Performance Proppants Plant on Schedule for December

Performance Proppants is in the final stages of constructing its Sunny Point facility in Louisiana, which is a joint partnership between the company and Caddo-Bossier Port. The plant is on a large privately owned 700-acre oxbow lake off the Red River that contains 45 million tons of frac sand reserves.

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Covia to Expand a Specialty Product Line in Arkansas

Covia announced that it will be expanding the manufacturing capability of its Luminex branded product line to serve increasing customer demand. Luminex, an ultra-white filler, is used in the production of engineered stone countertops for consumer use in kitchens and bathrooms, while also serving retail and industrial hard surface applications.

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This Week’s Market Buzz

• Oil prices are still headed to $150 a barrel as supply growth continues to lag, according to JPMorgan energy strategist Christyan Malek. Brent crude oil rose 1% to about $94 a barrel at press time but is well off its earlier high of more than $130 a barrel in March. While some analysts have cut their oil price outlooks,…

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Construction Sand and Gravel Production Flat in Second Quarter

According to Jason Christopher Willett, commodity specialist, National Minerals Information Center, U.S. Geological Survey, the estimated U.S. output of construction sand and gravel produced and shipped for consumption in the second quarter of 2022 was 274 Mt, essentially unchanged compared with that of the second quarter of 2020.

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Atlas Sand Appoints Allison Executive Vice President

Atlas Sand Co. LLC announced the appointment of Jeff Allison as executive vice president, sales and marketing. Responsible for Oilfield Services (OFS) sales, marketing, customer relationships and strategic commercial execution, he will play an integral role in ensuring Atlas will continue to provide premium quality products and services to the Permian Basin, North America’s most prolific resource play.

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This Week’s Market Buzz

• Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Analysts who spoke to CNBC said they expect current oil prices to hold throughout the second half of 2022, though the impact of a…

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