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Victory Nickel Suspended Production in Q1

Victory Nickel Inc. reported financial results for the three- and six-month periods ended June 30, 2015. Effective Oct. 1, 2014, the company changed its functional currency and presentation currency to the United States dollar from the Canadian dollar.

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Brilliant Sands Touts McClelland Lake Project

Brilliant Sands Inc. has received extremely positive results from the continuous exploration program at its McClelland Lake sand property in Alberta, Canada. The results confirm initial test results indicating the presence of high-quality proppant sand deposits at the property.

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Fairmont Santrol Reports Reduced Frac Sand Volumes

Fairmount Santrol announced results for the second quarter ended June 30, 2015. Second-quarter 2015 revenue totaled $221.3 million, down 34 percent from $334.3 million for the same period in 2014, and down 27 percent from $301.5 million in the first quarter of 2015.

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Headwaters Report Predicts Long-Term Proppant Growth

Headwaters MB released its mid-year 2015 Oilfield Services Outlook. The report notes that 2015 has thus far been a retrenchment year, with the number of land-based drilling rigs dropping by approximately 50 percent since November 2014 and companies in the oil services sector reacting to the new oil price deck reality.

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