Market Buzz

This Week’s Market Buzz

Details: Published: Thursday, 01 June 2017 15:56

• Arrows Up LLC, an affiliate of both OmniTRAX Inc., one of the largest privately held transportation-service companies in North America and The Broe Group, was issued U.S. Patent No. 9,650,216 titled “Bulk Material Shipping Container Unloader” on May 16, 2017. The patent covers the design, construction and usage of the Arrows Up Rack & Riser, which helps shippers of frac sand and other bulk commodities quickly and efficiently unload product into storage or transport receptacles. “Our intellectual property around the loading, transport and unloading of bulk materials positions Arrows Up as the leading solution provider for the frac sand and related industries. We can now help shippers and receivers manage their commodities with more precision, while reinforcing safety throughout the supply chain,” said John Allegretti, founder and CEO of Arrows Up.

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This Week’s Market Buzz

Details: Published: Thursday, 18 May 2017 12:52

• According to the Winona Post, the Land Stewardship Project (LSP) made a move to join the legal battle over Winona County’s frac sand ban. Attorneys for LSP filed a motion to intervene in a lawsuit challenging the county’s ban on mining sand for industrial purposes. If the motion is granted, LSP “will defend the lawsuit shoulder-to-shoulder with the county,” LSP attorney Ed Walsh stated. Potentially, LSP could also block the county from reaching a settlement that weakens or dismantles the ban, according to Walsh.

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This Week’s Market Buzz

Details: Published: Thursday, 20 April 2017 15:16

• Emerge Energy Services, Fort Worth, Texas, said it is buying a small operation south of San Antonio to transform it into a much larger mine to serve the hydraulic fracturing needs of the oil sector. The mine, owned by Osburn Materials of San Antonio, produces sand for building materials, golf courses and baseball fields. Emerge is buying it for $20 million with plans to spend more to rapidly expand it for the oil and gas sector. Emerge borrowed $40 million to finance the acquisition and expansion, according to regulatory filings, said the San Antonio Express-News.

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This Week’s Market Buzz

Details: Published: Friday, 05 May 2017 10:23

• Fairmount Santrol released its 11th annual Corporate Social Responsibility (CSR) Report, “Staying True,” which highlights the company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments of Fairmount Santrol Family Members in 2016. Family Members achieved 101 percent of the 2016 SD team goals and individual facilities achieved 97 percent of their SD goals, while shipping the highest volume of raw frac sand in the company’s history. The company also achieved zero waste at 27 of 31 facilities in operation, including the largest facilities; and donated $1.2 million to local communities, funding the health, wellness and education of the next generation as well as the health of the planet. “By Staying True to our long-standing belief that investing in People, Planet and Prosperity pays, our people remain inspired, our efficiency has improved and our stakeholders are reaping the benefits from both previous and current efforts. Core to who we are, we will continue to invest in the development of our people, ensuring that we have the talent required to lead our company as we look to 2017 and beyond,” said Jenniffer Deckard, president and chief executive officer.

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This Week’s Market Buzz

Details: Published: Thursday, 06 April 2017 14:10

• Mammoth Energy Services has agreed to acquire frac sand mining company Taylor Frac and two oilfield service businesses for issuance of 7 million common shares. Based upon Mammoth Energy Services’ March 20 closing price of $19.06/share, the value of the transaction is $133.8 million, including the assumption of $7.3 million in debt. Mammoth Energy Services said it plans to expand the Taylor Frac processing facility to 1.75 million tpy by year-end 2017 at an estimated cost of $23 million. Chieftain Sand and Proppant LLC won a bankruptcy court order approving its $35 million sale to Mammoth Energy Services as well.

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This Week’s Market Buzz

This Week’s Market Buzz

This Week’s Market Buzz

This Week’s Market Buzz

This Week’s Market Buzz

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