Fairmount Santrol announced fourth-quarter and full-year 2014 sales volumes. The company reports a strong fourth quarter driven by total sales volumes of approximately 2.5 million tons, an increase of 15 percent compared with the prior-year period. Overall, fourth-quarter raw sand volumes were 2.1 million tons, and value-added coated product volumes were 0.4 million tons, up 11 percent and 41 percent,…
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This Week’s Market Buzz
The CEO of CSX, Michael Ward, stated during the company’s investor conference call, “Right now, as we look out through 2015 we don’t see any significant impact at all in our crude oil by rail into the eastern markets, and certainly in our frac sand markets where we’re moving into the Utica and the Marcellus area, where the natural gas…
Read MoreSelect Sands Drilling at Sandtown
Select Sands Corp. updated its ongoing drill program on its Sandtown Frac Sand property in northeast Arkansas. The property is underlain by the Ordovician St. Peter sandstone formation, which is the source of ‘Ottawa White’ frac sand selling into the major U.S. oil and gas plays.
Read MoreCarbo Looks Ahead to Market Success
Carbo Ceramics Inc. reported adjusted net income of $16.1 million, or $0.70 per share, excluding certain asset write-downs and other adjustments of $15.7 million, or $0.68 per share, on revenues of $167.8 million for the quarter ended Dec. 31, 2014. Reported net income for the fourth quarter of 2014 was $0.4 million, or $0.02 per diluted share.
Read MoreBrilliant Sands Initiates Exploration Program
Brilliant Sands Inc. (BSI), formerly Consolidated Goldfields Corp., has initiated a comprehensive exploration program at its McClelland Lake frac sand project in Alberta, Canada. The company considers McClelland its highest priority and most advanced project within the frac sand portfolio that was recently acquired from 1824455 Alberta Ltd.
Read MorePreferred Sands Canada’s Hanson Lake Facility Sold
Gordon Brothers Group and Hilco Industrial, a unit of Hilco Global, announced that they have acquired the assets of Preferred Sands Canada’s Hanson Lake facility in Saskatoon, Canada, in a joint venture.
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Canadian National Railway Co. reported better-than-expected fourth-quarter earnings and boosted its dividend, but lagged its main Canadian rival in a key efficiency measure. CN Rail said it is aiming to increase shipments of crude oil and frac sand in 2015 despite a steep decline in the price of oil. “There’s a lot of investments that are being made by our customers…
Read MoreCanadian Railways Dealing With Demand
According to CTV News, volatility in energy prices is expected to be a “wild card” for Canadian railways in the long term, but crude-by-rail volumes should continue to grow, albeit more slowly, in 2015.
Read MoreReport Gauges World Frac Market Potential
Research and Markets has announced the addition of the report “Global Hydraulic Fracturing & Services Market Analysis and Forecast (2011-2020)” to its information product offerings.
Read MoreVictory Nickel Expands Network in Minnesota
Victory Nickel Inc. announced that it has contracted with a second Jordan formation Wisconsin-based supplier of washed concentrated Northern White frac sand and a second transload facility in St. Paul, Minn.
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