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Fairmount Santrol Second Quarter Results Promising

Fairmount Santrol announced results for the second quarter ended June 30, 2017. Second-quarter 2017 revenues were $233.2 million, up 35 percent from $172.6 million in the first quarter of 2017 and up 104 percent from $114.2 million in the second quarter of 2016.

Read more: Fairmount Santrol Second Quarter Results Promising

Vista Opens Transload Facility in Pecos, Texas

Vista Proppants & Logistics (VPROP) has commenced commercial transload operations in Pecos, Texas, the newest addition to its terminal network. The facility has approximately 21,000 ft. of rail track that can hold two, 130-car unit trains and will be used for rail-to-truck frac sand transloading services.

Read more: Vista Opens Transload Facility in Pecos, Texas

OmniTRAX, SamSand Build Mine-to-Well/Hub-and-Spoke Network

Arrows Up LLC, the bulk-material-transport affiliate of OmniTRAX Inc., announced an agreement with SamSand, a mining operation in Garland City, Ariz. The companies are building what they call “a unique mine-to-well/hub-and-spoke network that will move frac sand to several oil and gas operators in Northern Louisiana faster and at a lower cost.”

Read more: OmniTRAX, SamSand Build Mine-to-Well/Hub-and-Spoke Network

This Week’s Market Buzz

• As much as 10 percent of U.S. fracking work could be delayed after Hurricane Harvey ripped through south Texas, Raymond James analysts said. More than half of the rigs running in the Eagle Ford shale – the only major U.S. shale formation affected by Harvey – suspended drilling because of the storm, according to the firm. “Given that much of oil and gas activity occurs in areas only accessible via dirt roads, the heavy rainfall usually makes the movement of trucks and supplies much more difficult,” Raymond James' Marshall Adkins wrote. “The trucking and rail of sand, chemicals and personnel to the well site will all take more time given the likely nasty condition of many Eagle Ford access roads."

Read more: This Week’s Market Buzz

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