The Frac Sand Insider Conference and Expo will take place May 10-11 in La Crosse, Wis., at the La Crosse Center. Frac Sand Insider is a focused, informative event tailored to both experienced operators and companies just entering the industry. The event will give manufacturers and consultants an opportunity to meet directly with decision-makers from producers throughout North America.
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This Week’s Market Buzz
Light, sweet crude for May delivery is currently trending at $37.26 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, is at $39.43 a barrel on ICE Futures Europe.
Read MoreFrac Fights Back
WITH OIL PRICES ON THE RISE, IS THE MARKET FOR FRAC SAND ABOUT TO HEAT UP AGAIN? By Mark S. Kuhar It’s all about oil prices. The dramatic drop in the price of a barrel of oil over the past year has had the frac sand industry scrambling to make ends meet. With drilling at a standstill, only wells currently…
Read MoreVista Sand Increases Production Capacity
Vista Sand Ltd. announced the addition of 1.5 million tons of annual production capacity at its mine in Granbury, Texas, which increases the overall capacity to approximately 4.5 million tpy of its Texas Premium White frac sand. Vista Sand also obtained a second Texas sand deposit projected to yield another 2 million tons annually.
Read MoreDakota Plains Increases Transloading 251 Percent
Dakota Plains Holdings Inc. announced financial results for the three and 12 months ended Dec. 31, 2015. The company:
Read MoreClaim Post Amends Gossan Resources Agreement
Claim Post Resources Inc. amended its Manigotagan Agreement with Gossan Resources Ltd. to provide an extension in the due date of a $430,000 payment for six months to Dec. 18, 2015, subject to interest at 1 percent per month, and a payment of 1,000,000 common shares of Claim Post, as well as an increase in the advance royalty provisions. The…
Read MoreRohr-Idreco Supplies Frac Sand Dredge
Rohr-Idreco has designed, built and installed an RISD400-M (16-in.) electric dredge for application in the frac sand mining industry.
Read MoreThis Week’s Market Buzz
Six-year-low crude oil prices may have decimated new drilling activity, but market indicators show there is a more intense use of frac sand in the new wells that remain in the Eagle Ford and other shale plays. A June 11 report from global investment bank Jefferies shows that overall demand for frac sand is down in 2015 due to low…
Read MoreSelect Sands Completes PEA on Arkansas Project
Select Sands Corp. completed an independent Preliminary Economic Assessment (PEA) for the company’s permitted Sandtown Project located in Northeast Arkansas. Tetra Tech of Golden, Colo., and Vancouver, BC, Canada, completed the PEA. The current study comprises approximately 40 percent of the property (200 acres).
Read MoreThis Week’s Market Buzz
According to the investment website Seeking Alpha, long term, the market dynamics for frac sand are still in place. The amount of frac sand per well seems to be increasing for now based on the fact drillers are using more stages per well. As prices fall drillers are incentivized to increase the amount of frac sand they use per well…
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