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This Week’s Market Buzz


• The global hydraulic fracturing market was estimated at $26.88 billion in 2017 and is witnessing a positive growth of more than 11.5 percent during the short-term period of 2019-2021. This growth will likely show a deceleration post-2022 owing to an expected supply surge, which is shaping up in the global market, according to www.marketexpertz.com.

• A decision made in 2016 by the Winona County Board to ban frac sand mining there has been upheld. This time the ruling came from the Minnesota Court of Appeals, agreeing with the district court denying Minnesota Sands a mining permit. In a statement, Minnesota Sands said the company is “extremely disappointed” by the ruling and is considering whether to appeal to the Minnesota Supreme Court.

• Bryan Shinn, president and chief executive officer of U.S. Silica Holdings, speaking about the company’s second-quarter earnings said, ''Higher sand volumes and pricing plus strong performance from Sandbox drove record contribution margin for Oil and Gas in the quarter. For our ISP segment, record revenue, contribution margin and contribution margin per ton was driven by a mix of higher volumes, higher pricing and a strong contribution from the EP Minerals acquisition, which closed during the second quarter.''