Detmar Logistics entered into a first-of-its-kind multi-year last mile logistics services agreement with Pioneer Natural Resources. Detmar Logistics executed this latest agreement with an innovative approach as a leader in alternative fuel and electrified transportation.
Read MoreCategory: Frac Sand
Source Energy Services Sand Revenue Increases 22%
Source Energy Services Ltd. announced its financial results for the three months ended March 3. Sustained strength in oil and gas commodity prices continued to buoy strong activity levels in the Western Canadian Sedimentary Basin (WCSB), generating $80.7 million of sand revenue, an increase of 22%, over the first quarter of 2021.
Read MoreSmart Sand Hits Higher Revenues for First Quarter
Smart Sand Inc. announced results for the first quarter 2022. Revenues were $41.6 million in the first quarter of 2022, compared to $35.1 million in the fourth quarter of 2021 and $27.5 million in the first quarter of 2021. Revenues increased in the first quarter, compared to the fourth quarter of 2021, primarily due to higher sand sales revenues resulting…
Read MoreSunny Point Aggregates to build new Louisiana Fac Sand Facility
Sunny Point Aggregates will build a new sand and proppants processing facility at The Port of Caddo-Bossier, located on the Red River Waterway just south of Shreveport-Bossier, La. , according to the Shreveport Times.
Read MoreThis Week’s Market Buzz
• Oil prices continue to rise. At press time West Texas Intermediate was at $110.6 up 4.43%, while Brent Crude was at $111.6, up 4.19%.
Read MoreIs Atlas Preparing for an IPO?
According to a report on Reuters, oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, in what would be the first U.S. listing of an oilfield services company since 2018.
Read MoreSelect Sands Ups Its Sand Sales
Select Sands Corp. announced operational and financial results for fourth quarter and full year 2021. The company:
Read MoreU.S. Silica States 2022 Will Be a Strong Year
U.S. Silica Holdings Inc. announced a net loss of $8.4 million, or $0.11 per diluted share, for the first quarter ended March 31. The first quarter results were negatively impacted by $9.4 million pre-tax, or $0.09 per diluted share after-tax, of charges primarily related to a supplier contract termination and merger and acquisition related expense, resulting in an adjusted loss…
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• Brent crude futures dipped 4 cents at press time to $107.55 a barrel after rising 2.1% in the previous session. U.S. West Texas Intermediate crude dropped 49 cents, or 0.5% to $104.87 a barrel.
Read MoreAthabasca Reports Massive Gross Revenue Growth
In the fourth quarter of 2021, Athabasca reported consolidated gross revenue growth of 538% to $3.28 million vs. $0.5 million in Q4 2020 with a total loss and comprehensive loss of $0.64 million vs. $0.9 million in Q4 2020. The corporation increased its gross revenue by 494% to $12.1 million in 2021 vs. $2.0 million in 2020 with a total…
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