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Drop in Oil Prices Brings Uncertainty

According to Business Insider, the global collapse of oil prices may have a bigger impact on the shale boom than anyone realizes. However the biggest threat may not be to the existing wells in the U.S., but the untapped resources around the world.

 

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Victory Nickel Quantifies Deposit

Victory Nickel Inc. announced that a resource estimate of approximately 11 million tons of sand has been completed by Summit Envirosolutions Inc. on the company's Bear Coulee frac sand property and will be incorporated into a National Instrument 43-101 technical report. The Bear Coulee frac sand property is located in Trempeleau County, Wis., and was optioned by Victory Nickel in the fourth quarter of 2014.

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Fairmont Santrol Confident About Future

Fairmount Santrol announced fourth-quarter and full-year 2014 sales volumes. The company reports a strong fourth quarter driven by total sales volumes of approximately 2.5 million tons, an increase of 15 percent compared with the prior-year period. Overall, fourth-quarter raw sand volumes were 2.1 million tons, and value-added coated product volumes were 0.4 million tons, up 11 percent and 41 percent, respectively, over the prior-year period.

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Hi-Crush Reports Record 2014 Results

Hi-Crush Partners reported record fourth quarter and full year 2014 results. Net income for the quarter was $38.4 million. The company reported earnings before interest, taxes and depreciation and amortization of $44.6 million for the fourth quarter of 2014.

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Select Sands Drilling at Sandtown

Select Sands Corp. updated its ongoing drill program on its Sandtown Frac Sand property in northeast Arkansas. The property is underlain by the Ordovician St. Peter sandstone formation, which is the source of 'Ottawa White' frac sand selling into the major U.S. oil and gas plays.

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