Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #318 | April 7, 2021
Happy Easter!
Last week we had a great Frac Sand Industry Update. It was wonderful to get back together, in-person, with so many industry peers. The forecasts and news was generally very positive as well! While the days of rapid growth are behind us, it appears we might be in for a few years of steady, predictable revenue. I’m just kidding! This is the frac sand industry. Nothing is steady and predictable! Some interesting news in the Digest this week. We hope you enjoy it.
And now, the news…
This Week's News
Performance Proppants Getting Ready for Big Expansion
The expansion will push Performance Proppants to over 5 million tons of capacity in the Haynesville Shale.
Select Sands Provides Corporate Update
Select Sands provides the following update on its corporate activities for the first quarter of 2021.
Halliburton Takes the Prize for Proppants in Oilfield Products Customer Satisfaction Survey
EnergyPoint Research releases their survey results.
Halliburton: Simul-Frac Operations Double Efficiency Gains
Halliburton Global Frac Operations Manager Jason McIntyre recently spoke at the 6th Annual Frac Sand Industry Update, highlighting Halliburton’s industry-leading technologies for simultaneous fracturing (simul-frac).
New Simul-Frac Series: How, What, Where, Why, Why Now, & Who?
This week, Infill Thinking launched a new research series covering the implications of simulfrac adoption across the completions market.
US E&Ps to Focus on Completions and Finish Drilled Uncompleted Wells
Early guidance from US shale E&Ps indicates a slight increase in capital expenditure for 2021. For 27 of the public US shale E&Ps (non-Majors), planned capex guidance is near $29 billion compared to $26 billion in 2020, a 9% increase.
Oilfield Services Companies Add 23,000 Jobs in March
Oilfield services companies added 23,000 jobs in March as drilling activity recovers from the pandemic-driven oil bust.
Pioneer Natural Resources to Acquire DoublePoint Energy in $6.4 Billion Deal
Pioneer Natural Resources plans to acquire DoublePoint Energy in a cash-and-stock deal worth $6.4 billion including debt.
Oil Rebounds Amid Broad Commodities Rally
West Texas Intermediate rose 2.3%, with most other commodities also climbing.
U.S. Shale 2021: Show me the Money
2020 has probably been an annus horribilis for shale oil since the industry first emerged in early 2008. Compared to the previous oil bust in 2015, the main difference in addition to negative WTI prices has been the lack of new capital supporting the sector.
Minnesota Pollution Control Agency Fines Jordan Sands for Wastewater Violations
Sand-mining operator Jordan Sands has paid a $20,000 civil penalty to the Minnesota Pollution Control Agency for wastewater violations.
Oswego, IL Looks at Quiet Zone Downtown to Stop (Frac Sand) Train Horn Noise
Oswego trustees are looking at establishing a quiet zone around the train tracks along Washington Street through the downtown.
North Dakota’s Major Urban Roads in Poor Condition
A report finds that nearly half of North Dakota’s major locally and state-maintained urban roads are in poor condition, one in 10 locally and state-maintained bridges (20 ft. or more in length) are rated poor/structurally deficient, and 564 people lost their lives on the state’s roads from 2015-2019. Some of North Dakota’s major urban roads are congested, causing delays and choking commuting and commerce.
Sierra Frac Sand Participates in Bossier Parish’s “Operation Clean Sweep”
Bossier Sheriff Julian Whittington and the Bossier Sheriff’s Office are partnering with Keep Bossier Beautiful to perform a clean sweep of Bossier Parish.
U.S. Silica Announces Price Increases on Industrial and Specialty Products
The price increases, effective for shipments starting on May 1, 2021, will range up to 15 percent depending on the product and grade.
North Dakota’s Gold Rush: A Memoir About the Fracking Boom
A new book chronicles the stories of sometimes broken, often desperate men who ventured to the northern plains in service of an industry that exemplifies late-stage capitalism.
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