This Week’s Market Buzz

Oil and gas companies using hydraulic fracturing are expected to continue to ramp up their use of frac sand in their drilling operations. According to Tudor Pickering Holt, drillers have stepped up sand use in order to make wells more productive, rising from 3 million lb. per well in 2013 to 5 million lb. per well in 2014, to 8…

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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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This Week’s Market Buzz

A state appeals court has affirmed a decision blocking a frac sand mine in western Wisconsin, according to a report on Wisconsin Public Radio. The Mississippi Land Connection and Timber Company LLC and Wisconsin Bluff Sands LLC filed an application for a permit for a mine in the town of Waumandee in 2013. The Buffalo County Board of Adjustment denied…

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