Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #250 | December 18, 2019

The shale and frac sand industries continue to work through a correction. It is difficult to struggle through the uncertainty and to see our friends and colleagues do the same (especially during the Christmas season). That said, it’s a normal cycle and those who win through will be healthier as a result. There is a lot to read in today’s newsletter. Due to the time of year, there is a lot of looking back over 2019 and looking toward 2020. With that in mind, please don’t forget to sign up for the 5th Annual Frac Sand Industry Update. This event will provide a unique opportunity to network with other industry leaders. With all the industry changes going on, there may be some new opportunities out there for you! We hope to see you there!

And as you have your end-of-year parties, please feel free to send us a note recognizing your Employee of the Year, Vendor of the Year, and other awards. We’d be happy to put them all in a blog posting and share it with our subscribers!!

This Week's News

Deer Season Parallels In The Frac Sand Industry

Cody Wickersheim writes: When Joseph Triepke asked me to write an article for Infill Thinking, I think it was intended to be a commentary on the impact each of us has felt over the past year and a half. We are losing...

Frack Sand Providers Struggling to Stay Afloat: This is Why

According to the EIA, volume from U.S. oil fields has risen more than 50% since mid-2016 to 12.9 million barrels per day. This backdrop should bode well for the providers of technical products and services to drillers of...

Available Frac Sand Assets to be on Display at the 5th Annual Frac Sand Industry Update

The Petroleum Connection is excited to announce that we have added a poster display component to the 5thAnnual Frac Sand Industry Update. The posters will showcase frac sand assets which are...

Exchange warns Houston frack sand co. of delisting

The company's stock price has dropped since the end of 2018...

Smart Sand, Inc. Announces Long-Term Debt Refinancing Under Combination Equipment Financing and Credit Facility

Smart Sand, Inc. announced today that it has refinanced its existing Credit Facility into a combination 5-year equipment financing and a 5-year senior secured asset-based lending credit facility...

ShaleApps signs on as the Lanyard Sponsor for both 2020 frac sand events!

The Petroleum Connection is pleased to announce that ShaleApps, a leading provider of mobile apps in the oilfield, will be the Lanyard Sponsor for both the 5th Annual Frac Sand Industry Update and the 9th Annual Frac Sand Supply & Logistics Conference. ShaleApps was the lanyard sponsor for both of The Petroleum Connection’s 2019 events as well, and we are very pleased to welcome them back!

Tarmac International

Catching Up: Meteor Timber seeks to present new evidence in battle for wetland permit

The Georgia company suing the Wisconsin Department of Natural Resources over permits for a proposed Monroe County frac sand operation is asking for reconsideration based on newly discovered evidence...

Emerge Energy Creditors Say Ch. 11 Plan Undervalues Co.

Emerge Energy Services LP's unsecured creditors told a Delaware bankruptcy court that the fracking sand miner's proposed chapter 11 plan undervalues the company by $190 million and will leave them with almost no recoveries...

10 Frac Supply Chain Executives On The Move

Individuals are often overlooked in this asset-intensive sector, but talent shifts can have big implications for value creation, oilfield trends, sales and competitive dynamics. They also have implications for people conducting business all across the frac value chain...

Oil holds near $60 as easing U.S.-China tension aids outlook

Oil held near $60 a barrel on optimism the partial U.S.-China trade pact will bolster demand, while analysts estimated a pullback in American crude stockpiles. Futures in New York were steady after rising...

In Other News… Appalachia Hibernation, Buy Orange Pumps!, Frac Shutdown, Death By 1,000 Cuts For Irrational Projections?, Mine Hit Piece, & More…

In addition to the in-depth updates published over the past week, these 11 “quick hit” datapoints also crossed our desk and are worthy of a mention

Oil Prices Below Today’s Were Good Enough Last Upcycle

As 2019 winds down, the E&P downcycle dominants discussion in the US onshore oilfield. Rig count is down 27% YTD. More tellingly, rig count fell in 43 out of the 50 weeks in the books so far in 2019. Why...

