Dallas-based Pioneer Natural Resources Co. has agreed with a subsidiary of Carmeuse Holding S.A. (Luxembourg) to acquire its U.S. industrial sands business, Carmeuse Industrial Sands (CIS), for $297 million, giving it a large supply of sand for hydraulic fracturing (fracking) activities.
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Encana: EPA Made ‘Critical Mistakes’ in Wyoming Water Tests
Water well testing procedures used by the Environmental Protection Agency (EPA) near natural gas drilling sites in Pavillion, WY, were flawed, leading to results that failed to account for naturally occurring chemicals, Encana Corp. officials claimed on Tuesday.
Cash Flat Again but Expected to Follow Screen Up
Cash price quotes again put on their stuck-in-cement actWednesday as flatness remained the common denominator among mostmarkets. But snowy conditions in the Rockies couldn’t keep mostof the region’s pipes from softening into the mid $1.90s.Denver-Julesburg Basin gas into CIG yielded about the only Rockiesquotes still above $2. A Denver-area trading firm reportedly closedits offices early Wednesday because of the snowstorm, as did manyColorado schools.