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Black Mountain Sand, Diamondback Energy Ink Supply Contract

Black Mountain Sand LLC has entered into a new multi-year supply contract with Diamondback Energy Inc., beginning in early 2018. This agreement will ensure Diamondback’s long-term continuity of frac sand supply through committed capacity of Black Mountain’s two 4 million tpy facilities and 1.5 billion tons of in-basin frac sand reserves.

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CARBO Ceramics’ Revenues Increase 111 Percent

CARBO Ceramics Inc. reported that revenue for the second quarter of 2017 was $43.6 million, an increase of 111 percent year-over-year and 26 percent sequentially. The company is reporting an operating loss of $23.7 million for the quarter compared to revenue of $20.7 million and an operating loss of $30.0 million in the same period of 2016.

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Eagle Materials Proppant Revenues Jump 271 Percent

Eagle Materials Inc. reported financial results for the first quarter of fiscal 2018 ended June 30, 2017. The company is reporting record revenues of $366.1 million, up 23 percent.

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BMC Acquires Sand Reserves Near Kermit, Texas

Badger Mining Corporation (BMC) recently purchased property containing sand reserves located north of Kermit, Texas. The property contains more than 35 years of estimated sand reserves, predominately featuring finer grades of sand such as 40/70 and 100 mesh. The reserve will add in-basin Texas sand to BMC’s portfolio of Wisconsin Northern White, Atlas resin coated sand, TURBOprop, and extensive North American distribution footprint.

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