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U.S. Silica Doubles Income in 2014

U.S. Silica Holdings Inc. announced net income of $33.2 million or $0.62 per basic share and $0.61 per diluted share for the fourth quarter ended Dec. 31, 2014, compared with net income of $16.5 million or $0.31 per basic and diluted share for the fourth quarter of 2013.

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Drop in Oil Prices Brings Uncertainty

According to Business Insider, the global collapse of oil prices may have a bigger impact on the shale boom than anyone realizes. However the biggest threat may not be to the existing wells in the U.S., but the untapped resources around the world.

 

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Terex Washing Systems to Showcase FracStac

Fracstac-150Terex Washing Systems (TWS) is gearing up for another exclusive event, the official launch of the world’s first modular frac plant, a new innovative modular, container design-based machine that will provide “the ideal solution for frac sand processing and other industrial sands, once again setting TWS apart from its competitors,” the company said.

 

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Victory Nickel Quantifies Deposit

Victory Nickel Inc. announced that a resource estimate of approximately 11 million tons of sand has been completed by Summit Envirosolutions Inc. on the company's Bear Coulee frac sand property and will be incorporated into a National Instrument 43-101 technical report. The Bear Coulee frac sand property is located in Trempeleau County, Wis., and was optioned by Victory Nickel in the fourth quarter of 2014.

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