IAC’s Smart Plant Remote Monitoring System is a highly economical cloud-based IoT system to ensure regulatory compliance and save energy within your facility, the company stated. With the ability to monitor compressed air, faster detection of leaks, and cleaning on demand, Smart Plant Industry 4.0 technology keeps your equipment running optimally while alerting you to equipment failures within minutes.
Read MoreCategory: Frac Sand
Choosing The Right Renewable Energy Strategy for Your Operations
Climate change and environmental issues have taken center stage, and the number of companies taking significant steps to reduce their carbon footprint continues to grow.
Read MoreShale Reinvestment Rates Hit Historic Lows
Reinvestment rates among U.S. shale oil producers hit an all-time low in the the third quarter of 2021, resulting in a record free cash flow for the quarter, and are projected to fall even lower by year-end according to a Rystad Energy analysis. The analysis focused on a peer group of 21 public U.S. shale oil producers, excluding majors, that…
Read MoreSelect Sands Reports Increased Quarterly Sales
Select Sands Corp. announced operational and financial results for the third quarter 2021. The company is reporting:
Read MoreThis Week’s Market Buzz
• Oil prices dipped at press time, as Brent crude fell $5.40, or 6.5%, to $76.82 a barrel and U.S. West Texas Intermediate (WTI) crude was down $5.82, or 7.4%, at $72.57 a barrel, after the Thanksgiving holiday.
Read MoreSource Energy Services Hits Record Sales Volumes
Source Energy Services Ltd. announced its 2021 third-quarter financial results, reporting that it sold 751,611 metric tonnes (MT) of sand and earned sand revenue of $79.3 million; achieved record daily and monthly sand sales volumes; and added a new direct exploration and production (E&P) customer during the quarter and another shortly after the end of the quarter.
Read MorePropX Acquired by Liberty Oilfield Services
PropX has been acquired by Liberty Oilfield Services. This combination will enable PropX to enhance its equipment development as well as logistics data, software and technology, offering the industry “an unparalleled last-mile solution of equipment, software and frac experience,” the company stated.
Read MoreCovia Makes Executive Appointments
Covia announced that Duncan Stuart has joined the company as executive vice president, chief legal officer and secretary, effective immediately. Stuart joins Covia after having served in senior legal positions over his 28 years at The Dow Chemical Co.
Read MoreSmart Sand Reports Higher Revenues
Smart Sand Inc. announced results for the third quarter 2021. Revenues were $34.5 million in the third quarter of 2021, compared to $29.6 million in the second quarter of 2021 and $23.4 million in the third quarter of 2020. Revenues were up in the third quarter, compared to the second quarter of 2021, due to higher sand sales revenues resulting from higher in-basin sales volumes and…
Read MoreThis Week’s Market Buzz
Oil prices were steady at press time as the market grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices. Brent crude futures were down 8 cents to $82.56 a barrel after falling earlier to $81.66. U.S. West Texas Intermediate (WTI) futures were down…
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