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This Week’s Market Buzz

•    Gaurav Sharma, writing in Forbes magazine, said “No matter which data aggregator you turn to, chances are recent records would rarely indicate prices exceeding $30 per ton for all frac sand types. These include the Northern White, Brown Sand from Hickory formation, and in-basin sand from West Texas mines. That's because a supply and demand imbalance in tandem with capital expenditure constraints of majority of U.S. shale players are hammering the market.”

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This Week’s Market Buzz

•    Wayfinder Corp. has partnered with TR Transport Inc. to provide last-mile frac sand delivery and logistics solutions. The added service strengthens the company’s commitment to “Total Proppant Management,” which includes Wayfinder’s ability to provide Northern White, Regional and Resin Coated Sand through several strategic locations across the Western Canadian Sedimentary Basin. Wayfinder’s commitment to Total Proppant Management results in low risk, convenient, cost effective solutions for oil and gas companies operating in western Canada, the company stated.

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This Week’s Market Buzz

•    Oil prices dropped at press time, even though the Trump administration officially ended waivers that had been granted to some nations allowing them to continue importing oil from Iran. WTI crude oil prices fell by nearly 3.8% to $61.19 per barrel, while Brent Crude dropped to $69.95 per barrel.

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This Week’s Market Buzz

•    Two people died following a construction accident at a frac sand storage and shipping facility in northwestern Alberta, Canada, according to the CDC. Occupational Health and Safety is investigating the workplace incident which took place at a Source Energy Services terminal facility south of Fox Creek.

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This Week’s Market Buzz

•    GZA received the Rock Solid Excellence in Safety Award from the Illinois Association of Aggregate Producers (IAAP) for the 13th year in a row. The company’s Mark Krumenacher is also the proud recipient of the IAAP’s Associate Member Leadership Award for his tireless work for the organization promoting sustainability and environmental stewardship in mining.

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