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Victory Nickel Completes Wash Plant Refurbishment

Victory Nickel Inc. announced that it has completed the previously announced refurbishment of its frac sand wash plant at the Seven Persons plant near Medicine Hat, Alberta, Canada.

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Preferred Proppants Sells Bloomer, Wis., Sand Plant

Preferred Proppants LLC announced certain subsidiaries of Preferred have sold its Bloomer, Wis., sand plant, access to frac sand reserves through lease agreements and royalty rights, as well as corresponding facilities and equipment to Frontier Sand LLC for cash and future consideration, subject to closing and post-closing adjustments.

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Preferred Sands Building New Plant in Texas

Preferred Sands is building a new frac sand facility in Monahans, Texas, a spot right in between the Delaware and Midland Basins, where well activity is present, according to NewsWest9. After two and a half years of surveying different Texas areas and the permitting phase, the $100 million facility is becoming a reality.

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Fairmont Santrol, Unimin Strike Merger Deal

Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.

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This Week’s Market Buzz

• U.S. West Texas Intermediate crude fell 3 cents at press time to $57.11 a barrel. Brent crude fell 23 cents to $63.04 a barrel. It settled down 2.1 percent on a wave of profit-taking after the North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.

Read more: This Week’s Market Buzz