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Victory Nickel Signs Option Agreement

In line with its strategy to provide a full suite of import and domestic frac sand products to the northern oil and gas markets, Victory Nickel Inc. announced that its subsidiary Victory Silica Ltd. has entered into an agreement with Short Grass Ranches Ltd. giving the company the option to mine frac sand from one of the owner’s properties.

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Emerge Looks Forward to 2019

Emerge Energy reported a net loss of $3.9 million, or $(0.12) per diluted unit, for the three months ended Sept. 30, 2018, compared to net income of $5.0 million, or $0.16 per diluted unit for the three months ended Sept. 30, 2017. For the three months ended June 30, 2018, net income was $9.4 million, or $0.30 per diluted unit.

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Smart Sand Touts Strong Third Quarter

Smart Sand, Inc. reported that third-quarter revenues were $63.1 million, a 16 percent increase compared to second quarter 2018 revenues of $54.4 million.

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Pioneer to Close Mine in Brady, Texas

Pioneer Natural Resources Co. said it will save $400,000 per well by closing its frac sand mine in Brady, Texas, and shifting supply to its mines in west Texas, closer to its oil and gas extraction operations, according to San Angelo Live.

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PLG’s Robinson Makes Frac Sand Market Observations

PLG Consulting’s president, Taylor Robinson, was part of Petroleum Connection’s 7th Annual Frac Sand Supply & Logistics Conference in San Antonio. The event was held in late October and more than 700 industry insiders gathered to discuss the most relevant topics in a dynamic industry that has hit an inflection point this year. Following are his observations.

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