Hi-Crush Looks Ahead

During Hi-Crush’s most recent conference call, management walked investors through some of these growth plans and the trends that underpin their future plans. Here is a look at some of the most pertinent management statements from the company, according to Tyler Crowe, writing for The Motley Fool.

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Source Energy Services Issues Update

Source Energy Services Ltd. issued an update on its acquisition of its second unit-train capable production facility in Wisconsin; its Canadian terminal expansion program; and the expansion of its wellsite solutions fleet.

Read more: Source Energy Services Issues Update

Unimin to Build New Plant in Texas

Unimin Corp. announced plans to construct a new sand-processing plant in West Texas. The new facility will be capable of producing up to 5 million tons of regional sand per year and will serve as another channel by which the company will fully and efficiently service the evolving dynamics of the oil and gas industry.

Read more: Unimin to Build New Plant in Texas

This Week’s Market Buzz

• Recent oil price gains have eased after government data indicated that U.S. crude stocks have plunged more than expected as imports have declined and drillers pumped more product. Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for a decrease of 2.9 million barrels. Brent crude, the global benchmark, was down 9 cents, or 1 percent, at $47.43 a barrel. U.S. crude gained 17 cents to $45.21.

Read more: This Week’s Market Buzz

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