Iron Oak Expands Frac Sand Footprint With Signal Peak Silica Acquisition

Iron Oak Energy Solutions has acquired all operating assets of Signal Peak Silica, marking the proppant supplier’s fourth acquisition since its formation through the merger of Covia Energy and Black Mountain Sand in November 2024.

The deal expands Iron Oak’s footprint in two strategically important basins. Through the acquisition, Iron Oak adds two leading plants in the Eagle Ford shale, bringing its total to five complementary facilities within the basin, and establishes a leading in-basin supplier position throughout the Anadarko Basin of Oklahoma.

Both basins are expected to benefit from robust drilling and completion activity driven by growing natural gas demand to power data centers and support liquefied natural gas exports.

On a combined basis, Iron Oak now sells nearly 40 million tons per year of high-quality proppant to oil and gas producers from 15 active mining facilities.

“Signal Peak brings high-quality assets and strong operational capabilities that establish a meaningful position in the Mid-Con and deepen our leadership in the Eagle Ford,” said Michael Segura, President and CEO of Iron Oak Energy.

“We are confident this acquisition creates a stronger, more strategically positioned organization,” Jackson Wise, CEO of Signal Peak, said. “I am very proud of what the Signal Peak team has accomplished in building out leading positions in both the Eagle Ford and Mid-Con.”

Concurrent with the closing, Iron Oak entered an amended term loan facility with GoldenTree Asset Management, Silver Point Capital and other lenders.

Jefferies LLC acted as Sole Placement Agent for the term loan facility, and Latham & Watkins LLP acted as legal advisor to Iron Oak Energy for the acquisition and financing.