HCR

U.S. Shale Drillers Are Booming. A Tidal Wave of Debt Could Threaten the Sector.

The easy-money policies of the major central banks, most notably the Federal Reserve, explain much of the rise in asset values in the past decade. That takes in not only the major stock market indexes, but also the valuations...

Rystad: 2019 ends on a low note, offering a gloomy start to 2020

The global oilfield service market saw year-over-year revenue decline 3% in the third quarter this year, the first quarter to post negative growth since 2Q 2017. Moving into the fourth quarter, service companies...

Report: Overhauling oilfield service business models a priority in 2020

The struggling oilfield service sector can earn $20 billion more in annual revenue, if companies change their business models make five changes to adapt to the new $50 per barrel market reality, a new report from Deloitte says...

Drilling Down: Top 10 most productive oil wells in Texas

Not all oil wells are created equal. Some are blessed with better geology, while others have better teams of engineers, drilling rig operators and hydraulic fracturing crews using the latest technology and techniques to boost their productivity...

The Petroleum Connection Adjusts the Dates for the 9th Annual Frac Sand Supply & Logistics Conference

The dates for the 9th Annual Frac Sand Supply & Logistics Conference have been moved up one week and the event will now be held September 16-18, 2020. The venue and general event format remain the same...

Advertiser Space Available

WPX Energy inks a $2.5 billion deal to buy Felix Energy

The deal will boost the Oklahoma-based company's Delaware Basin footprint...

Weatherford emerges from bankruptcy with $10 billion of support

Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support. In a Friday morning statement...

Superior Energy Services latest casualty of 'fracking' market downturn

Oilfield service company Superior Energy Services Inc. on Monday said it will shutter its hydraulic fracturing unit, the second supplier this month to exit a business hammered by slower shale activity...

Basic Energy Services exits hyrdaulic fracturing business

Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump. In a Thursday morning statement, the company reported that it is selling almost...

McLanahan Wash Plant Available for Purchase

Functional wash plant available in the upper Midwest. Very competitively priced at only $410,000. This will sell quickly. Contact...

CST_Frac Sand Banner

250 TPH Wash Plant Available in the Upper Midwest

A 250 TPH wash plant located in the upper Midwest is available for purchase. With less than 500,000 tons fed to the plant, it is in very good condition and the asking price is only $4M USD...

Carbo Issues White Paper on Proppant Technology Capabilities in a Variety of Oil & Gas Application

Proppant has evolved to the point that the name itself is an imperfect description of the technology's ever-increasing breadth of capabilities. indeed, while propping open fractures to enhance hydrocarbon flow remains...

Chippewa County Board mulling half-percent sales tax for road projects

Chippewa County is mulling the idea of adding a half-percent sales tax to help pay for Highway Department operations. County Administrator Randy Scholz suggested the idea to the County Board on Tuesday...

Arsenic levels at sand mine 7 times higher than state cleanup standards

A state review of a potential frac sand mine reclamation project in Chippewa County has found high concentrations of arsenic and other heavy metals at the site and left the Wisconsin Department of Natural...

Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale

Argentina’s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country’s economic revival. Argentina has some of the largest...

It’s Good for a Frac Sand Company to Diversify a Bit, But…North American Frac Sand Enters the $16 Billion Medical Tourism Industry by Acquiring HTT & CTT

North America Frac Sand Inc. is excited to announce it has acquired HTT & CTT also known as Voycare, a medical tourism company based in California with combined revenues close to $10 million the previous 2 years...

Frac Sand Weekly News Digest logo

Get relevant announcements and news from major outlets, industry leaders, and local media so you always know what’s happening and changing in the frac sand industry.

Subscribe to get our carefully curated summary of relevant frac sand related news and analysis delivered to your inbox each Wednesday morning.

We keep your data private and share your data only with third parties that make this service possible.

Share Your News

Send us your press releases and any other news articles which you believe would be of interest to our readers. Email submissions to fsdigest@petroleumconnection.com

Advertising

Do you offer goods or services focused on the frac sand supply chain? Advertise in the Frac Sand Weekly News Digest.