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Smart Sand Completes Unit-Train-Capable Rail Facility

Smart Sand Inc. announced that it has completed construction of its unit-train-capable rail facility served by the Union Pacific Railroad in Byron Township, Wis. The company moved its first unit train from the expanded site via the Union Pacific Railroad on Dec. 26, 2017.

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Unimin to Modernize Blue Mountain Facility

Unimin Canada announced that it will make a multi-million-dollar investment in the modernization of the company’s mining and manufacturing operations at Blue Mountain in the Kawartha Lakes region of Ontario. When completed, the new operation will further improve the site’s environmental footprint and support continued mining, manufacturing and employment at the facility for many more decades.

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Andeavor Acquires Rangeland Energy

Andeavor announced that it has agreed to acquire 100 percent of the equity of Rangeland Energy II LLC. Rangeland owns and operates assets in the Delaware and Midland Basins, including a recently constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck-loading facility.

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This Week’s Market Buzz

• Oil prices are at three-year highs, as geopolitical risk and confidence in global growth continued to buoy markets. Light, sweet crude for February delivery rose $1.23, or 2 percent, to $62.96 a barrel on the New York Mercantile Exchange, the highest settle value since December 2014. Brent, the global benchmark, also closed at a three-year high, up $1.04, or 1.5 percent, to $68.82 a barrel.

Read more: This Week’s Market Buzz

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