By Penny Aschenbrenner Q: What do oil companies and sand mines have in common?A: Proppants and profits. The following information describes the crippling inefficiencies of proppant quality control and how it affects the bottom line for sand mines and oil producers. We’ve come a long way since 1866 when the first “exploding torpedo” was used downhole to fracture shale. That…
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Unimin, Fairmount Santrol to Become Covia
Fairmount Santrol and Unimin Corp. announced that following the close of their proposed merger, the combined company will be known as Covia Holdings Corp. and will trade on the New York Stock Exchange under the ticker symbol “CVIA.”
Read MoreFairmont Santrol, Unimin Strike Merger Deal
Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.
Read MoreEagle’s Proppant Business Down in Third Quarter
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2017 ended Dec. 31, 2016. The company is reporting:
Read MoreHi-Crush Has Successful Test of Integrated Delivery Solution
Hi-Crush Partners LP announced the successful pilot test of its PropStream integrated delivery solution, which is designed to structurally enhance the efficiency of sand delivery in the well completion process.
Read MoreBMC to Construct New Transload Facility in Texas
A plot of land just south of Pecos, Texas, will become home to the newest transload facility for Badger Mining Corp. (BMC) in the coming months. Sitting on the Pecos Valley Southern Railway, which connects to the Union Pacific in Pecos, the nearly 300-acre site will accommodate 120 railcar spots after Phase I of construction is complete in early 2017.
Read MoreU.S. Silica to Acquire Sandbox Enterprises
U.S. Silica Holdings Inc. announced that it has entered into a definitive agreement to acquire Sandbox Enterprises LLC, a provider of innovative logistics solutions and technology for the transportation of proppant. The transaction will be financed using a combination of $75 million of cash on hand and approximately 4.2 million U.S. Silica common shares.
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 MoreWildcat Opens Ohio Facility
Wildcat Minerals opened a new frac sand and proppant-transloading storage facility in Hannibal, Ohio. The expansion into this key unconventional play will allow the company to store more than 10,000 tons of proppants, receive barges and unit trains and further enhance its position as a premier national materials handler of oilfield consumables.
Read MoreTechnology Designed to Control Fugitive Dust
Preferred Technology, an affiliate of Preferred Sands and one of North America’s leading proppant-technology companies, recently completed a series of successful DustPRO proppant pilot wells in Colorado.
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