Select Sands Corp. updated its ongoing drill program on its Sandtown Frac Sand property in northeast Arkansas. The property is underlain by the Ordovician St. Peter sandstone formation, which is the source of ‘Ottawa White’ frac sand selling into the major U.S. oil and gas plays.
Read MoreDay: January 30, 2015
Carbo Looks Ahead to Market Success
Carbo Ceramics Inc. reported adjusted net income of $16.1 million, or $0.70 per share, excluding certain asset write-downs and other adjustments of $15.7 million, or $0.68 per share, on revenues of $167.8 million for the quarter ended Dec. 31, 2014. Reported net income for the fourth quarter of 2014 was $0.4 million, or $0.02 per diluted share.
Read MoreBrilliant Sands Initiates Exploration Program
Brilliant Sands Inc. (BSI), formerly Consolidated Goldfields Corp., has initiated a comprehensive exploration program at its McClelland Lake frac sand project in Alberta, Canada. The company considers McClelland its highest priority and most advanced project within the frac sand portfolio that was recently acquired from 1824455 Alberta Ltd.
Read MorePreferred Sands Canada’s Hanson Lake Facility Sold
Gordon Brothers Group and Hilco Industrial, a unit of Hilco Global, announced that they have acquired the assets of Preferred Sands Canada’s Hanson Lake facility in Saskatoon, Canada, in a joint venture.
Read MoreThis Week’s Market Buzz
Canadian National Railway Co. reported better-than-expected fourth-quarter earnings and boosted its dividend, but lagged its main Canadian rival in a key efficiency measure. CN Rail said it is aiming to increase shipments of crude oil and frac sand in 2015 despite a steep decline in the price of oil. “There’s a lot of investments that are being made by our customers…
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