This Week’s Market Buzz

Claim Post Resources Inc. signed an Engagement Letter with P&E Mining Consultants Inc. to complete a Preliminary Economic Assessment (PEA) on the company’s Seymourville Frac Sand Project located approximately 200 km north east of Winnipeg, Manitoba. P&E will be retaining Consultec Ltd. to assist in the to provide technical input into the frac sand plant material handling design plus complete…

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Are Oil and Gas Companies Running out of Sand?

In a new note, Morgan Stanley’s (MS) Ole Slorer, Benjamin Swomley, and Connor Lynagh write that exploration and production (E&P) companies have discovered that if they use more sand when they frack unconventional shale plays, they are able to increase the amount of reserves they can extract from the ground. MS forecasts sand demand growth of 96 percent in 2016…

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Barletta Roundtable Seeks Hazard Mitigation Solutions

A Federal Emergency Management Agency (FEMA) official agreed to work with U.S. Rep. Lou Barletta (R-Pa.), local officials in Pennsylvania, and other stakeholders to try to resolve outstanding hazard mitigation efforts that cannot move forward due to a new FEMA policy that bans fracking underneath any property purchased with FEMA mitigation funds.

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