Frac Sand Weekly News Digest

Pete 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…

Tarmac International

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...

CST_Frac Sand Banner

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...

The Mouat Company

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...

Advertiser Space Available

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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