Hi-Crush Inc. is trying to sell off one of its four Wisconsin frac sand mines after facing bankruptcy last year, according to the Milwaukee Journal-Sentinel.
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This Week’s Market Buzz
• Oil prices extended gains at press time after rising 1% in the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan. Brent rose 89 cents, or 1.3%, to $68.16 a barrel, and U.S. West Texas Intermediate crude was up 83 cents, or 1.3%, at $64.69 a…
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• The U.S. oil benchmark, WTI Crude, rose at press time to above $64 a barrel, soaring by more than 5%, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April. Brent Crude prices jumped above $67 per barrel, to $67.17, up by 5.10%, after OPEC+ sources…
Read MoreEmerging Hydraulic Fracturing Innovations
Ian Palmer, writing in Forbes, recapped emerging technology potentially impacting hydraulic fracturing in the future.
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Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brought havoc to a region that seldom faces frigid Arctic blasts, according to the Houston Chronicle. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in…
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• At press time, oil prices fell after a new strain of coronavirus discovered in the U.K. sparked fresh travel restrictions across Europe and concerns that there may be more lockdowns globally. Brent crude oil, the international benchmark, dropped 2.6% to $50.91 a barrel. Futures tied to West Texas Intermediate, the main U.S. crude gauge, fell 2.8% to $47.74 a…
Read MoreAthabasca Minerals to Focus on ‘Greenest Sand Facility’ in North America
Athabasca Minerals Inc. (AMI) announced its financial results for the third quarter ended Sep. 30. Athabasca reported consolidated revenue of $0.4 million ($0.1 million in Q3 2019) with a total loss and comprehensive loss of $1.1 million, compared to income of $0.8 million in Q3 2019.
Read MoreAOGR Special Report: System Eliminates Frac Sand Drying
This article from the August 2020 issue of The American Oil and Gas Reporter highlights the latest innovation from PropX – an innovative and patent-pending last mile frac sand logistics system designed to deliver wet or dry sand from the sand source to the frac blender.
Read MoreOnce Booming, Sand Mines Shuttered
According to an article in the Winona Post, frac sand mining has proven to be a boom and bust industry in Trempealeau County, Minn. From creating scores of jobs and bringing in millions in revenues to idling plants – local frac sand companies’ fortunes have fluctuated with oil prices and competition. Since the pandemic crushed global demand for oil, the…
Read MoreSelect Sands Sees Material Increase in Customer Activity Levels
Select Sands Corp. announced operational and financial results for Q3 2020, and the filing of its financial statements and associated management’s discussion and analysis. The company:
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