The Chemours Company, a global chemistry company with leading market positions in titanium technologies, thermal and specialized solutions, and advanced performance materials, invited key community stakeholders and legislators to a ribbon cutting event on Oct. 14 to officially recognize the startup of its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that…
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Source Energy Services Completes Refinancing of Senior Credit Facility
Source Energy Services Ltd. has closed a new revolving asset-backed senior credit facility with a syndicate comprising FGI Worldwide LLC and CIT Northbridge Credit, as advised by CIT Asset Management LLC, providing access to financing of approximately C$75 million (US$55 million, and has made the Aug. 15, 2022, cash interest payment on its 10.5% senior secured first-lien notes due March…
Read MoreAtlas to Build Out Office Space in Austin
According to state and local economic development sources Atlas Sand dba Atlas Energy Solutions plans to invest $1,083,000.00 to build out 11,412 sq. ft. of new space in Austin, Texas. The company plans to occupy the new space at 5918 W. Courtyard Dr., Ste. 400, Austin, Texas, on or about April 1, 2023.
Read MoreU.S. Silica Holdings Reports Revenue Increase
U.S. Silica Holdings Inc. announced net income of $32.1 million, or $0.41 per diluted share, for the third quarter ended Sept. 30. The third quarter results were negatively impacted by $2.1 million pre-tax, or $0.02 per diluted share after-tax, of charges primarily related to merger and acquisition related expenses and optimization costs, partially offset by the gain on extinguishment of…
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• At press time Brent crude futures dropped $1.13 or 1.17%, to $95.83 a barrel, having climbed by 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down $1.08, or 1.21% at $88.01.
Read MoreSuperior Equipment Designed for Frac Sand Plants
Silica sand was historically used and consistently produced for golf courses, glassmakers and some industrial consumers. Then, in about 2010, demand dramatically increased as oil and gas producers discovered the durable, crush-resistant material. Overnight, frac sand production became the new gold rush, said Superior Silica Sand.
Read MoreCDE Offers FracLine Frac Sand System
Fracking can be a volatile industry, so it’s important for frac sand producers to remain agile, according to CDE The industry can shift its focus fast, so it is critical to ensure that operations are adaptable (and relocatable) to take advantage of opportunities.
Read MoreMcLanahan Frac Sand Plants Designed to Remove Silt/Clay Impurities
According to McLanahan Corp., frac sand plants can be engineered in many configurations, including high-capacity multi-stage classification and long attritioning cycles, or the plants can be as simple as skid-based cyclones and dewatering screens making a 140 mesh cut.
Read MorePhoenix Offers Solutions For Tailings Dewatering, Water Management
According to Phoenix Process Equipment, producers of construction aggregates, industrial sand, frac sand and minerals are confronted with changing business environments relating to materials specifications, production costs, the availabilities of reserves and water, and environmental regulations.
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures were down $2.73, or 2.89%, at $91.84 a barrel while U.S. West Texas Intermediate (WTI) crude futures fell $3.11, or 3.5%, to $85.99.
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