Select Sands Corp. announced operational and financial results for the full year and fourth quarter of 2017 and the filing of its 2017 full-year financial statements. The company reported full-year revenues of $15.1 million and gross profit of $2.9 million, resulting in a 19.2 percent gross profit margin for 2017.
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This Week’s Market Buzz
Select Sands Corp. announced as part of its plans to improve logistics and create better efficiencies, the company has completed a new private road to gain direct access to a recently rebuilt Federal Highway from its producing Sandtown Quarry in Arkansas. Zig Vitols, president and CEO of Selects Sands said, “We continue to see strong demand for our Northern White…
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Shale Support Holdings LLC, a leading provider of frac sands and logistical solutions to the oil and gas proppant market, announced its newest exclusive terminal located in Gibsland, La. The terminal boasts 24-hr operations, seven days-a-week, 100-car capacity, easy access to major highways, on-site space to store containerized sand boxes, and room to add future storage capabilities. Shale Support is…
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Shale Support Holdings LLC, a leading provider of frac sands and logistical solutions to the oil and gas proppant market, has announced its newest exclusive terminal located in Gibsland, La. The terminal boasts 24-hr operations, seven days-a-week, 100-car capacity, easy access to major highways, on-site space to store containerized sand boxes, and room to add future storage capabilities. Shale Support…
Read MoreSelect Sands Reports First-Quarter Progress
Select Sands Corp. announced financial and operational results for the first quarter of 2017. The company achieved the ability to produce commercial quantities of frac and industrial sand and as a result, commercial production commenced at the start of the quarter.
Read MoreSelect Sands Names New President and CEO
Select Sands Corp. announced that Zigurds “Zig” Vitols, the company’s current chief operating officer, has been appointed president and CEO. Vitols will be replacing Rasool Mohammad, who will be taking on a new role as chief operating officer of Select Sands and president of American Select Corp., a wholly owned U.S. subsidiary of Select Sands.
Read MoreSelect Sands Divests Gold Project
Select Sands Corp. and Comstock Metals Ltd. announced that they have entered into a letter of intent in respect of a proposed purchase by Comstock of Select Sands’ Preview SW gold project located in the La Ronge district of Saskatchewan and Select Sands’ early-stage Old Cabin property in Ontario.
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The Winona, Minn., city council decided against requiring air-quality monitoring at frac sand facilities in the city, according to the Winona Post. Instead of requiring monitoring equipment, city leaders decided to focus on creating new dust management rules – requirements that loading facilities be enclosed, for example – and on better enforcement of the rules the city already has. Citizen…
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Rangeland Energy is moving up to eight railcars per day of frac sand for Halliburton at its Rio crude-by-rail terminal near Loving, N.M., keeping alive a system that would otherwise be idled amid narrow domestic crude differentials, according to a report on Reuters. The midstream operator is moving as many as eight railcars per day of frac sand at the…
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Rangeland Energy announced that the largest frac sand unit train shipped to date in North America has arrived at the company’s RIO Hub located near Loving, N.M. The record 150-car unit train carried 16,500 tons (33 million lb.) of frac sand and was powered by five diesel locomotive engines. The unit train originated in Ottawa, Ill., and was operated by…
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