Post Tagged with: "U.S. Silica"

Source: ussilica.com

U.S. Silica cuts 10% of workforce as frac sand demand wanes

Reuters


U.S. Silica Holdings Inc said on Friday it had cut about 230 jobs, or 10% of its workforce, as demand for its frac sand comes under pressure from oil and gas producers reducing drilling in the backdrop of volatile …

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

From Bloomberg

For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for drilling. It was hard not to. The industry has been booming in the oil fields of West Texas.…

April 3, 2019 - 4:26 pm Closing Bell Story‎, Energy News
Houston area frac sand company buys ceramics plant in Georgia

Houston area frac sand company buys ceramics plant in Georgia

From Houston Chronicle

Houston-area frac sand company U.S. Silica has closed on a $23 million deal to buy a Georgia plant that was used to make ceramics proppants for the hydraulic fracturing process.

U.S. Silica Holdings Inc. announced on Monday …

January 8, 2019 - 2:47 pm Closing Bell Story‎, Energy News
Price Increase from U.S. Silica Does Not Apply to Frac Sand

Price Increase from U.S. Silica Does Not Apply to Frac Sand

One of the large frac sand providers, U.S. Silica Holdings, Inc. (stock ticker: SLCA), said today that its Industrial and Specialty Products business for silica sand will increase 2019 prices for most of its non-contracted silica sand and …

U.S. Silica Not Shutting Plants: Oil & Gas Volumes Up 10%

U.S. Silica Not Shutting Plants: Oil & Gas Volumes Up 10%

In its Q3 conference call Sand giant U.S. Silica (ticker: SLCA) President and CEO Bryan Shinn made some interesting comments about Northern White pricing and capacity shut-ins by competitors.

Highlights from Q3:

Third quarter revenue of $423.2 million
GAAP and

October 25, 2018 - 4:16 pm Closing Bell Story‎, Oil and Gas 360 Articles
A Hot Commodity: New Equipment Doubles Frac Sand Production at Texas Sand Processing Facility

A Hot Commodity: New Equipment Doubles Frac Sand Production at Texas Sand Processing Facility

From KWTX

KOSSE, Texas (KWTX) U.S. Silica cut the ribbon Tuesday on an $8 million expansion project and its sand mine and processing facility in Kosse in Limestone County.

The sand mined and produced at the plant is primarily used …

U.S. Silica Announces Another Share Buyback

U.S. Silica Announces Another Share Buyback

U.S. Silica Provides Update On Capital Allocation Plan

May 14, 2018 - 9:00 am Closing Bell Story‎, Press Releases
Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Monster fracs, superlaterals are here to stay

Remember when that kid you didn’t like in middle school used to tell you to ‘go pound sand’? Somebody who later became a petroleum engineer has heeded that advice and began to work …