Pronghorn Logistics, LLC (“Pronghorn”) today announced it has entered into a long-term agreement to provide Chesapeake Energy Corporation (“Chesapeake”) with frac sand management, logistics, and wellsite services in Wyoming’s Powder River Basin.
“The entire Pronghorn Team is excited to work with Chesapeake in the Powder River Basin and drive sustainable cost savings for Chesapeake’s completions efforts by reducing the landed cost of frac sand into the blender,” remarked Pronghorn CEO Dirk Hallen. “We are honored by Chesapeake’s selection of Pronghorn and believe Pronghorn’s reputation for service quality, safety, and efficiency drove this decision. We thank our fantastic employees and carrier partners for what they do every day to deliver for our clients in the field and maintain our reputation for best-in-class service and execution.”
About Pronghorn Logistics:
Pronghorn is the leading provider of end-to-end frac sand supply chain services for E&P companies looking to drive sustainable cost savings by direct procurement of frac sand. By optimizing sand sourcing for our clients, providing our best-in-class last mile and wellsite “sand warehouse” services and leveraging next generation sand equipment systems, Pronghorn achieves the lowest total cost of delivered sand in the industry while avoiding non-productive time on the wellsite. With operations in the Bakken (ND), MidCon (OK), Powder River Basin (WY), and Green River Basin (WY), Pronghorn has a proven track record of driving costs savings for E&P clients regardless of basin, completion intensity, or completion program scope.
Headquartered in Oklahoma City, Chesapeake Energy Corporation’s (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns an oil and natural gas marketing business.
Pronghorn Logistics Contact:
Chesapeake Media Contact:
Chesapeake Investor Contact:
Brady Sylvester, CFA