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U.S. Silica Holdings Announces First Quarter Results

U.S. Silica Holdings, Inc. announced net income of $18.4 million or $0.34 per basic and diluted share for the first quarter ended March 31, 2014, compared with net income of $17.3 million or $0.33 per basic share and $0.32 per diluted share for the first quarter of 2013. Earnings per share in the quarter were negatively impacted by $1.8 million or $0.03 per basic share for additional M&A and business development expense. Excluding this expense, net income for the first quarter ended March 31, 2014, was $19.7 million or $0.37 per basic and diluted share.

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Hi-Crush Completes Acquisition

Hi-Crush Partners LP announced the successful completion of its previously announced acquisition of certain equity interests in Hi-Crush Augusta LLC, the entity that owns a raw frac sand processing facility located in Augusta, Wis., for cash consideration of $224.25 million.

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New Book Takes On Pros, Cons of Fracking

Wall Street Journal investigative reporter Russell Gold — who has been  recognized as a finalist for the Pulitzer Prize and is a recipient of the Gerald Loeb Award for his work – has released a new book entitled “The Boom: How Fracking Ignited the American Energy Revolution and Changed the World.”

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Wisconsin Police Powers Bill Stalls

According to the Wisconsin Industrial Sand Association (WISA), the Wisconsin State Legislature adjourned its 2013-2015 session without acting on SB 632/AB 816. The bill ¬– significantly revised from its predecessor SB 349 – would have prevented use of municipal police powers to change the rules for existing, locally permitted non-metallic mining operations and properties, while continuing the high level of protection over the state’s environmental and economic interests provided by state and local government.

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Superior Silica Sand Seeks Land for Transloading

Superior Silica Sand has submitted a letter of intent to purchase 40 acres of land in North Branch, Minn.’s ESSBY Business Park off 400th Street. At a North Branch City Council meeting, City Administrator Bridgitte Konrad said a purchase agreement with the business is likely months away, according to the ECM Post Review.

Read more: Superior Silica Sand Seeks Land for Transloading