Torchlight Energy Resources Inc. has measured substantial initial potential oil and gas hydrocarbon recoveries from the recently drilled and completed Cactus A35 #1H well.
Read MoreMonth: March 2020
Victory Silica to Mine Canadian Land Resource
Victory Nickel Inc.’s subsidiary Victory Silica Ltd. has executed an agreement with Short Grass Ranches Ltd. giving the company the ability to mine frac sand from one of the owner’s properties. The initial term of the option is for five years with the ability to extend for additional five-year terms.
Read MoreThis Week’s Market Buzz
• Oil prices were higher at press time, shortly after two sources told Reuters that OPEC provisionally agreed to cut production by 1.5 million barrels per day. International benchmark Brent crude traded at $51.52, up around 0.8%, while U.S. West Texas Intermediate stood at $47.10, around 0.7% higher.
Read MoreUSGS: Aggregates Production Up 5% in 2019
The estimated annual output of construction aggregates produced for consumption in 2019 was 2.47 billion metric tons (Gt), an increase of 5% compared with that of 2018, according to Jason Willett, commodity specialist for the U.S. Geological Survey (USGS).
Read MoreHyundai to Develop Hydrogen-Fueled Excavators, Forklifts
Hyundai Construction Equipment Americas announced that its parent company, Hyundai Construction Equipment, recently entered into an agreement with Hyundai Motors and Hyundai Mobis to develop hydrogen-fueled excavators and forklifts, with development starting this year and plans to roll out the technology as soon as 2023. The three companies will collaborate on the technology at Hyundai’s Mabuk Research Center in Yongin-si,…
Read MoreNSSGA Statement on Annual Convention
March 3, 2020 – The National Stone, Sand and Gravel Association (NSSGA), like the organizers of ConExpo-Con/Agg 2020, are remaining vigilant with regard to the reality of the coronavirus, and have released the following statement concerning the association’s upcoming annual convention: “NSSGA’s 2020 Annual Convention will take place in Las Vegas. We continue to coordinate with our partners and other organizations on the…
Read MoreConstruction Spending Rises in January; Highways Up
The U.S. Census Bureau announced that construction spending during January 2020 was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8% (±0.8%) above the revised December estimate of $1,345.5 billion.
Read MoreAASHTO Campaign Links Transportation Investment to Benefits
The American Association of State Highway and Transportation Officials (AASHTO) is beginning a new public outreach campaign entitled “The Benefits of Transportation: The Solutions State DOTs Bring to People & Their Communities.”
Read MoreAED President Urges Swift Ratification of North American Trade Deal
On Feb. 26, Associated Equipment Distributors (AED) President and CEO Brian P. McGuire testified before the House of Commons’ Standing Committee on International Trade about the importance of swiftly approving implementing legislation to ratify the Canada-United States-Mexico Agreement (CUSMA). Appearing via teleconference from AED headquarters in Schaumburg, Ill., McGuire discussed the importance of North American trade certainty. He said, “By modernizing…
Read MoreQ&A With Alex Kanaris
Rock Products Editor Mark Kuhar had a chance to catch up with VDG President Alex Kanaris, who talked at length about the company’s drum motors and ConExpo-Con/Agg.
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