Atlas Energy Solutions Inc. (NYSE: AESI) is North America’s largest proppant producer used in hydraulic fracturing or "fracking" for oil and gas extraction. Fracking is the technique that allowed the United States to double its oil production over the last decade to become the world's largest oil producer. Atlas Energy produces and processes proppants, which are a combination of dry and damp soils in various mesh sizes.
The oil/energy sector company operates 12 proppant facilities producing up to 28 million tons across the Permian Basin and offers comprehensive last-mile logistics services. It primarily serves customers in the Permian Basin of West Texas and New Mexico, including Devon Energy Inc. (NYSE: DVN) and EOG Resources Inc. (NYSE: EOG). Its competitors include Smart Sand Inc. (NASDAQ SND) and acquired competitor High-Crush Inc.
