Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #297 | November 11, 2020

We are less than a week away from the largest frac sand event of the year!  Actually, it is probably the ONLY in-person frac sand event since the first quarter!  We’re really looking forward to seeing everyone.  We still have space available, so please encourage your contacts to take a look and register – CLICK HERE!
 
It is going to be a great conference.  See you in San Antonio!

This Week's News

Aussie doctors find potential world-first cure for Silicosis

Australian doctors have found a cure for a deadly dust disease dubbed the 'new asbestos' that's threatening the lives of thousands of tradesman. Six silicosis sufferers have been undergoing trials...

Sand Customer Talk Supply Chain – From Damp Sand To AI To Bundling, Proppant Type, Volume/Well & More…

Given all the turmoil in E&P this year, frac sand has been deemphasized in the customer conversation with investors on conference calls for the past couple of quarters. That said, we were able to pick out…

U.S. Silica Sand Sales Up 15%

U.S. Silica Holdings Inc. announced third quarter 2020 results, including revenue of $176.5 million compared with $172.5 million in the second quarter of 2020, up 2% sequentially and down 51% from the third quarter of 2019...

Golf Anyone?

The Petroleum Connection is pleased to open up to anyone in the industry the option to participate in our informal Golf Outing, being held at the close of the 9th Annual Frac Sand Supply & Logistics Conference. The conference will adjourn at noon on Wednesday, November 18. The Golf Outing will have a shotgun start at 2pm that same afternoon...

PropX

Smart Sand Q3 Earnings Boosted By Large One-Time, Non-Cash Gain

Shares of ailing frac sand supplier rally after Q3 results were boosted by a massive, acquisition-related one-time gain...

Compare And Contrast – Sales Trends For The Bankrupt Proppant Providers

Who is taking market share during bankruptcy? Here are some clues…

Source Energy Services Sees Increase in Sand Volumes

Source Energy Services reported results for the third quarter of 2020 that reflect a rebound in activity levels in the WCSB, favorably impacting sand sales volumes which increased by 11% compared to the third...

Utah’s Uinta Basin Railway Project Progresses

The state of Utah’s Seven County Infrastructure Coalition is seeking STB authority to construct and operate the Uinta Basin Railway...

Rig count continues its steady climb

The U.S. rig count continued its steady climb this week, notching eight straight weeks of gains in another sign of the industry's growing stability...

Oil rises above $40 with vaccine buoying demand recovery hope

Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand...

Frac Customer Update Roundup – Fleets, Stages, OFS Pricing, Rigs, DUCs & More…

This week we scanned 100+ new US E&P conference calls and IR decks for updates on frac crew counts, DUCs and completions trends...

Oil-field services sector adds 6,430 jobs in October

The oil-field service sector added 6,430 jobs in October, the second straight month of gains, in a sign that drilling and production activity is returning to the oil patch...

Jobs slowly return to oil-field services

The number of workers at U.S. oil-field services companies inched up during October in another sign that the industry is stabilizing during the ongoing downturn...

Advertiser Space Available

Drilling Trends North Of The Border – Our Quarterly Glance At The Canadian Rig Market

As bad as things have been in the US drilling market this year, Canada has been even more of a slog...

Oil and gas industry praises GOP’s hold on Railroad Commission

Texas’ oil and gas industry hailed Republican James Wright’s election to the Texas Railroad Commission while environmental groups lamented Democrat Chrysta Castañeda’s loss...

BLM planning to sell more New Mexico land to oil and gas in 2021 despite concerns

Publicly owned land in southeast New Mexico and West Texas was to be auctioned off to the oil and gas industry by the federal Bureau of Land Management...

AAR: Intermodal’s Upward Trend Continues

In October, carloads of grain “were their highest in 13 years, while carloads of motor vehicles and parts have recovered after falling close to 90% earlier this year,” Gray continued. “Changes in energy markets continue...

AAR: U.S. rail intermodal had 'best month ever' in October

U.S. railroads logged a 2% increase in combined carload and intermodal traffic during October compared with the same month a year ago, according to Association of American Railroads data...

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