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Alberta Legislation Would Redefine Minerals and Pits

The Alberta, Canada, government has proposed legislation that would redefine “minerals” and “pits,” allowing about 500 sand projects to proceed without having to submit environmental impact assessments, according to the Edmonton Journal.

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Hi-Crush Files Chapter 11

Hi-Crush has filed for Chapter 11 bankruptcy protection. The company reported a net loss for the first quarter of 2020 of $146.9 million, including $145.7 million of non-cash asset impairments associated with the write-down of certain production and terminal facilities. This resulted in basic and diluted loss of $1.46 per share, compared to net loss of $21.4 million and basic and diluted loss of $0.21 per share, including $11.1 million of non-cash asset impairments, for the fourth quarter of 2019.

Read more: Hi-Crush Files Chapter 11

Source Reports First-Quarter Results

Source Energy Services Ltd. reported that for the three months ended March 31, the impacts of COVID-19 on the industry lead to the company recognizing a net loss of $185.3 million or $(3.08) per share, including non-cash pre-tax charges for impairment and deferred tax asset write-down of $180.0 million.

Read more: Source Reports First-Quarter Results

MSHA Warns About Fall-From-Height Accidents

The Mine Safety and Health Administration (MSHA) reported that 28 miners have died after falling from heights over the last 10 years. Deaths from falls have increased from 8% to 19% of mining fatalities in the last two years. This is due to:

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Source Extends Contract with Shell in Canada

Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited. Under the revised agreement, Source will continue to provide Northern White frac sand to Shell for its Duvernay wells.

Read more: Source Extends Contract with Shell in Canada