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This Week’s Market Buzz

  • Hi-Crush Partners reported third quarter 2016 results. Revenues for the quarter ended Sept. 30, 2016, totaled $46.6 million on sales of 1,082,974 tons of frac sand. This compares to revenues in the second quarter of 2016 of $38.4 million on sales of 849,263 tons of frac sand.
  • Athabasca Minerals is continuing permitting for the Firebag Frac Sand Project. Under the terms of the recent sale of the its Obed transloading facility, Athabasca retains the ability to distribute frac sand from the Firebag Project via the facility. Additional permitting is also being sought for a potential transloading facility in the Lynton, Alberta, Canada, region, which lies approximately 100 km south of the Firebag Project.
  • Eagle Materials reported that its Oil and Gas Proppants segment saw second-quarter revenues of $6.6 million, a 64 percent decrease from the prior year primarily reflecting a 45 percent decline in frac sand sales volumes. Its frac sand business continues to be impacted by the significant slowdown in oil and gas drilling activity over the past two years.