Light, sweet crude for delivery rose 44 cents, or 0.8 percent, to $53.19 a barrel during the Globex electronic session of the New York Mercantile Exchange. Brent crude for March delivery added 48 cents, or 0.9 percent, to $55.56/barrel. Prices continue to swing back and forth around the low $50-a-barrel level, and traders continue to weigh the outlook for a…
Read MoreDay: January 26, 2017
Proppant Transport Technology for Use in High Salinity Water
Fairmount Santrol announced an extension to Propel SSP proppant transport technology, which increases hydraulic fracturing efficiency, for plays where operators face high produced-water disposal costs and constraints on freshwater availability.
Read MoreEagle’s Proppant Business Down in Third Quarter
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2017 ended Dec. 31, 2016. The company is reporting:
Read MoreHamm: We Can Double Oil Production to 20 Million Barrels a Day
U.S. drillers have the ability to double the country’s oil production to 20 million barrels a day, but doing so too soon would tank oil prices, Continental Resources CEO and fracking advocate Harold Hamm said.
Read MoreInfrastructure on the Front Burner
Jan. 24, 2017 – The National Stone, Sand and Gravel Association reports that President Trump signed an executive order that is designed to speed up environmental reviews and fast-track critical infrastructure projects. “We intend to fix our country, our bridges, our roadways,” he said at a press event. “We can’t be in an environmental process for 15 years if a bridge…
Read MoreQuarry Lockout Continues in Canada
Workers at Texada Quarrying on Texada Island in British Columbia, Canada, have been locked out since the middle of October, reported the Powell River Peak. Bargaining between LafargeHolcim and United Steelworkers Local 816 has fallen through over wording around seniority rights, despite an offer to improve benefits and wages from the company.
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