8 unchanged sentences
The information that follows is derived, in part, from the technical report summary prepared by John T.
−Removed: Boyd Company, our third party mining and geological consultant and an external qualified person, (“John T.
+Added: Boyd Company in February 2022, our third party mining and geological consultant and an external qualified person, (“John T.
Boyd”), in compliance with Item 601(b)(96) and subpart 1300 of Regulation S-K.
−Removed: Portions of the following information are based on assumptions, qualifications and procedures that are not fully described herein.
−Removed: Reference should be made to the full text of the technical report summary, filed as Exhibit 96.1 hereto, incorporated herein by reference and made a part of this annual report.
+Added: As of December 31, 2022, in the opinion of John T.
+Added: Boyd, there were no material changes in mineral (frac sand) resources/mineral (frac sand) reserves, material assumptions or other technical information from those reported in the February 2022 technical report.
+Added: As a result, we are relying on the February 2022 technical report, as updated by John T.
+Added: Boyd for immaterial changes in our reserves/resources as of December 31, 2022.
+Added: Portions of the following information are based on assumptions, qualifications and procedures that are summarized here and are described in more detail in the technical report.
+Added: Reference should be made to the full text of the technical report summary, incorporated herein by reference and made a part of this annual report.
Our natural sand proppant business mines, processes and sells high quality Northern White silica, a key input for the hydraulic fracturing of oil and gas wells, which we refer to as frac sand.
37 unchanged sentences
Piranha in Barron County, Wisconsin 766 320 —
−Removed: Muskie in Pierce County, Wisconsin — — —
Total 1,396 887 589
13 unchanged sentences
Further, as we do not own any mineral rights for the Muskie properties, but, rather, own only the surface rights to the processing plants, we do not (and do not expect to ever) report any reserves attributable to our Muskie property.
−Removed: updates our reserve estimates annually, making necessary adjustments for operations at each location during the year and additions or surveying, drill core analysis and other tests to confirm the quantity and quality of the reserves.
−Removed: The following table presents our estimated frac sand reserves by product mesh size for the Taylor and Piranha mines as of December 31, 2021:
−Removed: Estimated Proven Reserves (1)(2) at December 31, 2021
−Removed: Amount (Thousands of Tons)
−Removed: Mine Reserves Category 20/40 Mesh 40/70 Mesh 70/140 Mesh Total
+Added: Boyd updates our reserve estimates annually, making necessary adjustments for operations at each location during the year and
+Added: additions or surveying, drill core analysis and other tests to confirm the quantity and quality of the reserves.
+Added: The following table presents our estimated frac sand reserves for the Taylor and Piranha mines as of December 31, 2022 (amounts in thousands):
+Added: Mine Reserves Category Total Reserves (1)(2)
Taylor Proven 23,822
Piranha Proven 37,351
−Removed: Total 17,523 32,134 12,434 62,091
Pricing data based on the weighted average projected sales price for sand of $19.73 per ton for Taylor ’ s operations and $18.59 for Piranha ’ s operations.
25 unchanged sentences
Our Taylor operation is located less than one mile northwest of the town of Taylor, in Jackson County, Wisconsin and encompasses a total of approximately 393 acres.
−Removed: Approximately 148 acres of frac sand resources remain on this property.
+Added: Approximately 148 acres of frac sand resources remain on this
We own in fee numerous land parcels which comprise the processing plant site, mineral resource areas and rail loadout facility.
59 unchanged sentences
Our corporate headquarters are located at 14201 Caliber Drive, Suite 300, Oklahoma City, Oklahoma 73134.
−Removed: We currently own 15 properties, five located in Texas, four located in Wisconsin, four located in Ohio and two located in Oklahoma, which are used for field offices, yards, production plants or housing.
+Added: We currently own 12 properties, four located in Wisconsin, four located in Ohio, three located in Texas and one located in Oklahoma, which are used for field offices, yards, production plants or housing.
In addition to our headquarters, we also lease 24 properties that are used for field offices, yards or transloading facilities for frac sand.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.