Despite concerns about falling demand for frac sand in light of the plunge in oil prices, state officials say they haven’t noticed any slowing of mining activity in Wisconsin, according to the Cap Times. Deb Dix of the Department of Natural Resources, the agency lead on industrial sand mining, said companies are continuing to press forward. “I have not seen…
Read MoreCategory: Frac Sand
This Week’s Market Buzz
There’s been a lot of talk recently about how the frac sand industry will be affected by the recent drop in oil prices. But overall experts are saying frac sand miners shouldn’t be worried, there’s no evidence of a slowdown in Wisconsin, and it’ll take a lot more than a temporary drop in oil prices to change the demand for…
Read MoreNew Report: Demise of Shale ‘Greatly Exaggerated’
According to a report by Cowen & Co., the producer price index for frac sand rose 1 percent in October, following a 1 percent gain in September. At the end of October, it was at its highest level since the end of 2012.
Read MoreConsolidated Goldfields Acquires Mineral Rights in Canada
Consolidated Goldfields Corp. has acquired mineral rights in three properties in Alberta and Manitoba, Canada, from 1824455 Alberta Ltd. (182) that the company believes are strategically located for the exploration and development of frac sand.
Read MoreWisconsin Town Sees Unabated Frac Sand Development Activity
Frac sand development activity in and around the town of Rice Lake, Wis., continues unabated, according to Rice Lake Online.
Read MoreCanFrac Assets Sold
Select Sands Corp. reported that a special meeting of shareholders of CanFrac Sands Ltd. was held on Dec. 16, 2014, and pursuant to an Offer to Purchase and Purchase and Sale Agreement dated Nov. 25, 2014, entered into by the CanFrac and a private “numbered” Alberta company, the numbered company has agreed to purchase the properties, assets and undertakings of…
Read MoreThis Week’s Market Buzz
Select Sands Corp. has agreed to purchase the frac sand business of CanFrac Sands Ltd. for a purchase price of $3.5 million. Canfrac Sands produces 20/40, 40/70, 16/30, and 100 mesh sand. The corporation’s quarrying operations and processing facilities are located near the city of Lloydminster in Saskatchewan, Canada.
Read MoreFracking to Be Banned in New York State
Gov. Andrew M. Cuomo’s administration announced that it would ban hydraulic fracturing in New York State because of concerns over health risks, a move that strikes a serious blow to frac sand producers supplying product to the Marcellus and Utica Shale plays in that state.
Read MoreCanAm Coal Corp. Acquires Alberta Metallic Permit
CanAm Coal Corp. has completed the acquisition of a 100 percent interest in an Alberta Metallic and Industrial Minerals Permit covering approximately 1,200 acres of land containing high-quality silica sand in Central Alberta, Canada.
Read MoreWisconsin Lawmaker May Look at Statewide Standards
According to the Wisconsin Radio Network, a state lawmaker said he’s open to revisiting a proposal to create statewide standards for regulating frac sand mines.
Read More