Pump and Manufacturing Co. debuted its 6-in. rotary wellpoint pump (Model: 6RW-DIS-4LE2T-X) at this year’s ConExpo-Con/Agg trade show in Las Vegas.
Read MoreDay: May 28, 2020
Source Energy Services Offers Business Update
Source Energy Services Ltd. Reported preliminary results for the three months ended March 31. For the first quarter of 2020, Source achieved quarterly volumes of 762,322 metric tons (Mt) and revenue between CAD$93 million and CAD$98 million.
Read MoreCourt Rules for Proppant Express
Proppant Express Investments (PropX) announced that the United States Court of Appeals for the Federal Circuit upheld the decision of the United States District Court for the Southern District of Texas that PropX did not infringe on any of the patents asserted by SandBox Logistics LLC in a 2017 lawsuit.
Read MoreRystad: U.S. Oil Output Will Not Recover to Pre-Covid-19 Levels Until 2021
U.S. oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd) in June, a two-year low, Rystad Energy estimates, before it starts to slowly recover. Still, U.S. monthly output is not likely to exceed 11.7 million bpd before 2022, a staggering difference from the nearly 12.9 million…
Read MoreThis Week’s Market Buzz
• Investment bank Morgan Stanley expects Brent crude prices to rise to $40 per barrel during the last quarter of the year, citing improving demand as the main driver for higher oil prices. In a note to its clients, the bank states that it expects a strong rebound in demand, and even sees a supply deficit on the horizon if…
Read MoreGranite Publishes Sustainability Progress Report
Granite published its 2019 Sustainability Progress Report, which highlights the company’s advancement on environmental, social, governance and economic initiatives.
Read MoreEverything’s Bigger in Texas
May 28, 2020 – Digging a little deeper into the latest U.S. Geological Survey quarterly report, we find that Texas once again leads the nation in crushed stone, and sand and gravel production. In the first quarter of the year, Texas produced 40,600,000 metric tons of crushed stone, and 23,000,000 metric tons of construction sand and gravel, for a total of 63,600,000 metric tons of total…
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