Rock Products - The Leading Voice of the Aggregate Industries.

This Week’s Market Buzz

  • Victory Nickel Inc. announced that it has sold its interest in a partnership created to trade in commodities for Canadian $430,766 less fees and costs of approximately $73,000. “This sale will provide some working capital while the oil and gas price recovers and drilling and the related consumption of frac sand returns,” said Rene Galipeau, CEO. “As mentioned in our first quarter financial report, sales of frac sand are extremely slow. However, the company has approximately 35,000 tons of sand in inventory to be sold as the market recovers. Sale of this inventory should give us time to implement our operating plan to move forward and return to full production.”

Read more: This Week’s Market Buzz

Sand Wars Escalate in Wisconsin

A new draft report from the Wisconsin Department of Natural Resources (WDNR) suggests that frac sand mining does not produce fine sand that is a health hazard. The report states that air quality measurements made in the western part of Wisconsin, where the majority of sand mining facilities are placed, have not detected elevated levels of silica in the air.

Read more: Sand Wars Escalate in Wisconsin

Halliburton; Eclipse Complete Longest Lateral Well in the U.S.

Halliburton announced that it worked with Eclipse Resources Corp. to complete hydraulic fracturing of the extended-reach lateral test well known as "Purple Hayes." The Utica Shale well had a lateral length of more than 18,500 ft. and was completed with 124 frac stages in 24 days. The total depth was 27,046 ft., including the lateral extension which Eclipse believes is the longest horizontal onshore lateral ever drilled in the United States.

Read more: Halliburton; Eclipse Complete Longest Lateral Well in the U.S.