This article from the August 2020 issue of The American Oil and Gas Reporter highlights the latest innovation from PropX – an innovative and patent-pending last mile frac sand logistics system designed to deliver wet or dry sand from the sand source to the frac blender.
Read MoreCategory: Frac Sand
Once Booming, Sand Mines Shuttered
According to an article in the Winona Post, frac sand mining has proven to be a boom and bust industry in Trempealeau County, Minn. From creating scores of jobs and bringing in millions in revenues to idling plants – local frac sand companies’ fortunes have fluctuated with oil prices and competition. Since the pandemic crushed global demand for oil, the…
Read MoreEagle Materials Successful Minus Oil and Gas Proppants Business
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2021 ended Sept. 30, including record second-quarter diluted earnings per share from continuing operations.
Read MoreSelect Sands Sees Material Increase in Customer Activity Levels
Select Sands Corp. announced operational and financial results for Q3 2020, and the filing of its financial statements and associated management’s discussion and analysis. The company:
Read MoreThis Week’s Market Buzz
• Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook. Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. West Texas Intermediate for January delivery rose 1.5% to $43.04 a barrel; Brent…
Read MoreBaker Hughes Expands into Carbon Capture
Baker Hughes said it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas, and broader industrial operations.
Read MoreHaliburton Bullish Despite Losses
Halliburton Co. reported a net loss of $17 million, or $0.02 per diluted share, for the third quarter of 2020. This compares to a net loss for the second quarter of 2020 of $1.7 billion, or $1.91 per diluted share.
Read MoreU.S. Silica Sand Sales Up 15%
U.S. Silica Holdings Inc. announced third quarter 2020 results, including revenue of $176.5 million compared with $172.5 million in the second quarter of 2020, up 2% sequentially and down 51% from the third quarter of 2019.
Read MoreSource Energy Services Sees Increase in Sand Volumes
Source Energy Services reported results for the third quarter of 2020 that reflect a rebound in activity levels in the WCSB, favorably impacting sand sales volumes which increased by 11% compared to the third quarter of 2019. While higher volumes were achieved, sand revenue and total sales revenue were lower by $2.4 million and $1.3 million, respectively, for the third…
Read MoreThis Week’s Market Buzz
• Oil prices fell sharply at press time, with Brent Crude, the global benchmark, falling as much as 5% before paring losses to trade 2.3% lower at $37.07 a barrel. West Texas Intermediate, the U.S. benchmark, was down 2.7% at $34.82 a barrel.
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