This Week’s Market Buzz

• U.S. crude stockpiles have been rising for seven consecutive weeks, and forecasts of an eighth build of 2.9 million barrels last week fueled worries that demand growth may not be sufficient to soak up the global crude oil glut. U.S. benchmark West Texas Intermediate crude was holding at $54.01 a barrel. Benchmarks Brent crude oil was at $55.56 a barrel.

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Hi-Crush Partners Makes Acquisitions

Hi-Crush Partners LP announced that it has entered into a series of purchase agreements, including the acquisition of Permian Basin Sand Co. LLC from a third-party; the acquisition of the Whitehall facility from Hi-Crush Proppants LLC; and the acquisition of the remaining 2 percent additional interest in Hi-Crush Augusta LLC from Hi-Crush Proppants and additional properties located near the Whitehall facility.

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Jordan Sands Partners with the Children’s Museum

Jordan Sands, based in North Mankato, Minn., has partnered with the Children’s Museum of Southern Minnesota and the Mankato Area Public Schools to pilot a science program for second grade students. The “Matter and Motion in the Coughlan Quarry” program incorporates a field trip to the museum with activities to help integrate Science, Technology, Engineering and Math (STEM) curriculum.

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Meteor Planning New Plant in Wisconsin

A Georgia timber investment company seeking to build an industrial sand operation in Monroe County, Wis., is proposing what it calls “the largest wetland preservation and restoration effort” in Wisconsin history in exchange for a permit to fill 16 acres of wetland forest, according to the Lacrosse Tribune.

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Emerge Discontinues Fuel Business; Reports Fourth Quarter Results

Emerge Energy Services LP announced fourth quarter 2016 financial and operating results. The company reported net loss of $20.8 million, or $0.77 per diluted unit, for the three months ended Dec. 31, 2016.

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