Frac Sand Weekly News Digest

Issue #246 | November 20, 2019

We have a short newsletter this week, but several very interesting and informative articles. Please also note the announcement about the poster display at the 5th Annual Frac Sand Industry Update! Have a great rest of the week!

This Week's News

WSJ: Ill Wind from U.S. Shale Patch Kicks Up Sandstorm

A group of companies supplying oil and gas drillers turn out to be built on a foundation of sand. The epic growth in fracking that recently turned the U.S. into a net exporter of petroleum products has spawned entirely new industries...

Hard Times for Wisconsin Sand: Amid Flagging Sales, Hi-Crush Writes off $215M in Mine Value

In a sign of the bleak economic conditions facing Wisconsin’s frac sand industry, one company has devalued two of its mines by more than $215 million. Hi-Crush Inc. last week announced the devaluation of its idled August...

HCR

Q3 2019 Frac Sand Financials – industry facing continued headwinds with too much installed capacity and shale drilling slowdown

“...over the past few months, we've taken approximately 5 million tons of Northern White and regional sand capacity off-line through a combination of reducing hours worked, or completely idling plants…And when I look at the cash...

NEW INFO ADDED: More M&A At The Distressed Fringes Of The Frac Sand Market… Meaningful Consolidation Still On The Horizon

Earlier this month, the sale of the Preferred Sands Arizona mine to a new entrant came to light. In our update on the deal, we noted the transaction was not an example of the consolidation many are waiting ...

Available Frac Sand Assets to be on Display at the 5th Annual Frac Sand Industry Update

The Petroleum Connection is excited to announce that we have added a poster display component to the 5thAnnual Frac Sand Industry Update. The posters will showcase frac sand assets which are available for sale...

CST_Frac Sand Banner

Executive Voice: Oil industry vet builds sandboxes that changed fracking

The entrepreneurial end of oil and gas is where the fun is, he says...

Sandbox Logistics Named 2019 Top Workplace in Houston

“...over the past few months, we've taken approximately 5 million tons of Northern White and regional sand capacity off-line through a combination of reducing hours worked, or completely idling plants....

Another Big Containerized Sand Solution For The Last Mile Goes International

Pictures posted to social media recently have the last mile community talking… here’s what we’ve been able to confirm with the parties involved...

Big Oil majors looking to sell $27 billion in assets worldwide

The Big Oil majors aim to unload about $27 billion in oil and gas assets worldwide in order to cut costs and focus spending on their core projects. U.S. giants Exxon Mobil and Chevron for instance are concentrating...

Goldman Sachs is Bullish on Oil Prices in the Long Term

Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Goldman Sachs, however, is recommending clients go long on the premise that the fracking...

Frackers Prepare to Pull Back, Exacerbating a Slowdown in U.S. Oil Growth

After pushing U.S. oil and natural-gas production to record levels, some shale companies plan to pump less. The pullback is sharpest among the country’s largest natural-gas drillers. Several producers, including EQT...

Advertiser Space Available

Solaris Oilfield Infrastructure In Depressed Sector

Solaris Oilfield Infrastructure has mixed appeal. On one hand, it is stuck in the heavily-bleeding, declining sand/proppant sector — even though Solaris only handles sand at the well-site rather than developing...

Covia mine closure a blow to Le Sueur County taxbase

The Covia silica mining plant, the employer of an estimated 60 people in Kasota Township and one of the largest taxpayers in Le Sueur County shut its doors Tuesday, Nov. 12. Covia, formerly known as...

Canadian National freight railway in some ways might be hitting a traffic volume growth “wall”

Canadian National freight railway in some ways might be hitting a traffic volume growth “wall”. It is still, however, very profitable, and has some longer term market growth upside. CN outlooks turns negative Notes from...

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