Frac sand and proppants have seen a surprise turnaround in demand projections during the first half of 2016, according to a recent report from Tudor Pickering. Many investors and industry observers left this segment of the oil market for dead at the beginning of the year, however, a perfect storm of factors has caused a surprising turnaround in this segment.
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This Week’s Market Buzz
Crude oil could rise to $60 a barrel by the end of the year, even without any help from OPEC, new Saudi energy minister Khalid Al Falih told CNNMoney. Al Falih was speaking just after OPEC wrapped up a summit in Vienna. During the meeting, OPEC decided against implementing a cartel-wide production quota range, once again failing to reach an…
Read MoreHeadwaters MB Aggregates Market Report
IN THIS UPDATED ANALYSIS PREPARED FOR ROCK PRODUCTS, HEADWATERS MB LOOKS AT FIRST-QUARTER 2016 AGGREGATES-INDUSTRY TRENDS SUCH AS MERGERS, STONE PRODUCTION AND PRICING. By Brian Krehbiel In Q1 2016, average valuation multiples for the publicly traded aggregates industry declined 4.3 percent and average EBITDA margins during the period increased from 16.7 percent to 17.4 percent compared to Q4 2015 (Figure…
Read MoreMSHA Touts MINER Act Anniversary
To commemorate the 10th anniversary of the enactment of the Mine Improvement and New Emergency Response Act of 2006, Assistant Secretary of Labor for the Mine Safety and Health Administration Joseph A. Main issued the following statement:
Read MoreMulzer Recognized for Commitment to Employee Health
Cigna has selected Mulzer Crushed Stone Inc. as a winner of the annual Cigna Well-Being Regional Award for demonstrating a strong commitment to improving the health and wellness of its employees through a workplace wellness program.
Read MoreEssroc Marks 150th Anniversary
Essroc marked the 150th anniversary of the company at the Nazareth Center for the Arts in Nazareth, Pa. The event was hosted by the Nazareth/Bath Regional Chamber of Commerce and was attended by several national, state and local dignitaries; members of the press; Chamber members; and Essroc employees.
Read MoreMSHA Enhancing Enforcement of ‘Rules to Live By’
In a meeting with mining industry stakeholders, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced that the agency is enhancing enforcement of its “Rules to Live By” initiative of standards commonly cited following mining deaths.
Read MoreMassachusetts Producer Settles with MSHA
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced a global settlement with Worcester Sand and Gravel Co. Inc. of Shrewsbury, Mass., to resolve citations and orders in three separate dockets. An administrative law judge with the Federal Mine Safety and Health Review Commission approved the settlements amounting to $181,200, the largest penalty amounts recovered from a…
Read MoreEAJA Fees Not Available Where Secretary Vacated Seven Citations
By Ellen Smith A small limestone operator is not entitled to EAJA fees where the Secretary vacated seven citations issued against the operator after the MSHA inspector was no longer available to testify at a hearing, the D.C. Circuit Court of Appeals ruled April 19.
Read MoreThe Bad Samaritan
A Look At The Bystander Effect And How It Occurs In The Workplace. By Randy K Logsdon
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