Smart Sand Inc. announced results for the second quarter 2020. Revenues were $26.1 million in the second quarter of 2020, compared to $47.5 million in the first quarter of 2020 and $67.9 million in the second quarter of 2019. Included in revenues were $14.0 million, $1.3 million, and $16.3 million of shortfall revenues for each respective period.
Read MoreTag: oil
HOLT CAT Opens New Location
HOLT CAT, the Caterpillar equipment and engine dealer for South, Central, North and Northeast Texas, opened a new location in Edinburg, Texas. The new location will expand the company’s presence in Hidalgo County, which currently includes a HOLT Truck Center. The addition of a full-service store will help HOLT continue its strong commitment to serving the communities and businesses of…
Read MoreABB Opens Fifth Factory in Brazil in $200 Million Expansion Plan
ABB officially inaugurated its fifth factory in Brazil in the presence of the Minister of Development, Industry and International Business, Mauro Borges, and the Governor of São Paulo Geraldo Alckmin. The new plant is part of a $200 million investment to expand ABB’s technology development and production capacity to serve increasing domestic demand from industries such as petrochemicals, pulp and…
Read MoreHi-Crush, U.S. Well Enter into Long-Term Contract
Hi-Crush Partners LP announced the entry into a three-year supply agreement by a subsidiary of Hi-Crush with U.S. Well Services, LLC, a Texas-based oilfield services provider of well stimulation services to the upstream oil and gas industry. The supply agreement requires U.S. Well to pay a specified price for a specified minimum volume of frac sand each month.
Read MoreReport Cites Growth – What?
March 28, 2014 – The mining, quarrying, and oil and gas extraction sector of the economy showed tremendous growth from 2007 to 2012 as the number of establishments rose by 26.4 percent, according to the 2012 Economic Census Advance Report just released by the U.S. Census Bureau. Hmmmmm, I’m questioning that. From 2007-2012, the quarrying sector of the economy took a…
Read MoreLa Ronge Purchases Assets of Private Producer
La Ronge Gold Corp. has entered into a letter of intent to acquire the assets and business of a private company producing frac sand in the Western Canada Sedimentary basin. The unnamed company currently sells into the Canadian frac sand market and has fixed sales contracts with various oil and gas service providers in Canada, according to La Ronge.
Read MoreThis Week’s Market Buzz
Two challengers out-polled incumbent Trempealeau County, Wis., supervisor Tom Bice in a recent primary election, leaving the frac sand mining proponent off the April general election ballot. Jon Schultz and Daryl Kramer received 61 and 55 votes, respectively, according to the LaCrosse Tribune. Bice, the District 5 supervisor since 2010 and former chairman of the Environment and Land Use Committee,…
Read MoreMDU Resources Grows Aggregates Business
Aggregates, energy and oil producer MDU Resources Group Inc. reported 2013 consolidated adjusted earnings of $289.9 million, or $1.53 per share, compared to $218.9 million, or $1.16 per share in 2012.
Read MoreCompanies Join Forces to Deliver Liquefied Natural Gas
Clean Energy Fuels Corp., Ferus Natural Gas Fuels, GE Ventures and GE Energy Financial Services announced at the High Horsepower Summit in Chicago a consortium to jointly deliver liquefied natural gas (LNG) in the United States. The consortium, Eagle LNG Partners, will develop regional LNG projects to meet the growing demand for the cleaner-burning, less expensive fuel in industries such…
Read MoreMining, Quarrying in Second Most-Dangerous Occupation Group
According to preliminary data from the Bureau of Labor Statistics, mining, quarrying, and oil and gas extraction are the second most-dangerous occupation group.
Read More