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Stock Market & Financial Investment News

News Breaks
February 10, 2014
07:31 EDTSLCAU.S. Silica upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded U.S. Silica Holdings citing the recent pullback in shares and expectations for solid volume growth through 2015. The firm keeps a $33-$35 price target range for the stock.
News For SLCA From The Last 14 Days
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October 7, 2015
13:49 EDTSLCAU.S. Silica delivers 150-car unit train
U.S. Silica Holdings announced the delivery of a record-breaking 150-car unit train carrying over 16,500 tons of U.S. Silica White frac sand from Ottawa, IL to a transload facility serving the Permian Basin. The sand was delivered on the BNSF Railroad. This unit train of sand is the longest ever delivered to a single destination on a Class-1 railroad. Although the U.S. land rig count has declined during 2015 as a result of lower oil prices, large volumes of sand continue to be required as current completion designs for wells demand increased volumes of sand per stage and more stages per well. It is estimated that sand usage per well has increased by 26% from the third quarter of 2014 to the second quarter of 2015, according to a recent report from PacWest Consulting Partners and that trend appears to be continuing. As hydraulic fracturing techniques have evolved and more proppant is required per well, we continue to utilize our unique combination of speed, scale and strength to meet customers' needs through our high velocity logistics network.

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