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New Report: Demise of Shale ‘Greatly Exaggerated’

According to a report by Cowen & Co., the producer price index for frac sand rose 1 percent in October, following a 1 percent gain in September. At the end of October, it was at its highest level since the end of 2012.

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CanFrac Assets Sold

Select Sands Corp. reported that a special meeting of shareholders of CanFrac Sands Ltd. was held on Dec. 16, 2014, and pursuant to an Offer to Purchase and Purchase and Sale Agreement dated Nov. 25, 2014, entered into by the CanFrac and a private “numbered” Alberta company, the numbered company has agreed to purchase the properties, assets and undertakings of the corporation, comprising its frac sand business, as a going concern, including the goodwill associated with the business for a purchase price of $3,500,000.

Read more: CanFrac Assets Sold