Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #228 | July 17, 2019
For those of you unable to attend, please feel free to view the latest edition of the Frac Sand Webinar Series. We put together a webinar to help attendees and sponsors get the most out of the Frac Sand Supply & Logistics Conference. Really, the vast majority of the advice would apply to any conference. You can watch the webinar recording here.
We have several interesting articles this week, so please take your time working through the newsletter. Have a great rest of the week!
This Week's News
Emerge Energy Hits Ch. 11 In Del. With $339M In Debt
Emerge Energy Services LP, which mines and distributes silica sand proppant for the oil and gas fracturing industry, filed late Monday for chapter 11 protection.
2nd Frac Sand Bankruptcy In Less Than A Week As Restructuring Trend Gains Steam…
Shale Support filed Chapter 11 last Thursday. In our coverage at the time, we noted they would not be alone in the bankruptcy camp for very long. We admittedly didn’t...
Bankruptcy In Frac Sand
Restructuring continues in the frac sand industry, claiming another sand producer this week. Per the bankruptcy filing, the company owes total debts of…
Shale Support Files for Bankruptcy
Last week Shale Support, a frac sand producer and shipper headquartered in Louisiana, filed for Chapter 11 bankruptcy. The company is not able to deal with $128 million in debt...
Sachem Head Capital Says A Split-Up Eagle Will Fly
Gamco Investors disclosed on July 10 a stake in the valve and flow-control products engineering firm of 2,960,972 shares, a nearly 14.9% interest in Circor’s outstanding stock.
Menards Seeks Permit for Sand Mine Already Operating in Eau Claire County
Menards is seeking permits for a sand mine it already operates at its rural Eau Claire headquarters for use in the retail company’s cement products.
How Frac Sand Impacts Shale Play USA
Interview: Rex Tucker, Owner, Compliance Cavalry talks about frac sand and how it is involved in the fracking process.
Callon Petroleum Acquires Carrizo Oil in $1.21B Merger of Houston Firms
Callon Petroleum said Monday it will acquire Carrizo Oil & Gas at a price tag of more than $1.2 billion in a combination of two Houston oil producers.
Surge Energy America Announces Successful Completion of Longest Known Lateral in Permian Basin of 3.4 Miles
Surge Energy US Holdings Company today announced that its wholly owned subsidiary, Moss Creek Resources Holdings, Inc., has successfully completed the longest known lateral in the Permian Basin.
Union Pacific: Expect More Cost Take-Outs In Q2
Union Pacific reports quarterly earnings July 18. Analysts expect revenue of $5.7 billion and EPS of $2.18. The revenue estimate implies flat growth Y/Y. Investors should focus on the following...
Underused Tax Incentive Could Benefit Material Handling Companies
While innovation in the material handling sector will itself create growth, a powerful tax incentive can help companies become more agile by putting money back into the hands of the...
BLM Moving to Colorado
The Trump administration is planning to move the Bureau of Land Management, the federal agency overseeing oil and gas drilling on federal lands, to Grand Junction, Colo., the Washington Post...
Permian Oil Companies Donate $16.5M for New Midland-Odessa Charter Schools
The new Permian Strategic Partnership of 20 energy companies said it will donate $16.5 million to support the opening of 14 new charter schools in the Midland-Odessa area.
Growth in Argentina’s Vaca Muerta Shale and Tight Gas Production Leads to LNG Exports
Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play....
President Energy Encouraged by Well Fracturing Results in Argentina
President Energy said fracturing activities at a well in Argentina had so far generated results at the high end of initial expectations.
Cuadrilla in Race to Frack Second Well to Beat November Deadline
Cuadrilla is in a race to frack their second well in order to beat the November deadline
Novatek Confirms Achimov Gas Prospect
Russia’s largest private natural gas producer Novatek said that Arcticgas, a joint venture between Novatek and Gazprom Neft, completed a horizontal well number ‘U2802’ targeting the lower Achimov formation at...
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