Fairmount Santrol announced results for the first quarter ended March 31, 2018. Total company volumes sold were 3.2 million tons for the quarter, down 4 percent from the fourth quarter of 2017 but an increase of 20 percent from 2.7 million tons in the first quarter of 2017.
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Fairmont Santrol, Unimin Strike Merger Deal
Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.
Read MoreFairmont Santrol, Unimin Strike Merger Deal
Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.
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• Fairmount Santrol released its 11th annual Corporate Social Responsibility (CSR) Report, “Staying True,” which highlights the company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments of Fairmount Santrol Family Members in 2016. Family Members achieved 101 percent of the 2016 SD team goals and individual facilities achieved 97 percent of their SD goals, while shipping…
Read MoreFairmont 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…
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• The possibility of a renewed demand for western Wisconsin’s frac sand in 2017 was discussed on Wisconsin Public Radio’s “The West Side” program on Dec. 12 on 88.3 WHWC-FM/ Menomonie-Eau Claire and 88.7 WRFW-FM/ River Falls. Host Rich Kremer was joined by guests Rich Budinger, operations manager for Fairmont Santrol, and Samir Nangia, a director of consulting with IHS Energy…
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A company that was working to start a frac sand mine in the towns of Alma and Adams, Wis., filed for bankruptcy, according to the Jackson County Chronicle. Terracor Resources filed for Chapter 15 bankruptcy in a federal court in Texas April 4. Terracor has been working to launch a frac sand processing facility and related rail spur – an…
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Oil prices rose after a top energy monitor said that prices might have bottomed on hopes that falling supply would help alleviate the global glut of crude. The International Energy Agency said that prices have been supported by easing supply around the globe but cautioned that the recent rally might not be sustainable as the demand outlook remains uncertain. Crude…
Read MoreFairmont Santrol Touts Proppant Technology at Conference
Fairmount Santrol announced at the SPE Annual Technical Conference and Exhibition (ATCE) the company’s self-suspending proppant technology in initial field trials and resin-coated sand are continuing to reduce the cost per barrel of oil equivalent (BOE) while producing more oil and gas.
Read MoreFairmont Santrol CFO to Step Down
Fairmount Santrol announced that Christopher L. Nagel will leave his position as chief financial officer and executive vice president of finance effective Oct. 20, 2015, in order to pursue an opportunity in the consumer products industry. Nagel’s departure is not the result of any dispute or disagreement with the company or any matter relating to the company’s accounting practices or financial…
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