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This Week's Market Buzz

  • Victory Nickel Inc. hired D. Brent Lock as vice president, marketing. Lock brings extensive marketing experience to Victory Silica. He has spent the past five years as vice president operations/marketing and general manager with Canfrac Sands Ltd., a Calgary-based frac sand producer with operations located near Lloydminster, Sask. Lock will be responsible for developing and implementing marketing strategies and managing customer relationships in support of Victory Silica's goals to begin frac sand sales in 2013 and to become a leading supplier of high-quality frac sand products in Canada.

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This Week’s Market Buzz

  • According to Post-Bulletin.com, the Goodhue County, Minn., Mining Study Committee voted to recommend that the county’s silica sand mining moratorium not be extended. The issue passed by a 7-2 vote. Goodhue County was the first Minnesota county to face organized citizen opposition in 2011 after Windsor Permian, an Oklahoma-based energy company, purchased 155 acres of land near Red Wing with the intent of creating the county’s first frac sand mine. The county adopted a one-year moratorium in Sept. 2011 to study health and environmental concerns related to the industry. When questions remained after intensive study, the county board voted to extend that moratorium for a second year.

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This Week’s Market Buzz

  • Frac Resources, a Houston-based frac sand logistics and distribution company, has partnered with La Porte, Texas-based Frontier Logistics LP to construct a new rail park on 550 acres of land in the Permian Basin. The newly planned $10 million rail park is located about 30 miles east of Midland, Texas ­– an area where the company said there is a need for more rail service.

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This Week’s Market Buzz

  • Six Wisconsin frac sand companies are under watch by the Department of Natural Resources (DNR) because of alleged storm water violations, according to WQOW News 18. The agency said in each case, sediment-laden storm water left the site and reached surface water somewhere else.

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This Week’s Market Buzz

  • According to the Houston County News, The Winona County, Minn., Board of Commissioners voted 3-2 to approve the first frac sand mine in the county. The 20-acre Nisbit mine site in Saratoga Township has been the subject of multiple public hearings dating back to October 2011.

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