Smart Sand

General Information

The oil and natural gas proppant industry is comprised of businesses involved in the mining or manufacturing of the propping agents used in the drilling and completion of oil and natural gas wells. Hydraulic fracturing is the most widely used method for stimulating increased production from wells. The process consists of pumping fluids, mixed with granular proppants, into the geologic formation at pressures sufficient to create fractures in the hydrocarbon-bearing rock. Proppant-filled fractures create conductive channels through which the hydrocarbons can flow more freely from the formation into the wellbore and then to the surface.

Employees: 97
Founded: 2009
Contact Information
Address 24 Waterway Avenue, Suite 350, The Woodlands, TX 77380, US
Phone Number (281) 231-2660
Web Address
View Prospectus: Smart Sand
Financial Information
Market Cap $522.1mil
Revenues $43.0 mil (last 12 months)
Net Income $2.1 mil (last 12 months)
IPO Profile
Symbol SND
Exchange NASDAQ
Shares (millions): 11.7
Price range $11.00 - $11.00
Est. $ Volume $128.7 mil
Manager / Joint Managers Credit Suisse/ Goldman Sachs
CO-Managers Jefferies/ Simmons & Company International (Energy Specialists of Piper Jaffray/ Tudor, Pickering, Holt/ Deutsche Bank Securities
Expected To Trade: 11/4/2016
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change