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This Week’s Market Buzz

  • Genscape’s proprietary pipeline models indicate that natural gas production for the 48 contiguous states reached the 70 bcfd level for the first time on Monday, July 21, 2014. This unique milestone demonstrates the ongoing growth in gas production and the continued reliance on natural gas in North America. Using regional natural gas prices in combination with well economics, Genscape provides the most accurate gas production forecasts in the market, with weekly updates and detailed production forecasts for over 50 regions in the Lower 48 and Canada. Genscape has been aggressive in forecasting increasing U.S. natural gas production from shale plays across the country, with record flows in the Marcellus and Utica Shale leading the way.  

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This Week’s Market Buzz

  • CD Corp., Winona, Minn., is seeking city permission to add up to 60 extra barges of frac sand per year at its shipping facility at the city’s commercial harbor, and also plans to eventually ask to be allowed to ship dry sand that doesn’t have 2.5 percent moisture, according to the Winona Daily News. CD Corp. owner Dan Nisbit said the company is hoping to create some leeway on monthly limits to keep up with demand during busier shipping months. The company can ship up to 48 barges a month, but on some months like March they weren’t able to ship any due to weather. That put them behind schedule, and with the limits they’ve been unable to catch up.

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This Week’s Market Buzz

  • Concern about truck traffic and the impact it would have on the cities of North Branch, Minn., and Taylors Falls, Minn., has led Superior Silica Sand to withdraw its proposal to build a trans-loading station for frac sand in North Branch’s ESSBY business park, according to the Post Review. North Branch City Administrator Bridgitte Konrad said the business sent the city a letter informing officials that it is no longer interested in the site. Superior Silica Sand had received complaints from residents in North Branch and Taylors Falls. Residents in both those cities were concerned the municipalities are not adequately equipped to handle 200-250 trucks per day filled with sand passing through them.

 

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This Week’s Market Buzz

  • Workers for U.S. Silica Co. recently began building a transloading and storage facility off East Loop 338 in south Odessa, Texas, capable of storing 20,000 tons of frac sand to service the surging oil and gas production of the Permian Basin, according to OA Online. Company officials expect to finish the roughly $12 million facility – permitted by city officials the first week of June – by the end of the year. The facility involves a rail loop and storage silos.

 

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This Week’s Market Buzz

  • According to the Allamakee County Standard, the Allamakee County, Iowa, Board of Supervisors held a public hearing regarding the regulation of frac sand mining and other industrial minerals. Allamakee County Zoning Administrator Tom Blake said the county received an application for the mining of silica sand almost two years ago, and though that application was eventually withdrawn, it did bring the issue to the attention of environmental advocates, the Board of Supervisors and the Planning and Zoning Commission.

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