U.S. Silica Holdings Inc. said on Aug. 7 that Brad Casper, who serves as president of the Katy, Texas-based company, will resign “to pursue other opportunities.”
Casper joined U.S. Silica as vice president of strategic planning in 2011. He served as executive vice president and chief commercial officer from 2015 until his promotion to president in January 2020.
In a statement commenting on Casper’s resignation, which takes effect Aug. 31, CEO Bryan Shinn said: “Brad joined us nine years ago and has been an integral part of growing U.S. Silica into the diversified industrial minerals company that we are today. We appreciate Brad’s numerous contributions to our success and wish him the best in his future endeavors.”
On July 31, U.S. Silica, which produces commercial silica used in a wide range of industrial applications and in the oil and gas industry, reported a net loss of $32.4 million, or $0.44 per basic and diluted share for the second quarter. The company said its second-quarter results were negatively impacted by $33.4 million of charges related to asset impairments, plant startup and expansion, facility closure costs and other adjustments.
Recommended Reading
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
2024-05-03 - Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.
Marketed: Navigation Powder River Eight Leasehold Lots in Wyoming
2024-04-09 - Navigation Powder River has retained EnergyNet for the sale of eight non-producing federal leasehold lots in Converse and Campbell counties, Wyoming.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
2024-03-19 - Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
2024-04-22 - Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?