Source Energy Services Ltd. reported preliminary results for the three months ended March 31. For the first quarter, Source achieved quarterly volumes of 762,322 metric tons and revenue between CAD$93 million and CAD$98 million for the quarter.
Read MoreDay: May 14, 2020
Smart Sand Announces First Quarter Results
Smart Sand Inc. announced results for the first quarter 2020. Revenues were $47.5 million in the first quarter of 2020, flat compared to fourth quarter of 2019 revenues of $47.7 million and a decrease of 8% compared to first quarter of 2019 revenues of $51.8 million.
Read MoreHalliburton Addresses COVID-19, Quarterly Results
Halliburton Co. announced a net loss of $1.0 billion, or $1.16 per diluted share, for the first quarter of 2020. This compares to net income for the first quarter of 2019 of $152 million, or $0.17 per diluted share. Adjusted net income for the first quarter of 2020, excluding impairments and other charges and a loss on the early extinguishment…
Read MoreA Prediction for an Oil Recovery
David Messler, writing for oil.com, said that the perception that the global economic recovery has begun, and excess shale production will be reduced, is actually changing the market’s perception even now. Crude prices have rallied dramatically in the last few days.
Read MoreThis Week’s Market Buzz
• Oil prices surged at press time after the International Energy Agency forecast lower global stockpiles in the second half of 2020, even as worries remain over a second surge in coronavirus infections in coming months. Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions and lockdowns to allow factories and shops to…
Read MoreConstruction Starts Show Sharp Contraction in April
Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and the economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March, while residential dropped 25%. The decline in nonbuilding construction starts was more tepid, falling just 5% due to strong activity in streets and bridges.
Read MoreMSHA Reports Fatality at Ohio Operation
The Mine Safety and Health Administration (MSHA) reported that on May 2, a miner entered a dredged sand and gravel bin through a lower access hatch to clear an obstruction. The miner was clearing the blockage with a bar when the material inside the bin fell and engulfed him.
Read MoreLeftwich Named President and CEO of TACA
The Texas Aggregates & Concrete Association (TACA) announced that Josh Leftwich is joining the association as its new president and chief executive officer. Leftwich comes to TACA with more than 20 years of experience in the mining and energy sectors, bringing an extensive and diverse range of knowledge in regulatory policy, legislative engagement, environmental permitting, business planning, risk management and…
Read MoreMetso Offers ‘Packed with Performance’ Webinar Series
Metso is offering a new global webinar series ‘Packed with Performance’ with dedicated streams for mining and aggregates customers. Starting in May, the webinar series will cover topics related to customer challenges, processes and applications in these industries. “With the webinar series, we will help mining and aggregate industry professionals to perform to their best and to become stronger and…
Read MoreMINExpo Canceled
May 14, 2020 – In light of the uncertainties surrounding COVID-19 and the resulting economic fallout, MINExpo, which was scheduled to take place in Las Vegas in September, has been canceled. For attendees, CompuSystems, the official registration company, will refund your registration and Award Luncheon tickets to MINExpo International 2020. When the new date is announced for 2021, you will be contacted to re-register.…
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