Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #226 | July 3, 2019

We have a full newsletter this week. Plenty of information on general oilfield trends, frac sand trends, and specifics on frac sand companies. Don’t overlook our announcements regarding the return of the Frac Sand Equipment Expo and our Pre-Conference Networking Reception next week!

Have a great rest of the week and I look forward to seeing many of you in Houston on the 9th!

This Week's News

Is The Frac Sand Worth It? Absolutely.

Over the past few months multiple individuals have written to this newspaper opposing the Southern Red Sands, LLC, frac sand mining proposal. This editorial is in response to two editorials...

The Frac Sand Equipment Expo Returns To The Frac Sand Supply & Logistics Conference

The Petroleum Connection is pleased to announce we will again be having a Frac Sand Equipment Expo during the largest frac sand event of the year! The Equipment Expo will be an outdoor extension of the Exhibit Hall, so it will be open the same hours of the Exhibit Hall (September 5 & 6). In addition, we will be holding a Pre-Conference Networking Reception in the Equipment Expo area on the evening of September 4, open to anyone registered for the conference. And after the conference closes, we’ll have an informal networking reception in the Expo space to give attendees one final chance to visit the equipment and network with other attendees. Those interested in exhibiting large equipment at the Expo should contact Pete Cook (pcook@petroleumconnection.com) to reserve their space. We have a limited amount of outdoor exhibit space, so do not wait too long!

Lingering Proppant Oversupply Entails Continued Soft Pricing, While Suppliers Strive To Survive

Due to a lingering state of oversupply throughout the first half of 2019, proppant and sand suppliers have had to adapt to a "survival of the fittest" financial and operational...

Smart Sand: Why The Permian Basin Doesn't Matter

Smart Sand is a misunderstood company in a depressed sector. This relatively new proppant technology in the oil industry's second life has recently been plagued by over-expansion and massive debt...

Smart Sand Extends Contract with EQT

Item 1.01 Entry into a Material Definitive Agreement. As previously reported in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 15, 2016...

The Mouat Company

Eagle Materials: No Added Value From The Spin-Off

The market loves a good, old-fashioned spin-off story. Bowing to activist pressure, Eagle Materials is next in a long line of companies that are going to eschew diversification in the...

Lower 48 Sighting: A Brand New Wellsite Storage Solution Is Being Deployed

After learning about a new system’s arrival in the US from industry sources, we caught up with the management team behind the deployment. We have learned the following information about...

The Top Ten Infill Thinking Updates Of 2Q19 In Sand & Water

During 2Q19, the Infill Thinking research team: published 106 written research updates, emailed 24 Infill Thoughts newsletters to active members, issued 15 data releases to Think Sheets® members, co-hosted the...

Distribution Of Drive Times From Permian Frac Sand Mines

Even though some Apache and Exxonmobil wells have shorter weighted average drive times than Diamondback wells, Diamondback has an overall shorter weighted average drive time (the average of all weighted...

Tarmac International

The Frac Sand Industry In Wisconsin Continues To Struggle, Several Mines Idle

With competition in Texas and Oklahoma growing and taking more business, the frac sand industry in Wisconsin is struggling, and, Kent Syverson, says he believes the state’s frac sand boom...

Picking Up Bargains

Those in frac sand for the long haul have a unique opportunity right now. Provided they see the sand oversupply abating in the next year or so, there are some...

12 Questions For The Software Guru Behind CIG’s Proplogistics Platform

We take you deep inside the 1s and 0s of another frac sand last mile software platform as our Silica Valley series rolls on...

Despite Trade Tensions, Texas Business Hummed In June

Texas’ service sector picked up speed in June, but companies continued to worry about tariffs and trade tensions, according to the Federal Reserve Bank of Dallas. In the bank’s monthly...

Halliburton, Other Drillers Fighting For New Life In A World Of Cheap Oil

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30 a barrel...

Saudis Dig In For Shale Fight After OPEC+ Cuts Extended

Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale...

How The Permian Basin Became North America's Hottest Oilfield | WSJ (Youtube)

The U.S. has more than doubled its crude oil output over the last decade. Much of the growth is due to the Permian Basin of West Texas and New Mexico....

CST Launches A New 360-degree Virtual Reality Camera Assisted Inspection Service

CST Industries, the world’s largest and leading bolted tank and aluminum dome manufacturer, has launched a new 360-degree view Virtual Reality Camera Assisted Inspection (CASSI) Service for dry bulk material...

Are There Really 4,000 DUC’s In The Permian? There Might Be Less Than You Think.

To many analysts and investors who monitor energy sector, drilled-but-uncompleted well counts are an important metric along with CAPEX plans, acreage grades, and regional risk factors that might affect the...

CST_Frac Sand Banner

The First 2020 E&P Spending Signal Is A Bummer For The Oilfield Service Sector

An important E&P capex update this week reads negative for anyone hoping for an oilfield spending increase in 2020. Here’s the relevant excerpt followed by our analysis...

US DOE To Fund 12 R&D Projects To Boost Unconventional Characterization, Recovery, Including $3.5MM For “Smart Microchip Proppant Technology Research”

The US Department of Energy said it will direct $44.5 million in federal funding to 12 unconventional research and development projects intended to improve characterization and develop technologies that will...

Interview with YPF CEO and Pieter Jan de Nul - Presidente Of Arenas Argentina Del Parana On The Vaca Muerta (Argentina) Opportunity And Frac Sand (In Spanish)

Program conducted by Pancho Ibáñez that deals with the theme of Vaca Muerta from an understandable point of view for all viewers. Sunday 20 hs. by Canal LN + Repeticiones:...

Minnesota’s Miners Played An Often-Forgotten Role In D-Day History

Isaac Orr, Policy Fellow at Center of the American Experiment, released the following statement in commemoration of the 75th anniversary of D-Day: “Today we remember the heroism of more than...

ParkSystems Webinar: Smart Proppants And Oilfield Productivity

Smart Proppants and Oilfield Productivity In well completion and production, proppants are classified mostly as commodity materials. However, smart proppants deserve another look. This installment of the webinar series will...

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