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Atlas Energy Solutions Inc. entered into a definitive agreement with Hi Crush Inc. to acquire all of Hi-Crush’s Permian Basin proppant production assets and the company's North American logistics operations in a transaction valued at $450 million. Although Atlas focuses solely on the Permian, Hi-Crush sells proppant to multiple basins, including deals with drillers in
ProFrac Holding Corp. is an oilfield service company (OFS) providing well-stimulation services, proppants production, and other complementary products and services to oil and gas companies engaged in the exploration and production (E&P) of unconventional oil and natural gas resources throughout the United States. In other words, ProFrac is a fracker-for-hire. The company has its own
We can't resist a good railroad story. The American Shortline and Regional Railroad Association (ASLRRA) has just recognized the Reading & Northern (R&N) Railroad, based in Port Clinton, PA, with one of the industry's highest honors for marketing achievement. The ASLRRA recognized R&N for its development of a large Marcellus Shale transload facility in Tunkhannock
Oil billionaire Dan Wilks is going discount shopping. He's buying up companies in the oil and gas space that are struggling. One of them is CARBO Ceramics, a company that provides a ceramic alternative to sand for use as a proppant in hydraulic fracturing. Proppants, for those new to MDN, “prop open” the fractures created
We can’t resist a good railroad story. We’ve always loved them (we know, we’re weird). Here’s a good railroad story... Continue reading