Frac Sand Weekly News Digest

Issue #239 | October 2, 2019

As the oilfield services sector continues to struggle along, several companies are taking decisive steps (exiting markets, restructuring, etc.). Many companies not taking such drastic actions are still heavily focused on improving operational efficiency and holding on to customers. We hope that these actions (along with some of the frac sand plant closings, sales, or idlings about which we have heard rumors) will help the frac sand industry survive this downturn and come out as a more efficient and financially healthy segment of the oilfield services market.  Prices have to bounce as there is no more room to go lower! Savvy companies with access to resources are also looking at what bargains can be had, so start thinking about what opportunities might be out there for you (acquisitions, sales, joint ventures, etc.). And let me know if you want to strategize about what may be available to you!

This Week's News

Future Growth Opportunities Push Solaris Oilfield To Reduce Capex

Solaris Oilfield Infrastructure provides supply chain management and logistics solutions to the energy industry, including mobile and permanent infrastructure that increases proppant throughput capacity. Given the current headwinds in...

Shale Boom Is Slowing Just When the World Needs Oil Most

The American shale boom is slowing as innovation plateaus—and just when shale’s importance in global markets has reached new highs following an attack on the heart of Saudi Arabia’s oil infrastructure...

The Top Ten Infill Thinking Updates Of 3Q19 In Sand & Water

During 3Q19, the Infill Thinking research team: published 90 written research updates, emailed 24 Infill Thoughts newsletters to active members, issued 15 data releases to Think Sheets® members, conducted site visits the Eagle Ford and...

Mount Tam and Banner Midstream Sign Merger Agreement

Mount Tam Biotechnologies Inc., announced that it has signed a Merger Agreement with Banner Midstream Corp. The Merger Agreement was signed on September 26, 2019. The merger is expected to close by the middle of Q4 2019...

The 5th Annual Frac Sand Industry Update Website is Live!

Registration and sponsorship is now open for the 5th Annual Frac Sand Industry Update. Join us on January 29, 2020 at The Petroleum Club of Houston to hear from, and network with, industry leaders. Learn more and register...

Frac Sand Pricing Sentiment Has Hit Rock Bottom

We had a conversation with a frac sand supplier this morning that went alot like many others we’ve had with contacts in the supply base recently…

Vulcan

U.S. Silica Holdings, Inc. Announces Completion of $10 Million Loan Repurchase

U.S. Silica Holdings, Inc. SLCA, -7.85%, a diversified industrial minerals company and the leading last mile logistics provider to the oil and gas industry, today announced that it has completed a voluntary loan...

Another Large Carrier Exits Sand And Water Hauling. Read The Letter…

Yesterday morning, a letter announcing the closure of of a huge pneumatic hauler crossed Infill Thinking’s research desk. Due to the gravity of the letter, we waited to publish it until we were able to confirm its authenticity…

Will There Be Another Truck Shortage?

Frac sand trucking capacity is declining. 2019 got off to a wobbly start to say the least, due to multiple concerns based primarily on the low WTI price. Several small companies left frac sand in the winter and spring, and as trucking gave concession...

The Mouat Company

Liberty Oilfield Services’ Director of Technology, provides his data-driven perspective on the impact of Brown Sand vs White Sand on oil production in the Permian Basin

Dr Mike Mayerhofer, Liberty’s Director of Technology, provides his data-driven perspective on the impact of Brown Sand vs White Sand on oil production in the Permian Basin...

Liberty’s Take On The In-Basin Sand Vs. NWS Debate

Here is the latest new oilfield market participant to weigh in on the debate on the future of in-basin sand...

OPEC output suffers biggest drop in 16 years on Saudi attacks

OPEC’s oil production tumbled the most in 16 years last month after an attack on Saudi Arabia’s energy facilities temporarily halved output in the world’s biggest crude exporter. Supplies from the cartel’s 14 members plunged by 1.59 million barrels...

CST_Frac Sand Banner

Fracking Ban, Embraced by Some Democratic Hopefuls, Could Hit Economy

Climate-change platforms of some Democratic presidential candidates propose a ban on fracking to extract fossil fuels, a move that is popular with their supporters but could have consequences for the U.S. economy. Candidates including...

Sponsorship is Now Open for the 9th Annual Frac Sand Supply & Logistics Conference

Reserve your booth space now for the 9th Annual Frac Sand Supply & Logistics Conference! Booth space will be picked in the order which people sign up for the various levels of sponsorship available. Join us at the Hyatt Regency Hill Country...

Is It Really Different This Time? The Future Of E&P Includes M&A And ESG

Each Friday in the last month of each quarter, we pass our keyboard to an Infill Thinking member to weigh in from their field. We don’t pay for these pieces and we don’t get paid for publishing them. In fact, we promptly reject anything...

California’s Foreign-Oil Problem

Following the attacks on Saudi Arabia’s oil facilities last month, many forecasters warned that gas prices would spike. Yet prices have hardly budged—except in California, where they are surging due to policies that have made...

Slurry wells: The answer for radioactive oilfield waste disposal?

A proposal to construct a pair of “slurry wells” in McKenzie County would offer a new option in North Dakota for disposing of oilfield waste...

Advertiser Space Available

After Pumping Neary a Half Billion Pounds of Sand, Pump Earns Retirement

I had a laugh yesterday with a client. After 480 million pounds of frac sand pumped down in the Permian, this pump was removed and returned to us. I asked him why it was sent back, and the response...

4.0-magnitude earthquake hits edge of Texas Panhandle

The U.S. Geological Survey reported the epicenter of the earthquake was about 85 miles southeast of Lubbock in a rural area of Scurry County. Officials with...

Lawsuit Filed to Protect Dunes Sagebrush Lizard in New Mexico, Texas

Conservation groups filed a lawsuit in federal district court today challenging the Trump administration’s continued failure to protect severely imperiled dunes sagebrush lizards under the Endangered Species Act...

No more UK fracking in 2019 as Cuadrilla runs out of time after record-breaking tremor

Cuadrilla has confirmed no more fracking will take place at its shale gas site in Lancashire before a planning deadline at the end of November. Hydraulic fracturing equipment will be taken off the site, the company said in a statement...

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