Bracewell & Giuliani LLP is representing FTS International, Inc. (FTSI), a leading provider of pressure pumping services, in the sale of substantially all of the assets of its proppant mining and processing business and related logistics assets to Fairmount Minerals. In connection with the closing of the transaction, FTSI will enter into a long-term supply agreement with Santrol, a Fairmount Minerals’ company, to supply FTSI’s proppant needs.
The transaction will include substantially all of FTSI’s sand mines, raw sand processing plants, resin coating plants, railroad transload sites and various other properties and facilities. FTSI will retain its “last mile” trucking operations, which are used to transport proppant from transload sites to well locations. The sale is expected to close by the end of the third quarter.
Bracewell attorneys working on the transaction include:
Partners: Michael S. Telle, Dan E. Hemli, Jason B. Hutt
Counsel: Jacqueline R. Java
Associates: Becky L. Baker, Harrison F. Bolling, Jeffrey H. Gilbert, Matthew A. Haynie, Allison K. Perry