There is perhaps no industry that better captures the money-multiplying effect of the Permian boom. (Bloomberg) — Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. It stretches in every direction, interrupted only by an occasional strip of asphalt or clusters of silos that rise high into the sky. Edwards runs a frack-sand mine. And those silos mark the presence of his rivals, who suddenly seem to be popping up everywhere. As he turns 360 degrees under the blistering midday sun, he calls out their names one by one: “Badger … Atlas … High Roller … Alpine … Black Mountain … Covia.” Twelve months ago, none of them existed — not even the mine owned by Edwards’s employer, Hi-Crush Partners. It was the first of its kind here in West Texas. Day one was July […]