U.S. Silica Holdings Inc. announced net income of $31.6 million, or $0.40 per diluted share, for the fourth quarter ended Dec. 31, 2022. Those results compared with net income of $32.1 million, or $0.41 per diluted share, for the third quarter of 2022. Overall tons sold of 4.606 million for the fourth quarter of 2022 were essentially flat compared with…
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This Week’s Market Buzz
• The North American benchmark price for oil surged at press time to more than $90 a barrel – its highest level since 2014. The March crude oil contract for West Texas Intermediate closed at $90.27 per barrel, up $2.01 per barrel, bolstered by geopolitical tensions and supply concerns.
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Brent crude futures were up 99 cents, or 1.3%, at $75.41 a barrel at press time, while U.S. West Texas Intermediate (WTI) crude futures rose $1.08, or 1.5%, to $72.02.
Read MoreU.S. Silica Reports Strong Quarter
U.S. Silica Holdings Inc. reported net income of $26.0 million, or $0.34 per diluted share, for the second quarter ended June 30, compared with a net loss of $20.8 million, or $0.28 per diluted share, for the first quarter of 2021.
Read MoreU.S. Silica Cites Surging Proppant Demand in Quarterly Report
U.S. Silica Holdings Inc. announced net income of $4.6 million, or $0.06 per basic and diluted share, for the fourth quarter ended Dec. 31, 2020, compared with a net loss of $292.9 million or $3.99 per basic and diluted share for the fourth quarter of 2019.
Read MoreCasper Promoted at U.S. Silica Holdings
U.S. Silica Holdings Inc. announced the promotion of Bradford B. Casper to vice president and chief commercial officer.
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Hi-Crush Partners LP announced the appointment of Jeffery A. Johnson as director of environmental compliance, with the responsibility for maintaining and administering the regulatory compliance programs for all Hi-Crush facilities. Johnson brings more than 15 years of experience to the company, with the majority working within the environmental regulatory programs at the Wisconsin Department of Natural Resources. Johnson will have…
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Eleven minor earthquakes shook central Oklahoma recently, renewing speculation that the area’s oil and gas drilling boom – fueled by fracking – is to blame for an increase in seismic activity. During a 14-hour stretch the U.S. Geological Survey recorded seven quakes ranging from magnitude 2.6 to 2.9 in areas northeast of Oklahoma City. In addition, a 4.3-magnitude temblor hit…
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