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Smart Sand revenues Jump 141 Percent

Smart Sand, Inc. announced results for the first quarter ended March 31, 2017. “Smart Sand had a strong first quarter, substantially increasing our sales volume sequentially and year over year,” stated Charles Young, chief executive officer. “We believe this is evidence that oil and gas industry activity is continuing to improve and demand for frac sand is continuing to increase. As a result of the increased market demand for our high quality, finer mesh Northern White frac sand, we have decided to move forward with an expansion to 5.5 million tons of nameplate annual capacity by year-end. We also believe there are cost efficiencies we can realize as the result of building two dry plants and a wet plant in an integrated design. While our primary focus remains on growing our Oakdale facility and enhancing its logistics and operational capabilities, we will continue to explore regional sand, in-basin transloads and last mile logistical opportunities. We believe that as we operate near full-capacity, we will see cost improvements and pricing increases which will help us in continuing to deliver strong financial results for our investors.”

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Syverson: The Market Has Reawakened

Kent Syverson, chairman of University of Wisconsin-Eau Claire’s geology department, told the Eau Clair, Wis., Leader-Telegram, “The [frac sand] industry was fairly dormant for a while, but now it has reawakened.” Syverson added, “These mines are going full out again.”

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Hi-Crush Touts Higher Sales; Successful First Quarter

Hi-Crush Partners reported first quarter 2017 results. Revenues for the quarter ended March 31, 2017, totaled $83.4 million on sales of 1,384,887 tons of frac sand. This compares to $67.3 million of revenues on sales of 1,358,511 tons of frac sand in the fourth quarter of 2016. The limited partners' interest in net loss was $5.4 million for the first quarter of 2017.

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