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.
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Future 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.
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• 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.
Read MoreIs Refracturing the Answer to Energy Needs?
According to a story on oilprice.com, a global oil shortage and high fuel prices has triggered calls from President Joe Biden’s administration for U.S. shale producers to spend more of their profits to boost output. However, shale producers have been under pressure to focus more on returning excess cash to shareholders in the form of dividends and buybacks rather than…
Read MoreAthabasca Concludes Transload Agreement; Reports on Third Quarter
Athabasca Minerals Inc. announced that its subsidiary AMI Silica LLC has entered into a multi-year Transload Agreement with CRL Transload Services Ltd. for sand transloading and storage services at its Taylor, British Columbia, Canada, location.
Read MoreNexgen Silica Fighting for Missouri Permit
On Nov. 15, the Missouri Administrative Hearing Commission (AHC) issued its Recommended Decision in the appeal of the mining permit issued to Nexgen Silica LLC, according to a story in Sun Time News.
Read MoreSelect Sands Increases Year-Over-Year Nine-Month Tons Sold
Select Sands Corp. announced operational and financial results for the third quarter of 2022, noting that it sold 83,222 tons of frac and industrial sand during the third quarter of 2022 compared to 83,207 tons in the second quarter 2022 and 89,096 tons in the third quarter of 2021.
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• At press time, Brent crude futures were down 29 cents, or 0.3%, to $85.12 a barrel, while U.S. WTI crude futures rose 2 cents, to $77.96.
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