Sunroc Corp., a subsidiary of Clyde Companies Inc., has acquired Idaho Falls-based DePatco, Inc. The acquisition of DePatco’s assets will facilitate a strategic expansion into eastern Idaho for Sunroc, increasing its geographic footprint and product offering. The operations will continue doing business under the DePatco name.
Read MoreDay: August 20, 2020
Bates Seeks to Appeal His Sentence for Ponzi Scheme
Stan Bates, imprisoned for masterminding a Ponzi scheme that also took down former state Sen. Carlos Uresti, wants the U.S. Supreme Court to review his 15-year prison sentence, according to the San Antonio Express News.
Read MoreColorado Frac Sand Mine Opposed
Community members in remote Skull Creek, east of Dinosaur, Colo., and west of Massadona, Colo., about 17 miles from the Colorado-Utah border are concerned about impacts from a proposed frac sand pit mine, including truck traffic, noise pollution, water quality and quantity, and proximity to uranium deposits.
Read MoreHi-Crush Execs Received a Payday Before Bankruptcy
According to an article on Reuters, written by Liz Hampton, “How a Texas shale supplier’s founders made fortunes as the firm failed,” the board of directors at Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus. Five days later, the company declared bankruptcy.
Read MoreSome Hydraulic Fracturing Crews Returning to Work
According to the Houston Chronicle, the number of hydraulic fracturing crews returning to work inched upward in July with the Permian Basin of West Texas and southeastern New Mexico accounting for most of the growth.
Read MoreThis Week’s Market Buzz
• A new CBS/YouGov poll of Pennsylvanians shows that a slight majority of the state now opposes fracking, with 52% of voters opposed and a corresponding 48% voting in favor of fracking. That goes against the conventional wisdom that politicians can’t run on anti-fracking policies in Pennsylvania. In fact, in fracking-friendly Allegheny County, three political candidates won their primary elections…
Read MoreCDE to Host Virtual Wet Processing Symposium
Wet processing manufacturer CDE plans to host a virtual trade event for the construction-materials wet processing industry across the globe. Continuing its Engineering Insights education series, the major two-day virtual event will take place on Oct. 14-15. Across the two days, CDE experts, together with a host of guests and industry figures, will facilitate a series of dynamic, educational, and informative presentations…
Read MoreJuly Housing Starts a Boost for Economy
In a further sign that housing continues to boost the economy, single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6% to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest production rate since February.
Read MoreU.S. Great Lakes-Seaway Ports Still Feeling COVID-19 Impact
The latest results show that Great Lakes-Seaway shipping continues to feel the impact of the global pandemic. According to the latest numbers from the St. Lawrence Seaway, tonnage through the bi-national transportation corridor totaled 3.9 million metric tons (Mt) in July to bring the year-to-date total (from April 1 to July 31) to nearly 15.6 Mt, or just less than 8% below a year ago.
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