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Fairmont Santrol Reports Reduced Frac Sand Volumes

Fairmount Santrol announced results for the second quarter ended June 30, 2015. Second-quarter 2015 revenue totaled $221.3 million, down 34 percent from $334.3 million for the same period in 2014, and down 27 percent from $301.5 million in the first quarter of 2015.

Read more: Fairmont Santrol Reports Reduced Frac Sand Volumes

Carbo Takes A Second Quarter Loss

CARBO Ceramics Inc. reported a GAAP net loss of $17.0 million, or a loss of $0.74 per share, on revenues of $73.3 million for the quarter ended June 30, 2015. This net loss includes $7.6 million, or $0.33 per share, of after-tax costs primarily associated with slowing and idling production.

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Headwaters Report Predicts Long-Term Proppant Growth

Headwaters MB released its mid-year 2015 Oilfield Services Outlook. The report notes that 2015 has thus far been a retrenchment year, with the number of land-based drilling rigs dropping by approximately 50 percent since November 2014 and companies in the oil services sector reacting to the new oil price deck reality.

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Select Sands Appoints New COO

Select Sands Corp. appointed Zig Vitols as chief operations officer of the company. Vitols, a resident of Houston, has served as the president, Mid-South Division, of Martin Marietta Materials Inc. Vitols also worked as the Northeast Regional Manager for W. R. Grace & Co.

Read more: Select Sands Appoints New COO