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Nick Cook, Editor
Issue #232 | August 14, 2019
We are only a few weeks away from the 8th Annual Frac Sand Supply & Logistics Conference! There is still time to register if you have not done so already. You do not want to miss this opportunity to network with industry leaders, visit with the sponsors/exhibitors, and check out the equipment at the outdoor equipment expo. With the current state of the industry, companies are ready to make deals.
Interesting news week. We have a wide variety of topics in the news articles, but you could read between the lines that we’ve hit bottom and companies are looking to the future. I am sure there are plenty of noteworthy deals being discussed right now (and will be at the frac sand conference!). Don’t forget to send us your news. Have a great rest of the week.
Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continueto tighten. Futures were little changed after...
Oil advanced as the world's biggest oil exporter opened its books to investors amid a deepening U.S.-China trade war that has imperiled global energy demand. Futures settled 0.8% higher in...
The oversupplied sand proppant has led to a drastic cost inflation. In fact, we believe we’ve reached bottom in the pricing trough, which has created unfavorable market conditions for many...
“While it won't happen immediately, we are seeing the beginnings of a process, which will lead to rationalization of supply. We have already seen supply being idled and shut down...
Hi-Crush announced plans Monday to halt production at its frac-sand operation in Whitehall, idling 35 to 40 workers at least through the end of the year. The company cites decreasing...
Hi-Crush announced plans Monday to halt production at its frac-sand operation in Whitehall, idling 35 to 40 workers at least through the end of the year. The company cites decreasing...
Hi-Crush Inc. posted net loss of $117.5 million or $1.16 cents per share in second-quarter 2019, against net income of nearly $67 million or 67 cents in the year-ago quarter...
17 photographs of physical operations appear in the new Hi-Crush slide deck released alongside their earnings report on Tuesday evening. 10 of these images depict… Login to see the full...
The picture for Hi-Crush, in its latest earnings release, was rather mixed, with poor pricing and an expectation of falling volumes impacting the firm. However, the big story appears to...
The unsecured creditors of silica sand proppant mining company Emerge Energy LP are asking the Delaware bankruptcy court to reject the terms of its proposed bankruptcy financing, saying the company’s...
In an exclusive series of updates over the past couple of weeks, we have been analyzing frac sand market conditions in the often overlooked Utah completions market where big changes...
One of our fleets set a new company record for amount of proppant pumped in a calendar month - 61,809.17 tons! Our Clean Fleets and conventional diesel fleets continue to...
Survival of the fittest is an accurate description of the current proppant market conditions. A laser-focused approach has been implemented to cover debt obligations. So, how did one supplier create...
Axiom Sandboss is a scalable and modular full proppant management system designed to simplify logistics and product delivery. It can be rapidly deployed and full setup can be completed in...
Irving oil company Pioneer Natural Resources is betting on its leases in the eastern end of Permian Basin. Pioneer filed for eight drilling permits over the past week to develop...
More Permian Basin wells are being hydraulically fractured and completed than ever before, and the work is being done with far fewer workers than just a year ago, according to...
The latest operator commentary on frac sand continues to underscore local sand adoption and cost savings – themes that have been consistent on E&P calls since early-last year.
Sanchez Energy, a Houston oil company that was once one to the most active drillers in the Eagle Ford Shale of South Texas, filed for Chapter 11 bankruptcy Sunday...
A malfunctioning pump at a Jackson County frac sand mine spewed about 400,000 gallons of mine waste into a tributary of the Trempealeau River over the weekend, the Department of...
For hydraulic fracturing design in unconventional reservoirs, the existing proppant transport models ignore the fluid leak-off effect from the fracture side wall and the effect of fracture roughness. In this...
A fossil fuel baron is now an executive at the largest regional newspaper network in the United States. On August 5, Gannett—the owner of USA Today and regional newspapers in...
How does an oil company turn into a video gaming firm? In 2016, Black Ridge Oil & Gas was struggling during the last oil bust and teetering on the verge...
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