Aggregates, ready-mix, custom blends and construction supplies provider Chaney Enterprises announced the purchase of the sand and gravel operation of Virginia Sand & Stone located in Newtown, Va.
Read MoreDay: October 29, 2021
Argentina’s Vaca Muerta Shale Play Grows
Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest growing major shale basin, a Rystad Energy report shows.
Read MoreProFrac Acquires FTS
FTS International Inc. (FTSI) entered into a definitive agreement to be acquired by ProFrac Holdings LLC, a leading oilfield services company, in an all-cash transaction that values FTSI at approximately $407.5 million, including payments to outstanding warrants. The company also reported its preliminary third quarter 2021 results.
Read MoreU.S. Silica Sees Year-Over-Year Tonnage Decrease
U.S. Silica Holdings Inc. announced a net loss of $20.0 million, or $0.27 per diluted share, for the third quarter ended Sept. 30. This compared with net income of $26.0 million, or $0.34 per diluted share, for the second quarter of 2021, which benefited from a pre-tax customer settlement of $48.9 million.
Read MorePerformance Proppants Purchases Deposit in Merryville, La.
Performance Proppants LLC has reached an agreement to purchase a 1,200-acre deposit in Merryville, La., that contains up to 20 million tons of additional frac sand. The company expects the facility to be fully operational by January 2022.
Read MoreThis Week’s Market Buzz
• Oil rose further above $84 a barrel at press time, within sight of a multi-year high as expectations OPEC and its allies will keep supplies tight countered rising U.S. inventories and the prospect of more Iranian exports. Brent crude rose 27 cents, or 0.3%, to $84.59 a barrel, while U.S. West Texas Intermediate crude added 27 cents, or 0.3%,…
Read MoreCommand Alkon Announces ELEVATE Awards Winners
Command Alkon announced the winners of this year’s ELEVATE Awards, recognizing both individual and corporate performance. The awards were presented during an online ELEVATE Awards Ceremony on Oct 27.
Read MoreEagle Materials’ Concrete, Aggregates Revenue Rises
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2022 ended Sept. 30, including:
Read MoreCat Sales and Revenue Up 25%
Caterpillar Inc. announced third-quarter 2021 sales and revenues of $12.4 billion, a 25% increase compared with $9.9 billion in the third quarter of 2020. The increase was primarily due to higher sales volume, driven by higher end-user demand for equipment and services, and favorable price realization.
Read MoreMetso Outotec Expands Lokotrack Mobile Series
Metso Outotec is launching two new models to the Lokotrack mobile crushing and screening series. The new Lokotrack LT200HPX and Lokotrack LT220GP mobile cone crushers are compact but efficient units ideal for aggregate contractor customers, bringing up to 30% more capacity and added flexibility compared to earlier models.
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