Frac Sand Weekly News Digest

Issue #244 | November 6, 2019

This Week's News

Canadian Premium Sand Announces First Shipment of Silica Sand

Canadian Premium Sand Inc. is pleased to announce its first shipment of Northern White silica sand to a customer's terminal in Western Canada. This shipment was sourced from an operating mine in Wisconsin located directly...

Extending The Trend In Rockies Local Sand

In a data-driven update earlier this week, we noted that local sand capacity growth has stalled most everywhere with a couple exceptions. And a couple days later, here we are adding another mine in one of those exception...

North Dakota sand deposits getting a second look

The sand deposits in North Dakota are getting a second look. They were checked about 10 years ago for usability with fracking and the industry decided against it. The sand typically used by oil companies is more than...

Badger Mining moves into Rocky Mountain House transload, expanding into Cardium Formation

Badger Mining Corporation, a family-owned industrial sand supplier since 1949, is pleased to announce the signing of a new exclusive terminal agreement with Di-Corp Sand Transloading for the use of DST’s transload facility in Rocky...

Shale Support Nets Bankruptcy Plan Approval

A bankruptcy judge signed off on a restructuring plan covering Shale Support Global Holdings LLC that hands ownership of the frac-sand supplier to Benefit Street Partners LLC. The Lafayette, La.-based company filed for chapter 11...

Advertiser Space Available

US Silica hit by costs and market slowdown

Proppant player US Silica reported a net loss in the third quarter as the company took hits from merger and acquisition expenses, facility closure costs and outlays from plant start-ups and expansions amid weaker...

Frac Sand Market Datapoint Roundup: 8 Interesting Things We Noticed Over The Past Week…

In this update, we’ve carefully curated eight notable frac sand market datapoints, most of which came to light in the past seven days. These are mostly skimmed from…

Where the Frac Sand Goes, CST Follows

The U.S. is the world’s largest producer of natural gas and oil, thanks in large part to hydraulic fracturing. Water is an indispensable part of the process because without it, there would be no way to produce the slurry...

VRX Silica raises $4 million to accelerate Western Australia silica sand projects

VRX Silica Ltd will use $4 million raised in a strongly supported placement to accelerate the development of its three silica sand projects north of Perth in Western Australia. The placement at 11.5 cents...

North America Proppant Market Expected to Grow at rate of 7.67% 2019–2024

The market for North America proppants is expected to grow at a CAGR of 7.67 % during the forecast period of...

CST_Frac Sand Banner

A First For The US Local Sand Workforce

For the first time since the disruptive local sand shift began back in 2017, the total workforce employed by the US local frac sand mining industry has…

Oil gains for a third day as trade deal optimism extends

Oil rose for a third day, buoyed by signs of progress in the prolonged U.S.-China trade dispute, despite expectations for expanding American crude stockpiles. Futures gained as much as 1% in New York. China is reviewing locations in the...

OPEC sees market share shrinking for years as shale triumphs

OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale...

World ‘awash’ in oil As Perry sees shale boom barreling ahead

Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview. U.S. shale production has turned the...

International Business Recovery Will Keep Halliburton Rolling

Halliburton is the second-largest oilfield equipment & services company by market capitalization. The stock price is unlikely to exhibit strong positive momentum in the short-run, but expect it to rebound in...

Shale slump: Lower hydraulic fracturing activity stings frac sand business

The ongoing shale slump is hitting sand miners and haulers that are facing lower demand, intense pricing pressures and competition from oil companies building their own mines to provide the crucial ingredient...

Frackers Scrap Idled Equipment Amid Shale Drilling Pullback

The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. With almost half of U.S. fracking firepower expected...

US fracking’s glory days may be over as equipment stands idle

The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. With almost half of US fracking firepower expected to be sitting idle within weeks...

McLanahan Wash Plant Available for Purchase

Functional wash plant available in the upper Midwest. Very competitively priced at only $410,000. This will sell quickly. Contact pcook@petroleumconnection.com for additional information and an introduction...

250 TPH Wash Plant Available in the Upper Midwest

A 250 TPH wash plant located in the upper Midwest is available for purchase. With less than 500,000 tons fed to the plant, it is in very good condition and the asking price is only $4M USD. Contact...

Vulcan

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 bargains available out there for those with the resources...

FreightWaves Oil Report: Struggles In The Oil Patch Aren't Getting Any Easier

Market observers call new flow of capital in US oil production unlikely When Paul Murphy, the chairman and CEO of Cadence Bank, got on his recent earnings conference call, he described the bank's approach to new lending...

Shale slump stings service sector while some companies implement strategies to adapt

The ongoing shale slump continues to sting oil field services companies, but some of them are successfully implementing strategies to adapt to the boom and bust cycles. With crude oil trading in the $50 per barrel range...

Fracking halted in England in major government U-turn

The government has halted fracking in England with immediate effect in a watershed moment for environmentalists and community activists. Ministers also warned shale gas companies it would not support future...

Uresti co-defendant Gary Cain loses appeal

Gary Cain, a San Antonio businessman who was convicted last year with then-state Sen. Carlos Uresti over their involvement in a Ponzi scheme, has lost his appeal. A three-judge panel on the 5th U.S...

Acid vs. Proppant Fracturing: Which Should I Use?

The purpose of any fracturing treatment is to improve well productivity or well injectivity if the well is an injection well. This occurs by placing a high permeability fracture deep into the pay or injection...

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