Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #216 | April 24, 2019

This Week's News

Select Sands Posts Improved Year-Over-Year 2018 Despite Q4/18 Downturn

The company's full-year results were improved over those of 2017. Overall, Select Sands reported a 2018 net loss of $0.5 million, or $0.01 per share, compared to a net loss...

Emerge Energy Services LP Enters Into Restructuring Support Agreement

Emerge Energy Services LP today announced that it has entered into a restructuring support agreement with its operating subsidiary Superior Silica Sands LLC and the Partnership's other subsidiaries (together with...

What’s Next For Emerge?

Today’s news was widely expected. It’s what comes next that’s less clear...

Dave Frattaroli, High Roller Sand, Interviewed On Oil & Gas Contractor’s Connect Podcast

This week, we interviewed Dave Frattaroli, Executive Vice President of Business Development at High Roller Sand, LLC. Dave talks to us about the name of his company (why does it...

A BIG Change In The Rate Of Change For Union Pacific’s Frac Sand Business (Chart Of The Day)

Here’s what completions supply chain folks need to know about Union Pacific’s market commentary Thursday morning…

Everything Has Changed, Part 4 - The Frac Sand Revolution

Nowadays, the hydraulic fracturing of a typical Permian well with a 10,000-foot lateral requires about 12,500 tons of frac sand — enough sand to fill more than 500 large sand...

Rebounding Haynesville Shale Breaks 2011 Production Record

The Haynesville shale in East Texas and Louisiana hasn't boomed for nearly a decade, but a recent resurgence in activity has pushed the gassy shale play's output to a record...

Chevron And Exxon Say They Can Turn Around The Failed Finances Of Fracking Industry

After a decade of the American fracking industry burning through hundreds of billions of dollars more than it earned, this industry previously dominated by shale drilling specialists is entering a...

Calfrac Gets A Short-Term Breather (Thanks To Lower Proppant Costs); But The Long Term Woes Are Not Over

Calfrac Well Services provides hydraulic fracturing, coiled tubing, cementing and other well stimulation services to energy customers in Canada, the United States, Russia and Argentina. I think investing in the...

The Undeniable Signs Of A Shale Slowdown

The world’s largest oilfield services company said its earnings were hit in the first quarter because of a slowdown in shale drilling activity. “First-quarter revenue of $7.9 billion declined 4%...

Oil Climbs Toward $75 In London After Trump Tightens Screws On Iran

Oil rose toward $75 in London after the U.S. announced a tougher crackdown on Iran, seeking to choke off the OPEC member’s crude exports. Brent futures advanced 0.8 percent to...

Lower Hydraulic Fracturing Prices Continue To Sting Halliburton In First Quarter

Lower prices for hydraulic fracturing services in North America continue to sting Houston-based Halliburton, the second largest oilfield service company in the world. Halliburton posted a $152 million profit and...

Schlumberger's Profit Falls On Shale Drilling, Fracking Slowdown

Schlumberger, the world's leading energy services company, said Thursday that its first quarter profit fell 20 percent from a year ago as a slowdown in North American shale plays crimped...

Schlumberger’s Outlook For The US Completions Supply Chain (5 Things To Know In A 5-Minute Read)

In a five-minute read, here’s what completions supply chain pros need to know about Schlumberger’s market commentary Thursday morning…

What Halliburton, Schlumberger Earnings Signal As US Iran Sanctions Waivers End

Crude oil futures traded up about 2% Monday morning following a Washington Post report that U.S. Secretary of State Mike Pompeo will announce today that as of May 2, the...

Halliburton On RE-bundling, Sand Subsidizing Stages, & The Frac Pricing Bottom (5 Key Takeaways From Their Call)

On Monday, Halliburton was the second oilfield service company to host a conference call so far during the early days of 1Q19 earnings season. Here’s what you need to know...

Involved With Oilfield Water?

Subscribers who are also involved with oilfield water issues should consider signing up for Oilfield Water Weekly, a free newsletter which brings together all the relevant news related to produced water (similar to what this newsletter does for the frac sand industry).

Petroleum Connection Spring Networking Frac Sand Party Is A Hit

On the afternoon of 4/15/19, we gathered at St. Arnold’ Brewing for a Frac Sand networking party, sponsored by The Petroleum Connection. We had a great time discussing business...

Wisconsin Supreme Court Throws Out Annexation For Trempealeau County Sand Mine On Technicality

The Wisconsin Supreme Court ruled Wednesday that a western Wisconsin city improperly annexed land for a proposed sand mine but sidestepped larger questions about the legality of such “balloon on...

Western Wisconsin Residents Suing A Pair Of Hi-Crush Facilities

40 Wisconsinites are suing a frac sand mining company in our area. The Trempealeau County residents claim Hi-Crush's Whitehall facility and Blair mine are impacting their property rights, land value...

Cuadrilla “Ready To Frack” At Second Well In Lancashire As Pressure On Embattled Industry Builds

Shale gas company Cuadrilla is reportedly ready to commence fracking at a second well at its Preston New Road site in Lancashire, despite recently saying safety regulations had “severely constrained”...

Why The Argentinian Shale Boom Isn’t Taking Off

The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested it could yield oil and...

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