born of the great recession of 2007-09. Arceneaux ran a construction company that built homes in Houston's Heights neighborhood when the housing market crashed, taking his business with it. He joined with his brother, who at the time was helping to ship in an early version of frac sand made from ceramics from China. Arceneaux helped the shipments get from Washington state to North Dakota, which was in the midst of its fracking boom.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in US

United States United States Latest News, United States United States Headlines