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This Week’s Market Buzz

  • Select Sands Corp. has agreed to purchase the frac sand business of CanFrac Sands Ltd. for a purchase price of $3.5 million. Canfrac Sands produces 20/40, 40/70, 16/30, and 100 mesh sand. The corporation's quarrying operations and processing facilities are located near the city of Lloydminster in Saskatchewan, Canada.
  • OSHA and the NIOSH have been investigating worker safety and health hazards in oil and gas extraction, including chemical exposures during hydraulic fracturing operations. NIOSH said recent field studies show that workers may be exposed to dust with high levels of respirable crystalline silica during hydraulic fracturing. OSHA suggests operations monitor the air to determine worker exposures to silica; control dust exposures by improving existing engineering controls and safe work practices; provide respiratory protection when it is needed to protect workers; provide training and information to workers about the hazards of silica and other chemicals; and consider medical monitoring for workers who are exposed to silica.
  • Claim Post Resources Inc. has started a 20-hole sonic drill program at the Seymourville Frac Sand project. The drill program is designed to quantify the tonnage of sand on the Gossan Resources Limited leases. The holes are spaced at 400m x 400m centers with a number of fill-in holes to confirm historical drilling and to support an Indicated Mineral Resource, the company said. Several preliminary geotech holes will also be completed.