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Covia’s Volumes, Revenues Increase

Covia announced results for the second quarter ended June 30. As a result of the merger that closed on June 1, 2018, Covia’s 2018 reported results under U.S. generally accepted accounting principles include the consolidated financial results of both Unimin Corp. and Fairmount Santrol Holdings Inc. for the seven months ended Dec. 31, 2018, as well as the stand-alone results for Unimin for the five months ended May 31, 2018, including the high-purity quartz (HPQ) business reported as discontinued operations.

Read more: Covia’s Volumes, Revenues Increase

Covia Sells Winchester and Western Railroad to OmniTRAX

Covia announced that it has executed a definitive agreement to sell its Winchester and Western Railroad (W&W) to an affiliate of OmniTRAX Inc. for total proceeds of $105.0 million in cash, subject to certain adjustments set forth in the definitive agreement. As part of the transaction, OmniTRAX will assume ownership of approximately 470 railcars, which the W&W currently owns.

Read more: Covia Sells Winchester and Western Railroad to OmniTRAX

U.S. Silica Posts Strong Second Quarter

U.S. Silica Holdings Inc. announced net income of $6.2 million, or $0.08 per basic and diluted share for the second quarter of 2019. In its oil and gas segment, the company is reporting:

Read more: U.S. Silica Posts Strong Second Quarter

Black Mountain Partners with Hexion

Black Mountain Sand LLC and The Oilfield Technology Group (OTG) of Hexion Inc. announced a partnership created to provide in-basin production of resin-coated proppants. The partnership utilizes Hexion’s Voyager SM mobile resin coating service and substrate from Black Mountain Sand.

Read more: Black Mountain Partners with Hexion