Select Sands Corp. announced operational and financial results for the fourth quarter of 2022. The company:
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Athabasca Minerals Announces Sand Supply, Strategic Transload Agreements
Athabasca Minerals Inc.’s subsidiary AMI Silica LLC (AMIS) has signed a multi-year transload agreement for the delivery of its silica sand into the Grande Prairie, Alberta, Canada, region.
Read MoreHi-Crush, Pioneer Strike Deal for Mobile Mining
Hi-Crush Inc. has entered into an agreement with Pioneer Natural Resources to deploy Hi-Crush’s sixth OnCore mobile mining unit to supply frac sand for use in Pioneer’s well completions activity in the Midland Basin. This will be Hi-Crush’s second OnCore deployment with Pioneer following the successful commencement of operations at OnCore #4 in September 2022, and Hi-Crush’s fifth OnCore deployment within the Midland Basin.
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Smart Sand Inc. announced results for the fourth quarter and full year ended Dec. 31, 2022.
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U.S. Silica Holdings Inc. announced net income of $31.6 million, or $0.40 per diluted share, for the fourth quarter ended Dec. 31, 2022. Those results compared with net income of $32.1 million, or $0.41 per diluted share, for the third quarter of 2022. Overall tons sold of 4.606 million for the fourth quarter of 2022 were essentially flat compared with…
Read MoreCongress Averts Rail Strike
The Senate passed legislation to avoid a rail strike, one day after the House approved the measure. The bill was signed by President Joe Biden, who had previously told Congress to act swiftly, warning that a strike could cause major harm to supply chains.
Read MoreFuture Market Insights Assesses Shale Gas Hydraulic Fracturing Market
The shale gas hydraulic fracturing market in Canada, the United States and China experienced robust year-on-year (YoY) growth rate during 2021. While the total market volume across these countries totaled 28,866.50 units in 2021, it is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.
Read MoreFirst Electric-Powered Hydraulic Fracturing Fleet to be Deployed
ProPetro Holding Corp. has executed a contract with a leading independent Permian operator for use of ProPetro’s first electric-powered hydraulic fracturing fleet. Under the agreement, ProPetro will provide committed services for a three-year period following the delivery of the e-fleet.
Read MoreThis Week’s Market Buzz
• Benchmark U.S. crude oil for January delivery fell 44 cents to $71.02 a barrel at press time. Brent crude for February delivery fell 5 cents to $76.10 a barrel.
Read MoreProFrac Acquires Sand Mining Operations of Monarch Silica
ProFrac Holding Corp. has entered into a definitive agreement to acquire the Eagle Ford sand mining operations of Monarch Silica LLC. The transaction is expected to close by the end of 2022.
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