Pioneer Natural Resources Co. announced that the company closed on its previously announced acquisition of approximately 28,000 net acres in the Midland Basin from Devon Energy for $435 million, before normal closing adjustments.
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U.S. Silica Looks Forward; Buys Reserves
U.S. Silica Holdings Inc. announced a net loss of $10.7 million or $(0.20) per basic share for the first quarter ended March 31, 2016, compared with net income of $14.8 million or $0.28 per basic share for the first quarter of 2015. The first quarter results were negatively impacted by $2.2 million in restructuring costs for actions designed to help…
Read MoreEagle Materials Revenues Climb 19 percent
Eagle Materials reported revenues up 19 percent to $1.1 billion in its financial results for fiscal year 2015 and the fiscal fourth quarter ended March 31, 2015.
Read MoreDi-Corp. Hopes to Build New Plant
A well-established Alberta, Canada, company is hoping to set up a plant in Yellowhead County, just west of Peers. Di-Corp is hoping build a frac sand, oil and gas facility beside the CN Rail mainline.
Read MoreFMI: Construction Market Ready to Pop
Total construction put-in-place (CPIP) for 2015 is predicted to grow 8 percent according to the latest report from FMI. This supports earlier FMI predictions that CPIP will top $1 trillion in 2015, something the market has not seen since 2008. This indicates that the economy is on track for a resilient recovery.
Read MoreThis Week’s Market Buzz
Smart Sand Partners (SSLP) is hoping to follow in the footsteps of Hi-Crush Partners and Minnesota Pollution Control Agency (MPCA), with a record-breaking IPO. Like the previous two fracking sand MLPs, SSLP produces Northern White frac sand from sand mines and a processing facility in Wisconsin. Its integrated facility has on-site rail infrastructure and wet and dry sand processing facilities,…
Read MoreNatural Resource Partners Benefits from Aggregates Acquisition
Oil and gas, coal, aggregates and industrial-minerals producer Natural Resource Partners L.P. (NRP) reported revenues of $91.6 million for the third quarter of 2014 compared to $82.2 million for the third quarter of 2013, and distributable cash flow, a non-GAAP measure, of $57.8 million compared to $104.6 million for the third quarter of 2013.
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