Business
Elinx acquires land in the middle of the Eagleford shale play
Elinx acquires land in the middle of the Eagleford shale play.
About this update from Elinx Corp.
[{"type":"text","content":"May 1st Elinx aquires 87 acres off hwy 37 with enough reserves for fine 100 mesh Frac Sand for about 3 years. Frac Sand is selling approx $40-$60 a ton. Elinx has MSA's with several of the major oil n gas Frac Sand purchasers in the Eagleford. Elinx is currently selling approx 30-50 trucks per day. Elinx is expected to quadrupal those numbers by the end of the year. Elinx has a fortune 500 major sand buyer ready to contract for the next 3-5 years on total production. Expected yearly production will be around 500,000 tons per year by years end. ","length":562,"tagName":"div"}]