Emerge Energy reported a net loss of $3.9 million, or $(0.12) per diluted unit, for the three months ended Sept. 30, 2018, compared to net income of $5.0 million, or $0.16 per diluted unit for the three months ended Sept. 30, 2017. For the three months ended June 30, 2018, net income was $9.4 million, or $0.30 per diluted unit.
Read MoreMonth: November 2018
Smart Sand Touts Strong Third Quarter
Smart Sand, Inc. reported that third-quarter revenues were $63.1 million, a 16 percent increase compared to second quarter 2018 revenues of $54.4 million.
Read MorePioneer to Close Mine in Brady, Texas
Pioneer Natural Resources Co. said it will save $400,000 per well by closing its frac sand mine in Brady, Texas, and shifting supply to its mines in west Texas, closer to its oil and gas extraction operations, according to San Angelo Live.
Read MoreThis Week’s Market Buzz
• U.S. crude oil fell below $50 a barrel for the first time in more than a year. Oil’s recent slide has shaved more than a third off its price. Crude fell more than 1 percent to as low as $49.41 a barrel. The last time oil closed below $50 was in Oct. 4, 2017. Concerns about oversupply have sent…
Read MoreHoffman Equipment Acquires Volvo CE Dealer Penn-Jersey Machinery
Hoffman Equipment expanded its retail territory in the Northeast with the acquisition of Penn-Jersey Machinery’s assets. The Piscataway, N.J.-based dealer will take over Volvo Construction Equipment (Volvo CE) distribution in the territories previously covered by Penn-Jersey Machinery and Malvese Equipment. Hoffman will assume Penn-Jersey’s three locations in Deptford and Middlesex, N.J., and Lionville, Pa., adding to Hoffman’s existing locations in…
Read MoreMetso, Rockwell, Team Up for Predictive Maintenance
Metso is expanding its digital Metso Metrics offering with the launch of a new predictive maintenance solution for mining equipment, aimed to help maximize the uptime and performance of comminution circuits. The solution was introduced at Automation Fair, hosted by Rockwell Automation, on Nov. 14 in Philadelphia. Metso Metrics is designed to provide global mining customers improved visibility and new…
Read MorePlaying With Toys
Volvo, LEGO Team Up with Children to Create an Autonomous Concept Wheel Loader of the Future. By Mark S. Kuhar
Read MoreMSHA Starts Enforcing Workplace Examinations Rule
On Oct. 1, the Mine Safety and Health Administration (MSHA) began actively enforcing the new requirements under the Workplace Examinations Rule that technically went into effect on June 2, 2018.
Read MoreAggregates Operations Honored With Sentinels of Safety Award
The National Mining Association (NMA) honored 20 American mining operations – six coal mines and 14 mineral/metal mines – for their safety performance in 2017.
Read MoreAugust Construction Starts Fall 9 Percent
Nonresidential Building Slides Further, Housing Retreats, Highway and Bridge Construction Down. By Mark S. Kuhar
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