Q: What do oil companies and sand mines have in common?
Read MoreTag: Proppants
This Week’s Market Buzz
· Oil prices fell to a two-week low at press time as China rolled out a plan to release state oil reserves, the U.S. weekly crude draw was smaller than expected and U.S. Treasuries rallied as investors sought safer assets. In volatile trade, Brent futures fell $1.15, or 1.6%, to settle at $71.45 a barrel. U.S. West Texas Intermediate (WTI)…
Read MoreSmart Sand Acquires Eagle Materials’ Proppants Segment
Smart Sand Inc. has completed the acquisition of the Oil and Gas Proppants segment of Eagle Materials Inc. The segment’s primary assets include frac sand mines and related processing facilities in Utica, Ill., and New Auburn, Wis., with approximately 3.5 million tons of annual processing capacity, of which approximately 1.6 million tons has access to the BNSF rail line.
Read MoreEagle Materials Proppants Segment Down 48%
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2020 ended Dec. 31, 2019. The company is reporting third-quarter revenue of $350.2 million, up 5%.
Read MoreEagle Materials Proppants Revenue Up 208 Percent
Eagle Materials Inc. released financial results for the third quarter of fiscal 2018 ended Dec. 31, 2017. The company is reporting record revenues of $359.4 million, up 19 percent; and record net earnings per diluted share of $2.08, up 78 percent.
Read MoreOilfield Services Report: Good News for Proppants
Headwaters MB has released its latest Oilfield Services Report. The report states that, “After two years of low or declining commodity prices and low rig counts, signs have begun to emerge that oil and gas markets may finally be on the path to recovery. With some stability in commodity prices, the question now is whether the oil market’s optimism will…
Read MoreFairmount Santrol Third-Quarter Report Offers Promise
Fairmount Santrol announced results for the third quarter of 2016. Third-quarter revenues were $134.8 million, up 18 percent from $114.2 million in the second quarter of 2016 and down 21 percent from $171.0 million for the third quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, an increase of 24 percent from 2.0 million tons in…
Read MoreBMC Opens Research and Development Center
A previously unoccupied building in Taylor, Wis., is now home to Badger Mining Corp.’s (BMC) new state-of-the-art Research and Development Center. Renovations to the 5,280-sq.-ft. building, which at one time housed an athletic apparel business and more recently was used for larger meetings and gatherings, began in September 2015 and were completed in early 2016. Final additions to the lab…
Read MoreHexion Releases New Resin-Coated Proppants
The Oilfield Technology Group (OTG) of Hexion Inc. announced the release of its kRT resin-coated proppants that provide a cost-effective option for the oil and gas industry, while delivering superior performance compared to uncoated frac sand, according to the company.
Read MoreHi-Crush Acquires Blair Facility
Hi-Crush Partners has entered into a contribution agreement with Hi-Crush Proppants LLC to acquire Hi-Crush Blair LLC, the entity that owns Proppants’ raw frac sand processing facility located in Blair, Wis.
Read More