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Emerge Energy Sells a Record 1.5 million Tons in First Quarter

Emerge Energy Services LP said first-quarter total volumes sold increased 7 percent sequentially to a record 1.503 million tons in the first quarter; and net income of $1.5 million and diluted earnings per unit of $0.05 for the first quarter, compared to a net loss of $11.4 million, or $(0.38) per diluted unit for the three months ended March 31, 2017.

Read more: Emerge Energy Sells a Record 1.5 million Tons in First Quarter

Rail Congestion a First-Quarter Obstacle for Hi-Crush

Hi-Crush Partners LP reported revenues for the first quarter of 2018 totaled $218.1 million on sales of 2,617,627 tons of frac sand. This compares to $216.5 million of revenues on sales of 2,985,115 tons of frac sand in the fourth quarter of 2017.

Read more: Rail Congestion a First-Quarter Obstacle for Hi-Crush

Weather, Plant Start-Ups, Drag Down Fairmont Santrol First Quarter

Fairmount Santrol announced results for the first quarter ended March 31, 2018. Total company volumes sold were 3.2 million tons for the quarter, down 4 percent from the fourth quarter of 2017 but an increase of 20 percent from 2.7 million tons in the first quarter of 2017.

Read more: Weather, Plant Start-Ups, Drag Down Fairmont Santrol First Quarter

This Week’s Market Buzz

• The Wisconsin Department of Natural Resources issued a permit allowing OmniTRAX Logistics Services to fill in more than four acres of wetlands in Jackson County, Wis., in order to install nearly 10 miles of track in a loop along the banks of Halls Creek, a Class II trout stream that feeds into the Black River. OmniTRAX said it will use the terminal to fill more than 80 rail cars per day with sand from a nearby mine. Sand will be processed near the mine and brought to the rail terminal by a nearly two-mile-long conveyor that will pass under two public roads. The company said it intends to ship about 3 million tons of sand each year to Montana and Texas.

Read more: This Week’s Market Buzz

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