Frac Sand Weekly News Digest

Issue #247 | November 27, 2019

The Petroleum Connection Team wishes you and yours a Happy Thanksgiving!

This Week's News

Frac sand slump continues to sting industry

Falling demand, abundant supplies, lower prices and and increased competition are hitting the frac sand industry as as it contends with a slowdown in the nation's shale oil and gas fields. Katy sand products...

Proppant per well is still growing among many top Marcellus operators.

Looking at the baseline presented for multifracking it is really amazing. When on average multifrack processes on Marcellus is around 15.3 mm lb proppant...

The Mouat Company

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...

U.S. Silica to Cut 10% of Workforce, Idle Two Mines

The Katy sand mining company U.S. Silica said it will idle two sand mines and cut 230 jobs, or about 10 percent of its workforce, as it contends with a slowdown in the nation's shale oil and gas fields...

CST_Frac Sand Banner

Worried About RIFs? You Are Not Alone

In these troubled times, we want to do our part to help any Infill Thinking members that may be impacted by the waves of layoffs sweeping the US oilfield. If you are an...

Creditors Balk At Emerge Energy's Ch. 11 Extension Bid

Unsecured creditors of Emerge Energy Services LP told the Delaware court Thursday that the bankrupt fracking sand miner should not have extended time to get its...

Superior Energy Services Gathers Strength, But Risks Remain

Superior Energy Services' offerings include drilling products and services, onshore completion and workover services, production services, and technical solutions. The company’s leveraged balance...

A Look At O&G Drilling Trends By State On Federal Lands

This is not only worth watching for upstream firms and pressure pumpers, but also water midstream firms who are counting on future produced water volumes in these areas and working out long term contracts...

Eagle Materials Inc. Announces Agreement to Acquire Kosmos Cement Plant and Related Assets

Eagle Materials Inc. announced today that the Company has entered into a definitive agreement with Kosmos Cement Company (a joint venture between CEMEX S.A.B. de C.V. and Buzzi Unicem S.p.A.), to purchase Kosmos’...

Advertiser Space Available

The First Horizontal Well Multi-Stage Sand Fracturing Job Performed in Iraq

PetroChina successfully performed the first Horizontal well multi-stage sand fracturing job with 450 m3 ceramic proppant at Halfaya tight carbonate formation in Iraq in November 2019, which indicates the reservoir development...

Goldman: Go Long on Fracking

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...

Billionaire Fracking Brothers Hammered by Permian Holdings

Farris and Dan Wilks hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion, giving them ample resources to fund their interests in land, politics and religion...

FreightWaves Oil Report: US Growing Role As An Exporter; What's Up In California

A few random observations about what has been going on in the world of oil during the past week:
– For four of the last seven weeks, the U.S. has exported more petroleum than it has imported. That's according to the weekly...

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