Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #249 | December 11, 2019
After a couple of slow weeks for frac sand news, this issue is jam-packed with noteworthy articles. Grab a cup of coffee and take your time reading through this week’s news!
This Week's News
An ESG Concern All Frac Sand Plant Owners Should Address Proactively As Financial Distress Bites The Industry
In this update we explore a growing ESG concern associated with a tail risk involving the frac sand industry that is exacerbated when firms fall into financial distress...
Select Sand Announces 3-Year Supply Contract with Large Cap E&P Company
Vancouver, BC – Select Sands Corp. announces that its 100% owned subsidiary, Select Sands America Corp., has entered into a 3-year supply agreement with a large cap exploration and production company...
Arkansas NWS Frac Sand Still Finding A Home In The Eagle Ford
Despite the ramp of multiple local South Texas frac sand mines, some recent RFQs from a handful of operators continue to ask for Northern White Sand…
Canadian frac sand company expands operations while industry shrinks
Canadian sand company Select Sands is expanding operations at a time when declining demand is prompting others in the frac sand industry to scale back their operations. In a pair of announcements, Select Sands reported...
Black Mountain’s C-Suite Change Isn’t A Knee-Jerk Move Like The Rumor Mill Suggests
Draconian chatter has been circulating lately in frac sand’s inner circles about leadership changes at Black Mountain Sand recently. On good authority, we believe the rumored drama is overstated. After…
The Petroleum Connection Adjusts the Dates for the 9th Annual Frac Sand Supply & Logistics Conference
The dates for the 9th Annual Frac Sand Supply & Logistics Conference have been moved up one week and the event will now be held September 16-18, 2020. The venue and general event format remain the same...
Hi-Crush Inc. Announces Chief Financial Officer Succession
Hi-Crush Inc. today announced that Ms. Laura C. Fulton, Chief Financial Officer, will resign as Chief Financial Officer and principal financial and accounting officer of the Company...
Hi-Crush’s CFO Goes Her Separate Ways
Hi-Crush unexpectedly press released the departure of CFO Laura Fulton this morning. In many ways, Laura has been…
Schlumberger's longtime chief financial officer stepping down
Schlumberger’s longtime chief financial officer Simon Ayat is stepping down from his position in January and a successor has already been named. In a Tuesday morning statement, the company announced that...
The highest median proppant per well usage is in the Haynesville
Westwood Global Energy Group...
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...
Devon partners with Dow in shale
Devon Energy will partner with the chemical giant Dow to develop much of its shale oil and gas acreage in Oklahoma. The unique deal lets Oklahoma City-based Devon cut costs while Michigan's Dow gets more access...
USWS fleet set new company records for number of plug & perf stages completed and proppant pumped in a calendar month
A USWS fleet set new company records for number of plug & perf stages completed and proppant pumped in a calendar month - and this included 2 pad moves. Our Clean Fleets and conventional diesel fleets continue to be some of...
Halliburton to lay off dozens in California
Houston oilfield service giant Halliburton is laying off dozens of employees in California amid an ongoing slump in drilling and completion activity in the United States and Canada. The company plans to...
Halliburton shifts strategies in Oklahoma amid ongoing shale slump
Houston oilfield service giant Halliburton is shifting strategies sand relocating some of its field operations in Oklahoma amid the ongoing shale slump. In a statement released Tuesday morning, the...
RIF Alert: Another Frac Outfit Completely Shutting Down?
As of Friday morning, our channel checks suggest that a well known frac company may be completely closing up shop, rolling up operations, selling their horsepower, and letting everyone go….
Basic Energy Services delisted from New York Stock Exchange
Fort Worth oilfield service company Basic Energy Services is now a penny stock after being delisted from the New York Stock Exchange. In a statement released Tuesday morning, Basic Energy Services announced...
Shale Frac Spread Rebound Hopes Fade
Back in September, Rigzone reported that a firm that gauges the U.S. upstream industry’s health based on hydraulic fracturing activity held out the possibility of a rebound – albeit a temporary one. At the time, Primary Vision LLC...
Analysis: Why OPEC Can Push Up The Price And Not Risk A Third Shale Boom
Since the slump first became obvious a year ago, the penny that shale-oil output growth was going down, not up, finally dropped for most commentators. That said, EIA, IEA, OPEC, and Rystad Energy are all still sticking...
OPEC+ finalizes deal to cut 500K additional barrels through March
OPEC, Russia and its allies agreed Friday to cut an additional 500,000 barrels a day through March in a new deal that was strengthened by Saudi Arabia's vow to stay well below its production quota and reduce its...
Canadian Premium Sand Announces Convertible Debenture Offering
Canadian Premium Sand Inc. is pleased to announce that it intends to conduct a non-brokered private placement of secured convertible debentures for total gross proceeds of up to $10 million at a price of $1,000 and integral...
Argentina Now Boasts World’s Largest Horizontal Oil Well
YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global Platts reports, citing a source close to the company...
History Of Boxes vs. Silos vs. Everything Else
The whole boxes vs. silos last mile market debate continues to be a regular (and often contentious) topic of conversation that surfaces often in frac sand inner circles and at sand industry events. For this update, we...
Hi-Crush General Counsel Mark Skolos elected Chair of the NSSGA Industrial Sand Division Board of Directors
Congratulations #HCR General Counsel Mark Skolos for being elected Chair of the NSSGA Industrial Sand Division Board of Directors...
Shipping Co. Can't Pause Suit Over Copycat Frac Sand Boxes
A company being sued for the third time by a former business partner over the alleged misuse of proprietary designs for frac sand shipping containers lost a bid Friday to pause the Texas case while it appeals a...
Judge allows Hi-Crush lawsuits to proceed but requires neighbors to document harms
eighbors of two Hi-Crush frac sand mines can proceed with lawsuits against the company, but not before they detail specific harms suffered as a result of two mining operations in western Wisconsin. Some 40 neighbors of mines in...
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