CARBO Ceramics Inc. reported that revenue for the second quarter of 2017 was $43.6 million, an increase of 111 percent year-over-year and 26 percent sequentially. The company is reporting an operating loss of $23.7 million for the quarter compared to revenue of $20.7 million and an operating loss of $30.0 million in the same period of 2016.
Read MoreDay: July 27, 2017
Eagle Materials Proppant Revenues Jump 271 Percent
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2018 ended June 30, 2017. The company is reporting record revenues of $366.1 million, up 23 percent.
Read MoreBMC Acquires Sand Reserves Near Kermit, Texas
Badger Mining Corporation (BMC) recently purchased property containing sand reserves located north of Kermit, Texas. The property contains more than 35 years of estimated sand reserves, predominately featuring finer grades of sand such as 40/70 and 100 mesh. The reserve will add in-basin Texas sand to BMC’s portfolio of Wisconsin Northern White, Atlas resin coated sand, TURBOprop, and extensive North…
Read MoreFairmount Locks Up 3,250 Acres of Sand Reserves in Texas
Fairmount Santrol has entered into a definitive 40-year lease agreement for approximately 3,250 acres of sand reserves located in Winkler County, Texas, in the Permian basin near Kermit, Texas.
Read MoreThis Week’s Market Buzz
• A recent note released by Credit Suisse outlines the current development in frac sand supply and demand. Total U.S. demand for frac sand was highest in 2014, when the country consumed 56 million tons. Demand fell off during the downturn, and in 2015 and 2016 the U.S. consumed 48 and 34 million tons of sand, respectively. Increased activity has…
Read MoreMSHA Reports Fifth Fatality This Year
The Mine Safety and Health Administration (MSHA) reported a fatality at EP Management Corp.’s Celatom Plant, a nonmetallic minerals operation in Oregon. On July 14, a part-time mine employee was moving irrigation pipe by hand and was electrocuted when the pipe came in contact with high-voltage transmission lines overhead.
Read MoreEagle Materials Reports Strong First Quarter
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2018 ended June 30, 2017. The company is reporting record revenues of $366.1 million, up 23 percent.
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