Hi-Crush Reports Higher Production, Sales

Hi-Crush Partners LP reported second quarter 2017 results. Revenues for the second quarter of 2017 totaled $135.2 million on sales of 2,112,516 tons of frac sand. This compares to $83.4 million of revenues on sales of 1,384,887 tons of frac sand in the first quarter of 2017.

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Black Mountain Sand, Diamondback Energy Ink Supply Contract

Black Mountain Sand LLC has entered into a new multi-year supply contract with Diamondback Energy Inc., beginning in early 2018. This agreement will ensure Diamondback’s long-term continuity of frac sand supply through committed capacity of Black Mountain’s two 4 million tpy facilities and 1.5 billion tons of in-basin frac sand reserves.

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CARBO Ceramics’ Revenues Increase 111 Percent

CARBO Ceramics Inc. reported that revenue for the second quarter of 2017 was $43.6 million, an increase of 111 percent year-over-year and 26 percent sequentially. The company is reporting an operating loss of $23.7 million for the quarter compared to revenue of $20.7 million and an operating loss of $30.0 million in the same period of 2016.

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