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Emerge Energy Profit Grows in Third Quarter

Emerge Energy Services LP announced third quarter 2017 financial and operating results. The company is reporting net income of $5.0 million and diluted earnings per unit of $0.16 for the third quarter. Total volumes sold increased 6.3 percent sequentially to 1,480 thousand tons in the third quarter.

Read more: Emerge Energy Profit Grows in Third Quarter

Hi-Crush Takes a Leap Forward in Third Quarter

Hi-Crush Partners reported third quarter 2017 results. Revenues for the third quarter of 2017 totaled $167.6 million on sales of 2,456,195 tons of frac sand. This compares to $135.2 million of revenues on sales of 2,112,516 tons of frac sand in the second quarter of 2017.

Read more: Hi-Crush Takes a Leap Forward in Third Quarter

Pattinson Sand Hosts Member of Congress, State Representative

On Oct. 18, 2017, U.S. Congressman Rod Blum (R-Iowa) and State Representative Kristi Hager toured the Pattison Sand Co. operations in Clayton, Iowa. Throughout the tour, they were able to learn more about the Sands and Aggregates business and the rail expansion project underway at the facility.

Read more: Pattinson Sand Hosts Member of Congress, State Representative

This Week’s Market Buzz

• Oil prices steadied near two-year highs and the market outlook remained upbeat as OPEC-led supply cuts tightened the market and drained inventories. Brent crude was up 3 cents at $60.51 per barrel. U.S. light crude was up 6 cents, or 0.1 percent, at $54.36, almost 30 percent above its 2017 lows in June. Confidence has been fueled by an effort lead by the Organization of the Petroleum Exporting Countries and Russia to hold back about 1.8 million barrels per day in oil production to tighten markets.

Read more: This Week’s Market Buzz

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