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This Week’s Market Buzz

• Oil prices have risen more than 15 percent over the last three months as global oil supply has tightened and Hurricane Harvey shut down supply lines. Brent crude oil LCOc1 was down 35 cents at $55.94 a barrel at press time and U.S. light crude was 40 cents lower at $50.

Read more: This Week’s Market Buzz

Fairmount Santrol Second Quarter Results Promising

Fairmount Santrol announced results for the second quarter ended June 30, 2017. Second-quarter 2017 revenues were $233.2 million, up 35 percent from $172.6 million in the first quarter of 2017 and up 104 percent from $114.2 million in the second quarter of 2016.

Read more: Fairmount Santrol Second Quarter Results Promising

Vista Opens Transload Facility in Pecos, Texas

Vista Proppants & Logistics (VPROP) has commenced commercial transload operations in Pecos, Texas, the newest addition to its terminal network. The facility has approximately 21,000 ft. of rail track that can hold two, 130-car unit trains and will be used for rail-to-truck frac sand transloading services.

Read more: Vista Opens Transload Facility in Pecos, Texas

OmniTRAX, SamSand Build Mine-to-Well/Hub-and-Spoke Network

Arrows Up LLC, the bulk-material-transport affiliate of OmniTRAX Inc., announced an agreement with SamSand, a mining operation in Garland City, Ariz. The companies are building what they call “a unique mine-to-well/hub-and-spoke network that will move frac sand to several oil and gas operators in Northern Louisiana faster and at a lower cost.”

Read more: OmniTRAX, SamSand Build Mine-to-Well/Hub-and-Spoke Network

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