A western Wisconsin county that has issued more frack sand mining permits than any other county in the state and in neighboring Minnesota decides to impose a moratorium of up to a year on new projects while it addresses health and environmental concerns.
While several counties and communities on both sides of the Mississippi River have imposed moratoriums on frack sand mining, few communities have embraced the mining with the pro-business fervor seen in Trempealeau county.
Among companies involved in frack sand mining in the area: EOG, SLCA, HCLP, EMES.
Hi-Crush Partners' (HCLP) target price is raised to $23 from $20 at RBC Capital, which says HCLP is regaining investor confidence following a key customer loss in 2012 which looks more like a one-off event. HCLP's acquisition of frac-sand distributor D&I Silica for $125M provides a path for new customer relationships and to meaningful distribution growth, the firm says.