Fairmount Santrol announced results for the second quarter ended June 30, 2015. Second-quarter 2015 revenue totaled $221.3 million, down 34 percent from $334.3 million for the same period in 2014, and down 27 percent from $301.5 million in the first quarter of 2015.
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According to the Houston County News, The Minnesota Court of Appeals on July 20 reversed a Minnesota Department of Natural Resources decision that a Houston silica sand mine may not operate until the owners obtain a trout stream setback permit. The court determined that the Erickson Sand Mine is not a “new project,” so the mine can legally operate, according…
Read MoreFairmont Santrol Revenues Up
Fairmont Santrol reported that first quarter 2015 revenue totaled $301.5 million, up 2 percent from $294.9 million for the same period in 2014. Overall sales volumes increased to 2.3 million tons for the quarter, an 8 percent increase compared with 2.1 million tons in the first quarter of 2014.
Read MoreFairmont Santrol Reports Strong Quarter, Year
Fairmount Santrol announced results for the fourth quarter and full year ended Dec. 31, 2014. For the fourth quarter, net income was $37.9 million, or $0.23 per diluted share, compared with net income of $10.7 million, or $0.06 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.24, an increase of 118 percent…
Read MoreFairmont Santrol Details Transport Technology
Fairmount Santrol detailed its latest Propel SSP proppant transport technology field trial results. The company said its technology is reducing cost per BOE by increasing the stimulated reservoir volume.
Read MoreFairmont Santrol Confident About Future
Fairmount Santrol announced fourth-quarter and full-year 2014 sales volumes. The company reports a strong fourth quarter driven by total sales volumes of approximately 2.5 million tons, an increase of 15 percent compared with the prior-year period. Overall, fourth-quarter raw sand volumes were 2.1 million tons, and value-added coated product volumes were 0.4 million tons, up 11 percent and 41 percent,…
Read MoreFairmount Santrol Gets Favorable Permit Ruling
Fairmount Santrol announced that it has received a favorable permit ruling that gives the company the option to expand the sand mining, processing and coating capacity of its Wedron, Ill., operation.
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