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This Week’s Market Buzz

  • Superior Silica Sands (SSS) announced that it will no longer pursue the construction of a silica sand processing facility in Independence, Wis. “This was a difficult but necessary decision,” said Rick Shearer, chief executive officer of parent company Emerge Energy and SSS. “Given current economic conditions affecting the frac sand industry as a whole, as well as the specific mining and processing economics at Independence, we feel that the project is no longer economically viable.”

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This Week’s Market Buzz

  • The Wisconsin Department of Natural Resources is inviting the public to provide input on the agency's most recent effort to assess the latest scientific, natural resource and socio-economic information relating to industrial sand mining and its infrastructure. “The department is conducting a strategic analysis on industrial sand mining in order to provide quality, factual information to the public and decision makers,” said Dave Siebert, Environmental Analysis bureau director. "We welcome the public's input in helping us determine what should be considered in the analysis." The public comment period for the scope of the strategic analysis runs through April 20. Go here to participate.

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This Week’s Market Buzz

  • At an open house on frac sand mining issues at the Howard Town Hall in Colfax, Wisc., organized by the Madison-based nonprofit group Midwest Environmental Advocates and local opponents of frac sand mining, community members spoke about the impact of mining on their lives. It is the first of three such meetings to be held in Western Wisconsin, according to the Leader-Telegram. Comments made at the meetings are to be forwarded to the state Department of Natural Resources (DNR) to be considered in the initial “scoping” phase of what is to be a statewide DNR analysis of environmental and economic issues with frac sand mining. DNR staff has said the scoping phase for the study, which includes gathering public concerns from around the state, would be completed in March, said Kim Wright, director of Midwest Environmental Advocates.
 

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This Week’s Market Buzz

  • The Chippewa County, Wis., board gave a nod of approval for a frac sand processing plant and rail facility, according to WQOW TV. The board unanimously approved re-zoning a piece of land in the Town of Bloomer to be used as a dry plant for White Haven Sands. The plant will be located on a nearly 100-acre parcel of land located between Highway 53 and County Road SS.

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This Week’s Market Buzz

  • The CEO of CSX, Michael Ward, stated during the company’s investor conference call, “Right now, as we look out through 2015 we don't see any significant impact at all in our crude oil by rail into the eastern markets, and certainly in our frac sand markets where we're moving into the Utica and the Marcellus area, where the natural gas and the natural gas liquids are, we don't think it will impact the frac sands that we're moving into those areas at all.”

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