Black Mountain Sand, Diamondback Energy Ink Supply Contract

Black Mountain Sand LLC has entered into a new multi-year supply contract with Diamondback Energy Inc., beginning in early 2018. This agreement will ensure Diamondback’s long-term continuity of frac sand supply through committed capacity of Black Mountain’s two 4 million tpy facilities and 1.5 billion tons of in-basin frac sand reserves.

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This Week’s Market Buzz

• Oil prices have slipped recently, pulling back from recent gains as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia. The oil market has been in consolidation mode after a sharp rally between mid-June and late July pushed U.S. crude futures above $50 a barrel for the first time in several weeks.…

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Cat CFO Halverson to Retire

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Concluding a career spanning more than three decades with the company, Caterpillar Inc. announced that Group President and Chief Financial Officer (CFO) Brad Halverson has elected to retire in early 2018. “As a second generation Caterpillar employee, Brad’s roots began well before he joined the company, and on behalf of the extended Caterpillar family, I want to thank him for…

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Prinoth Adds CG Equipment to Dealer Network

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Prinoth Ltd. announced that Ontario-based CG Equipment as its newest tracked vehicles dealer in Canada. CG Equipment will represent the Panther lineup in Ontario where there is an influx of activity. Well-established as a construction dealer, CG Equipment will service the province’s various markets as well as other off-road projects and industries.  With the announcement of the Prinoth and CG…

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Richard M. Deister Promoted at Deister Machine Co.

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Representing the fourth generation of Deister leadership, Richard (Rich) M. Deister was recently promoted to executive vice president of Deister Machine Co., a leading provider of innovative screening, scalping and feeding solutions for the aggregate and mining industries. “Rich has a proven track record for successfully leading large scale initiatives and driving innovation. His leadership skills are well suited to…

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