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 frac sand product due to its premium quality and the strategic location of our operations relatively close to some of the most prolific producing oil and gas basins in the U.S. Building this road is another step in being more effective and efficient at meeting demand."
  • Halliburton's Chief Financial Officer Chris Weber said the company has been seeing sand deliveries delayed by up to 72 hours since last February. The reason, the company said, was because of delays by Canadian rail companies that are slowing the delivery of frac sand. "During the fourth quarter, we also saw cost inflation in sand and trucking. The price of sand escalated over the last few months of 2017," Jeff Miller, Halliburton's president and CEO, told investors on an earnings call in January. "But I believe that increasing sand capacity, particularly from localized mines combined with our supply chain strategy will reduce the cost throughout 2018."
  • Claim Post Resources Inc. appointed Robert (Bob) D. Archibald as chief operating officer of the company. Archibald has more than 40 years of technical, operational and executive experience in mining, construction materials, aggregates and industrial minerals industries. Archibald has been involved in a variety of frac sand operations located in the states of Texas, Illinois and Wisconsin in the United States and in the province of Alberta in Canada. He holds a Bachelors degree in Mining Engineering from Montana College of Mineral Science and Technology and an MBA from Oklahoma City University. Archibald is a registered Professional Engineer in the United States. He is also a Qualified Person as defined by National Instrument 43-101. Archibald has served on the board of directors of the National Stone, Sand and Gravel Association. "Claim Post's focus on development of its Tier 1 frac sand deposit at Seymourville has been greatly enhanced through the addition of Bob Archibald's expertise to our team," stated Executive Chairman Lowell Jackson.