Companies Face Environmental Fines

According to Wisconsin Public Radio, Interstate Energy Partners and Tiller Corp. were fined for allowing muddy water to escape from their facility in far northwestern Wisconsin. The spill was first reported by a concerned citizen hiking along the St. Croix River. It was determined that the fine grained sediment had been leaking into wetlands, a stream and the St. Croix…

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This Week’s Market Buzz

Toronto, Canada-based Claim Post Resources closed a second level of financing that will be used to: 1) carry out a minimum 1,000-meter drilling program towards completing a resource estimation of the Seymourville Frac Sand Project in accordance with NI 43-101 standards; 2) to complete a preliminary economic assessment on the project, which will allow the company to test the market…

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Financing a Boost to NFP Frac Sand Operations

Houston-based frac sand producer Northern Frac Proppants II LLC (NFP) announced the successful completion of a $77 million senior secured credit facility consisting of a five-year term loan. Proceeds from the new credit facility will be used to expand NFP’s operating frac sand mine and production facility in Alma Center, Wis., and bring online additional frac sand processing facilities located…

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Santrol Begins NEW Proppant Production

Santrol, a Fairmount Minerals company, announced full-scale production of self-suspending proppant technology is underway at a Texas plant. Additional manufacturing sites will be integrated into the value chain during the first half of 2014.

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