U.S. mines produced approximately $82.3 billion in minerals in 2020 – about $1.5 billion lower than the 2019 revised total of $83.7 billion – according to the U.S. Geological Survey (USGS).
Read MoreCategory: Frac Sand
Shell, C3 AI, Baker Hughes and Microsoft Launch Open AI Energy Initiative
Baker Hughes and Microsoft announced the launch of the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
Read MoreSmart Sand Buoyed by Eagle Acquisition
Smart Sand Inc announced fourth quarter and full year 2020 revenue of $25.3 million and $122.3 million, respectively; and fourth quarter and full year 2020 total tons sold of approximately 612,000 and 1,886,000, respectively, for the year ended Dec. 31, 2020.
Read MoreU.S. Silica Cites Surging Proppant Demand in Quarterly Report
U.S. Silica Holdings Inc. announced net income of $4.6 million, or $0.06 per basic and diluted share, for the fourth quarter ended Dec. 31, 2020, compared with a net loss of $292.9 million or $3.99 per basic and diluted share for the fourth quarter of 2019.
Read MoreThis Week’s Market Buzz
• The U.S. oil benchmark, WTI Crude, rose at press time to above $64 a barrel, soaring by more than 5%, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April. Brent Crude prices jumped above $67 per barrel, to $67.17, up by 5.10%, after OPEC+ sources…
Read MoreEmerging Hydraulic Fracturing Innovations
Ian Palmer, writing in Forbes, recapped emerging technology potentially impacting hydraulic fracturing in the future.
Read MoreAthabasca Commits to Advance Montney, Duvernay Projects
Athabasca Minerals Inc. (AMI) has bought out the “at arm’s length” partners of Privco1 and Privco2 to secure 100% ownership of each company, which respectively hold the Montney and Duvernay premium domestic sand deposits in Alberta, Canada. These transactions were combined and concluded for eight million AMI shares (plus $1.00), to be issued in three milestone installments and valued at…
Read MoreCST Grows Leadership Team
Building on its 127+ year legacy as a manufacturer of bolted steel tank, silo and aluminum domes, CST Industries Inc. (CST) made organizational changes within its domestic and international sales team.
Read MoreCanadian Premium Sand Switches Business Strategy
Canadian Premium Sand Inc. (CPS) announced a shift in the direction of its business strategy to focus on developing its Wanipigow silica sand deposit into a sustainable float glass manufacturing and coating facility.
Read MoreThis Week’s Market Buzz
Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brought havoc to a region that seldom faces frigid Arctic blasts, according to the Houston Chronicle. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in…
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