Select Sands Corp. announced operational and financial results for fourth quarter and full year 2021. The company:
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U.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…
Read MoreIMA Hires Grebey as Communications Head
The Industrial Minerals Association-North America (IMA) hired Bud Grebey as its new vice president, communications and external affairs. In his new role, he will spearhead the development of near- and long-term communications and brand strategies for the organization and its member sectors, as well as serving as spokesperson to the media.
Read MorePermian Drilling Permits Hit All-Time Monthly High in March
Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows.
Read MoreWisconsin Supreme Court Rules Against Meteor Timber
The Wisconsin Supreme Court won’t hear a Georgia company’s request to reinstate a key permit to fill wetlands as part of a plan to build a $75 million frac sand operation in Monroe County, according to Wisconsin Public Radio.
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• At press time, Brent futures were down 86 cents, or 0.8%, at $107.92 a barrel, while U.S. West Texas Intermediate futures were off $1.10 or 1.1%, at $103.15 a barrel.
Read MoreSource Energy Services Takes Over Peace River Facility
Source Energy Services Ltd. has entered into agreements with Canadian Silica Industries Inc. and Contractor’s Leasing Corp. (CSI), which will result in Source assuming all operations, distribution and sale of domestic frac sand from CSI’s Peace River facility.
Read MoreSource Energy Services Makes Executive Appointment
Brad Thomson has elected to retire as president and chief executive officer and as a director of Source Energy Services Ltd. Scott Melbourn has been appointed president and chief executive officer and will be appointed as a member of the board.
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