This Week’s Market Buzz

• Covia’s recent presentation comparing BOE recoveries utilizing Northern White Sand (NWS) to Texas Gold (as a proxy for Regional Sand) is an eye-opener, according to Joel Schneyer, managing director at Capstone Headwaters. Covia reports 16 percent higher EUR’s resulting from the higher crush, sphericity and roundness, and lower acid solubility and turbidity of using NWS compared to Texas Gold. But, what does this really mean to the bottom line? Read his analysis here.

• Oil prices reached multi-year highs in early October but have fallen about 40 percent since then and are now approaching their lowest levels in 18 months. Brent crude oil was down $1.09, or 2 percent, at $53.38 a barrel while U.S. light crude oil was 78 cents lower at $45.44, a loss of 1.7 percent.

• Workers made a grisly discovery after a Maalt Transport frac sand silo in south Fort Worth, Texas, got clogged. Workers noticed a bit of measuring tape and, when they pulled on it, they uncovered the skeletal remains of Arthur West, 44, according to the Tarrant County medical examiner. The victim wasn’t an employee, a company representative told the Fort Worth Star-Telegram.

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