Frac sand producers are raising prices due to stronger demand, betting on an improving outlook for the oil industry, said Scott Cockerham, managing director at consulting firm Huron. “It’s a very symbiotic system,” he said. However, of late, crude prices have also dipped from their recent highs near $52 a barrel; U.S. crude futures were trading at $43.87 a barrel,…
Read MoreDay: November 17, 2016
Fairmount Santrol Third-Quarter Report Offers Promise
Fairmount Santrol announced results for the third quarter of 2016. Third-quarter revenues were $134.8 million, up 18 percent from $114.2 million in the second quarter of 2016 and down 21 percent from $171.0 million for the third quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, an increase of 24 percent from 2.0 million tons in…
Read MoreOmniTRAX Acquires Assets of Terracor Group
OmniTRAX Inc. has agreed to acquire all assets of Terracor Group, a frac sand logistics company, including three transload facilities with vertical silo storage in Texas and Montana. Included in the transaction is a high-quality frac sand mining opportunity located in Wisconsin.
Read MoreBMC Opens Research and Development Center
A previously unoccupied building in Taylor, Wis., is now home to Badger Mining Corp.’s (BMC) new state-of-the-art Research and Development Center. Renovations to the 5,280-sq.-ft. building, which at one time housed an athletic apparel business and more recently was used for larger meetings and gatherings, began in September 2015 and were completed in early 2016. Final additions to the lab…
Read MoreHexion Releases New Resin-Coated Proppants
The Oilfield Technology Group (OTG) of Hexion Inc. announced the release of its kRT resin-coated proppants that provide a cost-effective option for the oil and gas industry, while delivering superior performance compared to uncoated frac sand, according to the company.
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