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 MoreCategory: Frac Sand
Athabasca 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.
Read MoreThis Week’s Market Buzz
• 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.
Read MoreMammoth Subsidiaries Notch Sand Supply Agreements
Mammoth Energy Services Inc. announced that its subsidiaries, Piranha Proppant LLC and Taylor Frac LLC, have entered into two sand supply agreements with third-party service providers with terms of 12 months and 21 months, respectively, beginning on Jan. 1, 2023.
Read MoreVortex Receives Kansas Governor’s Award of Excellence
Kansas Gov. Laura Kelly announced that Vortex Global has received the highest honor a business can receive in the state of Kansas, The Governor’s Award of Excellence. The announcement was made Oct. 20, at the To the Stars Banquet in Topeka, which honored 237 businesses, including 181 Merit Award winners, 56 regional award winners, and nine state-wide award winners.
Read MoreIAC Recommends Crystalline Silica Actions
MSHA announced an increase in enforcement of the Respirable Crystalline Silica (RCS) dust standard at mining sites and other facilities involved in processing, cutting, drilling and grinding rock and stone. This includes the manufacturing of cement, artificial stone, glass, steel, brick, ceramics, and industrial sands (including frac sand).
Read MoreSmart Sand Tons Sold Up 41% Versus Year-Ago Quarter
Smart Sand Inc. announced results for the third quarter 2022. Tons sold were approximately 1,110,000 in the third quarter of 2022, compared to approximately 1,196,000 tons in the second quarter of 2022 and 790,000 tons in the third quarter of 2021, a decrease of 7% sequentially and an increase of 41% over the comparable period in the prior year.
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures settled up $2.32 at $95.99 a barrel, extending a 1.1% rise from the previous session but falling 2.6% on the week. U.S. West Texas Intermediate (WTI) crude futures settled up $2.49, or 2.9%, at $88.96 a barrel, after climbing 0.8% in the previous session but down nearly 4% on the week.
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