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08.01.2015 17:25:00
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Moody's: Proppant companies' earnings at risk from drop in oil prices
New York, January 08, 2015 -- Proppant companies' earnings are at risk following the severe decline in oil prices since mid-2014, Moody's Investors Service says in a new report. These companies, which supply the sand used in hydraulic fracturing for oil and gas, generate a substantial portion of their revenue, and in some cases all of their revenue, from oil and gas end markets.
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