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Nick 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!!
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...
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...
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...
The company's stock price has dropped since the end of 2018...
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...
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!
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 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...
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 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 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
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...
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...
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...
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...
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 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...
The deal will boost the Oklahoma-based company's Delaware Basin footprint...
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...
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...
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...
Functional wash plant available in the upper Midwest. Very competitively priced at only $410,000. This will sell quickly. Contact...
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...
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 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...
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’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...
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...
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