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This Week’s Market Buzz

Republican presidential nominee Donald Trump is stirring unease in the oil and natural gas industry with his remarks about hydraulic fracturing, according to a report from The Hill. Trump supports fracking but said towns and states should be allowed to ban the drilling practice. That position is at odds with industry groups and congressional Republicans, who say the practice is safe and should be permitted nationwide.

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Unimin’s Tunnel City Plant Starts Hiring

Unimin Corp. announced that it has added 19 full-time positions to the workforce at its Tunnel City, Wis., plant in the second quarter of 2016. Mark Massicotte, the plant manager at the facility, stated that there are now 84 employees working at the site.

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Plant Expansion Drawing Fire

The proposed expansion of a Wisconsin Proppants frac sand mine in Hixton, Wis., has drawn opposition from nearby residents and others concerned about air quality, according to the Jackson County Chronicle.

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U.S. Silica to Acquire Sandbox Enterprises

U.S. Silica Holdings Inc. announced that it has entered into a definitive agreement to acquire Sandbox Enterprises LLC, a provider of innovative logistics solutions and technology for the transportation of proppant. The transaction will be financed using a combination of $75 million of cash on hand and approximately 4.2 million U.S. Silica common shares.

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