Smart Sand Reports Higher Revenues

Smart Sand Inc. announced results for the third quarter 2021. Revenues were $34.5 million in the third quarter of 2021, compared to $29.6 million in the second quarter of 2021 and $23.4 million in the third quarter of 2020. Revenues were up in the third quarter, compared to the second quarter of 2021, due to higher sand sales revenues resulting from higher in-basin sales volumes and…

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Smart 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.

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Smart Sand Cuts Costs, Addresses Cash Flow

Smart Sand Inc. provided an update on the current market environment. The recent decline in oil prices resulting from a combination of oversupply from Russia and Saudi Arabia and reduced demand related to the COVID-19 pandemic has led many exploration and production companies and oilfield service companies to announce plans to slow or stop well completions activity.

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