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8-K - FORM 8-K - Sable Natural Resources Corp | d82956e8vk.htm |
Exhibit 99.1
NYTEX Energy Holdings Subsidiary Francis Drilling Fluids Nears Completion of a 100,000 Square
Foot Warehouse in Alice, Texas
DALLAS June 10, 2011 NYTEX Energy Holdings, Inc. (OTCQB: NYTE) announced today that Francis
Drilling Fluids, Ltd. (FDF) is approaching completion of a 100,000 square foot warehouse and
operating facility located on 20 acres of land in Alice, Texas. Upon completion the warehouse will
be able to store 58 million pounds of proppant, while additional proppant will be stored in 46 frac
sand silos.
The construction of this facility was necessitated by FDFs increasing foot print in the south
Texas region, and specifically their considerable support of the drilling activities in the
Eagleford shale, which is one of the most active and fastest growing shale plays in the United
States.
Michael Galvis, President and CEO of NYTEX Energy Holdings said, This extensive frac proppant
storage facility, along with our main Alice facility which has been operating at capacity for some
time, are both located to serve the hottest shale play where there are more rigs drilling, about
154, than any other shale play in the U.S. This signifies the extent to which FDF has positioned
itself to dominate the proppant distribution market in that play.
About
NYTEX Energy Holdings, Inc.
NYTEX Energy Holdings, Inc. is a Dallas-based energy holding company consisting of two wholly-owned
subsidiaries, Francis Drilling Fluids, Ltd. (FDF http://www.fdfltd.com) and NYTEX Petroleum,
Inc.
Francis Drilling Fluids is a thirty-four year old drilling fluids service company. Headquartered
in Crowley, LA, FDF is the leading single frac sand, ceramic proppant and water-based liquid
drilling mud distributor in the United States and provides services to oilfield clients in
thirty-nine states. They are active in many oil and gas plays some of which include the Marcellus,
Bakken, Barnett, Haynesville, Fayetteville and Bossier shales. NYTEX Petroleum, Inc. is an
exploration and production company focusing on early stage development of minor oil and gas
resource plays.
This press release includes forward-looking statements as defined by the Securities and
Exchange Commission. Such statements are those concerning the contemplated transaction and
strategic plans, expectations and objectives for future events and operations. All statements,
other than statements of historical facts, included in this press release that address activities,
events or developments that NYTEX Energy Holdings expects, believes or anticipates will or may
occur in the future are forward-looking statements. These statements are based on certain
assumptions made by NYTEX Energy Holdings based on its experience and perception of historical
trends, current conditions, expected future developments and other factors it believes are
appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of NYTEX Energy Holdings. Investors are
cautioned that any such statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the forward-looking statements.
Contact Information:
NYTEX Energy Holdings, Inc
Kenneth Conte
(972) 770-4700
NYTEX Energy Holdings, Inc
Kenneth Conte
(972) 770-4700