This Week’s Market Buzz

Workers for U.S. Silica Co. recently began building a transloading and storage facility off East Loop 338 in south Odessa, Texas, capable of storing 20,000 tons of frac sand to service the surging oil and gas production of the Permian Basin, according to OA Online. Company officials expect to finish the roughly $12 million facility – permitted by city officials…

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Rainmaker, Arkansas Silica Strike Deal

Rainmaker Resources (RMR) concluded a deal by way of a binding Letter Agreement with Arkansas Silica LLC (ASL) to option the 304-acre Bray frac sand property in Northeast Arkansas. ASL currently has a purchase option on the property from the landowners. RMG has tested and assessed the initial potential and plans to deliver an NI 43-101 resource estimate in 90-120…

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DOJ Rules Martin Marietta Must Divest

June 27, 2014 – The Department of Justice has spoken. I’m not sure they know what they are talking about, but they HAVE spoken. Martin Marietta Materials must divest an Oklahoma quarry and two Texas rail yards in order to proceed with its proposed $2.7 billion acquisition of Texas Industries, according to the agency. Without the divestiture, the proposed acquisition was…

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