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Actionable news in EMES: EMERGE ENERGY SERVICES LP,

U.S. frack sand supplier shares dive on oversupply worries

Shares tumbled on Friday for miners that supply sand to U.S. shale producers for use in fracking, as investors worried about a possible glut of the material the day after a major supplier announced a big new mine in West Texas, home to the Permian Basin, the largest U.S. oilfield.

Shares of Fairmount Santrol Holdings Inc, Hi Crush Partners LP and Smart Sand Inc each fell more than 10 percent. U.S. Silica Holdings Inc fell nearly 9 percent and Emerge Energy Services LP lost nearly 8 percent.

On Thursday, privately held Unimin Corp, the third largest supplier by capacity of so-called frack sand, said it would open a new mine in West Texas and produce up to 5 million tons of sand annually...


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