Wisconsin Groups to Hold Industry Seminars

The American Institute of Professional Geologists (AIPG) and AIPG Wisconsin; in cooperation with the AIPG Minnesota section, Wisconsin Department of Natural Resources (DNR,) Wisconsin Geological and Natural History Survey (WGNHS) and Wisconsin Industrial Sand Association will present a series of seminars for frac and industrial sand producers.

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Fairmont Santrol Enjoys Improved Fourth Quarter

Fairmount announced results for the fourth quarter and full year ended Dec. 31, 2016. Fourth-quarter 2016 revenues were $140.5 million, up 4 percent from $134.8 million in the third quarter of 2016 and up 4 percent from $134.9 million in the fourth quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, similar to the third quarter of 2016 and an increase of 26 percent from 1.9 million tons in the fourth quarter of 2015.

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New Industrial Sand Air Quality Report Released

“Air Quality and Industrial Sand (Frac Sand) Mining,” the sixth in a series of studies by Isaac Orr of The Heartland Institute and Mark Krumenacher, GZA Environmental, has been released.

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Floridians Seek to Ban Fracking; Effort Called Misguided

Hundreds of Floridians gathered together in the state capitol to urge elected officials to pass a fracking ban, commit to increasing renewable energy sources and protect waterways.

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This Week’s Market Buzz

• Mammoth Energy Services has agreed to acquire frac sand mining company Taylor Frac and two oilfield service businesses for issuance of 7 million common shares. Based upon Mammoth Energy Services’ March 20 closing price of $19.06/share, the value of the transaction is $133.8 million, including the assumption of $7.3 million in debt. Mammoth Energy Services said it plans to expand the Taylor Frac processing facility to 1.75 million tpy by year-end 2017 at an estimated cost of $23 million. Chieftain Sand and Proppant LLC won a bankruptcy court order approving its $35 million sale to Mammoth Energy Services as well.

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