Hi-Crush, Pioneer Strike Deal for Mobile Mining

Hi-Crush Inc. has entered into an agreement with Pioneer Natural Resources to deploy Hi-Crush’s sixth OnCore mobile mining unit to supply frac sand for use in Pioneer’s well completions activity in the Midland Basin. This will be Hi-Crush’s second OnCore deployment with Pioneer following the successful commencement of operations at OnCore #4 in September 2022, and Hi-Crush’s fifth OnCore deployment within the Midland Basin.

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Future Market Insights Assesses Shale Gas Hydraulic Fracturing Market

The shale gas hydraulic fracturing market in Canada, the United States and China experienced robust year-on-year (YoY) growth rate during 2021. While the total market volume across these countries totaled 28,866.50 units in 2021, it is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.

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Chemours Begins Operation of Trail Ridge South Mineral Sand Mine in Florida

The Chemours Company, a global chemistry company with leading market positions in titanium technologies, thermal and specialized solutions, and advanced performance materials, invited key community stakeholders and legislators to a ribbon cutting event on Oct. 14 to officially recognize the startup of its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that…

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Source Energy Services Completes Refinancing of Senior Credit Facility

Source Energy Services Ltd. has closed a new revolving asset-backed senior credit facility with a syndicate comprising FGI Worldwide LLC and CIT Northbridge Credit, as advised by CIT Asset Management LLC, providing access to financing of approximately C$75 million (US$55 million, and has made the Aug. 15, 2022, cash interest payment on its 10.5% senior secured first-lien notes due March…

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