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Nick Cook, Editor
Issue #242 | October 23, 2019
Remember the phrase “No news is good news”? That adage applies to the oilfield services (and frac sand) sector these days. And, unfortunately, there is plenty of news! Actually, not all of the news is bad. And it is all pretty useful, so enjoy your read and don’t forget to send us some press releases and other news for the newsletter!
In addition to the in-depth updates Infill Thinking published this week, we hunted down a variety of miscellaneous datapoints from around the sandpatch that are deserving of a quick mention…
Fluor, an engineering, procurement and construction company headquartered in Irving, recently announced that it will strategically restructure itself. The company's playbook had all the buzzwords signaling...
It’s been almost a year since this sand producer filed a quarterly or annual SEC filing. Here’s what we learned that is relevant to the broader proppant market…
The U.S. Trustee's Office has objected to the litigation releases in bankrupt fracking miner Emerge Energy Services LP plan for...
In 2H17, we estimate the Union Pacific Railroad moved about one out of every X tons of frac sand pumped in the US. Today, we estimate their trains only move about one in X tons pumped...
Union Pacific Corp. recently reported results for the third quarter of fiscal 2019. Revenue in the quarter declined 7% as a result of a high single-digit decline in volumes. Year to date, revenue...
Railroad operator Kansas City Southern on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel shipments to Mexico and ongoing cost cuts...
Silica sand explorer, VRX Silica Limited has progressed substantially with its advanced silica sand projects – Arrowsmith and Muchea projects. The company’s...
On Friday, Perth-based VRX revealed the BFS for its Muchea project, which highlighted $3.34 billion in sales of the highly sought-after silica sand product over an initial 25-year mining period, and...
Houston oil company Birch Resources is planning a big push in the Permian Basin’s prolific Spraberry field. The company is seeking permission from the Railroad Commission of Texas to develop 19 horizontal wells targeting the...
Earlier this year, ExxonMobil rocked the Permian with its bold plan to boost production to 1 million boe/d by 2024. Exxon is clearly on target with a development approach unlike anything we’ve seen before in a shale basin...
Declining activity in U.S. shale fields continued to sting Houston oilfield service company Halliburton during the third quarter where the company stacked more hydraulic fracturing crews and deployed other cost-cutting measures...
Halliburton reported 3Q19 earnings on Monday and the stock market ate up the cost cuts. We thought it was notable that CEO Jeff Miller focused much of his opening remarks on international. Halliburton is known more...
The world's largest oil field service company beat Wall Street expectations on revenue but got stung by pretax charges that resulted in a multibillion loss for stockholders during the third quarter. Schlumberger reported a $11.4 billion loss...
Friday’s 3Q19 earnings report and conference call from Schlumberger were of much greater interest than usual for US oilfield service market participants for two reasons...
Baker Hughes has officially dropped GE from its name. The Houston oilfield service company announced on Thursday morning that it has officially changed its name to the Baker Hughes Company...
During the fracking revolution of the past decade, vast riches quickly and unexpectedly rained on the wildcatters of the American shale fields. As the TV theme song goes: Next thing you know, Old Jed’s a millionaire...
President Donald Trump said Friday he would nominate Deputy Energy Secretary Dan Brouillette to helm the Department of Energy, following Rick Perry's announcement he would resign by the end of...
Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry. “On my first day as president, I will...
A new study from the University of Texas at Austin blames hydraulic fracturing for causing some earthquakes in the Permian Basin of West Texas, dispelling the widely held view that oilfield wastewater disposals wells...
The tiny dunes sagebrush lizard has proved a tenacious obstacle to energy production in the Permian Basin, as conservation groups urge its protection from risks posed by hydraulic fracturing and the mining of frac sand...
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