Oil and gas companies in the United States are striving to find a balance between ongoing environmental, social and governance (ESG) initiatives and a desire to ramp up production as the world battles a sweeping energy crisis. All the while a larger conversation concerning so-called “greenwashing” – the practice of misleading investors into thinking environmentally unfriendly practices are, in fact,…
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Halliburton Sees Spike in Total Revenue
Halliburton Co. announced net income of $109 million, or $0.12 per diluted share, for the second quarter of 2022. This compares to net income for the first quarter of 2022 of $263 million, or $0.29 per diluted share. Adjusted net income for the second quarter of 2022, excluding impairments and other charges, was $442 million, or $0.49 per diluted share.…
Read MoreRail Traffic Rises, Including Nonmetallic Minerals
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending July 16, 2022. For the week, total U.S. weekly rail traffic was 498,899 carloads and intermodal units, down 2.8% compared with the same week last year.
Read MoreCommentary: Proppants: Are You Getting What You Pay For?
Q: What do oil companies and sand mines have in common?
Read MoreThis Week’s Market Buzz
• Brent crude futures climbed 20 cents, or 0.2%, to $104.03 a barrel at press time, while U.S. West Texas Intermediate crude (WTI) fell 64 cents, or 0.6%, to $95.70 a barrel.
Read MoreUSGS: Construction Sand and Gravel Production Increases 5.2%
The estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2022 was 476 million metric tons (Mt), an increase of 4.1% compared with that of the same period of 2021, according to Jason Willett, commodity specialist for the U.S. Geological Survey (USGS).
Read MoreMSHA Launches Silica Dust Initiative
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched a new enforcement initiative to “better protect the nation’s miners from health hazards resulting from repeated overexposure to respirable crystalline silica.” MSHA said that silica dust affects thousands of miners each year and, without adequate protection, miners face risks of serious illnesses, many of which can be…
Read MoreBeekhuizen Resigns at Athabasca Minerals
Athabasca Minerals Inc. announced that Robert Beekhuizen has provided notice of his resignation as chief executive officer and director of the corporation, effective immediately. Dana Archibald, chief operating officer, has been appointed as interim chief executive officer while the board of directors assesses a permanent successor.
Read MoreU.S. Silica Backs Off Alternative Plan for Industrial & Specialty Products
U.S. Silica Holdings Inc. announced that its board of directors has concluded its previously announced review of strategic alternatives for its Industrial & Specialty Products (ISP) segment.
Read MoreThis Week’s Market Buzz
At press time, West Texas Intermediate crude for August delivery rose $1.35, or 1.3% to $105.62 a barrel. Brent crude rose $1.30, or 1.1%, to $111.35 a barrel.
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