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This Week’s Market Buzz


• WildHorse Resource Development reported that it is ahead of schedule in constructing an in-field sand mine in its Eagle Ford/Austin Chalk play area. Originally expected to come on line in the first quarter of next year, first sand loadings now are expected as soon as Nov. 1, with full operational capacity by the end of November. With in-basin sand supplies, the company said it anticipates saving $400,000 to $600,000 per well and improving Eagle Ford internal rates of return by up to 16 percent.

• Samir Nangia, IHS oilfield services analyst, said in a recent Wisconsin Public Radio story that 13 new sand mines are operating in the Permian Basin of west Texas. He said buying local allows energy companies to avoid paying $50 a ton to ship sand from Wisconsin.

• Ohio-based The Andersons Inc., is seeking to acquire Lansing Trade Group LLC, which among many other things, provides transload services for ethanol, natural gas liquids and frac sand.