Fairmount Santrol announced preliminary financial results for the second quarter of 2016. Second-quarter 2016 revenues are expected to be between $113 million and $115 million, compared with $145.5 million for the first quarter of 2016 and $221.3 million for the same quarter in 2015.
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Fairmount Santrol Announces First-Quarter 2016 Results
Fairmount announced results for the first quarter of 2016. First-quarter 2016 revenues were $145.5 million, up 8 percent from $134.9 million in the fourth quarter of 2015, and down 52 percent from $301.5 million for the same period in 2015. Overall volumes sold were 2.1 million tons for the quarter, an increase of 10 percent from 1.9 million tons in the fourth quarter…
Read MoreFairmount Santrol Releases Corporate Social Responsibility Report
Fairmount Santrol released its 10th annual Corporate Social Responsibility (CSR) Report, entitled “All In.” The 2015 report follows the new Global Reporting Initiative (GRI) G4 Guidelines. “To meet these guidelines, we conducted an assessment where we engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks and opportunities,” the company said.
Read MoreFairmount Santrol Completes Proppant Field Trial
Fairmount Santrol announced a successful six-well field trial using its proprietary Propel SSP proppant transport technology. Initial 90-day oil production increased 39 percent compared with offset wells, the company said. Field trial details are summarized in a case study available on Fairmount Santrol’s website.
Read MoreFairmount Santrol Delivers Paper on Self-Suspending Proppant
Fairmount Santrol presented a technical paper July 22, confirming self-suspending proppant increases oil and gas production by not harming the formation. The company presented the paper at the Unconventional Resources Technology Conference (URTeC).
Read MoreFairmount Santrol Releases Corporate Social Responsibility Report
Fairmount Santrol released its ninth annual Corporate Social Responsibility (CSR) Report, “Boldly Different” – its first report to follow the new Global Reporting Initiative (GRI) G4 Guidelines, according to the company.
Read MoreThis Week’s Market Buzz
A Texas based frac sand mining company is backing out of plans to develop a 1,600 acre mine and processing plant in Trempealeau County, Wis. Over the last year, Superior Silica Sands has been in the process of developing a plant between the cities of Independence and Arcadia. As part of the project, Independence annexed the property, but controversy about…
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There’s been a lot of talk recently about how the frac sand industry will be affected by the recent drop in oil prices. But overall experts are saying frac sand miners shouldn’t be worried, there’s no evidence of a slowdown in Wisconsin, and it’ll take a lot more than a temporary drop in oil prices to change the demand for…
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The Houston County, Minn., board of commissioners revealed its proposed frac sand mining ordinance establishing a number of restrictions, limitations and environmental protections. The new ordinance limits the volume of sand that can be mined per year, requires mines to comply with a road use and maintenance agreement, and gives county officials the authority to issue environmental reviews. It also…
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