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Nick Cook, Editor
Issue #255 | January 22, 2020
Just when you thought we were reaching a “new normal” in frac sand…more interesting developments in the industry. You can read about a few of them in this week’s articles, and then talk about them with colleagues at next week’s 5th Annual Frac Sand Industry Update. If you have not yet registered, you need to do so right now. It is very likely registration will sell out by early afternoon today (January 22). There is a lot going on in the industry right now and the attendee list for next week is the who’s who of frac sand. You won’t want to miss it. And now, all the news that’s fit to print.
A quadfecta is a set of four events. The following four items aren’t really events yet, they are futuristic concepts that we know some very smart folks with various levels of access to capital...
The Petroleum Connection is pleased to announce we will have a presentation about Mini-Mines at the 5th Annual Frac Sand Industry Update, at The Petroleum Club on January 29. Come...
On New Year’s eve, we sent a newsletter. Despite the holiday, it was one of our most opened and shared newsletters of 2019. Why? It introduced a new idea with disruptive potential...
Supply has been outpacing demand. Demand will increase once exploration and production budget exhaustion fades. Prices will improve on the back of production cuts and mine closures...
Oil prices had their ups and downs in 2019, but the sentiment overall from a sub-segment of the upstream industry regarding their outlook is remarkably steady, as evidenced by the results...
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 or investment...
The number of operating oil and gas drilling rigs in the U.S. increased by 15 this week, according to the Baker Hughes rig count. The gain erases the loss from last week, when the...
The Petroleum Connection is pleased to announce that noted commentator and energy expert David Blackmon will be speaking at the 5th Annual Frac Sand Industry Update. Mr. Blackmon...
A datapoint this week emphasizes the disruptive impact that a combination of automation software and depressed rate sheets is having on the frac sand hauling industry as another large carrier rolls up and….
Kansas City Southern’s KSU fourth-quarter 2019 earnings (excluding 52 cents from non-recurring items) of $1.82 beat the Zacks Consensus Estimate by a penny. Moreover, the bottom...
Andersons Inc. is undervalued according to book value. This balance sheet undervaluation and steady dividend accompanied by strong diversification and rising revenues makes Andersons...
Riverstone Credit Opportunities Income, sister fund to the struggling Riverstone Energy investment company launched last year, has received a boost after one of its borrowers repaid...
The Petroleum Connection is pleased to announce that ShaleApps, a leading provider of mobile apps in the oilfield, will be the Lanyard Sponsor for both the 5th Annual Frac Sand Industry...
The natural gas and oil industry in Texas paid more than $16 billion last year in combined state/local taxes and in royalties, the highest in history, according to the Texas Oil & Gas Association...
The Petroleum Connection is pleased to announce that PropX has signed up as the Coffee Sponsor for the 5th Annual Frac Sand Industry Update, being held in Houston on January 29, as well as...
The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report. The study from the...
McDermott International will file for Chapter 11 bankruptcy Tuesday, the struggling Houston oilfield service company confirmed. In a statement released early Tuesday morning, McDermott...
Beleaguered US contractor McDermott International has reached a financial restructuring pact with creditors to be filed under the US Chapter 11 bankruptcy protection regime...
Schlumberger, the largest oil-field services company, is responding to the ongoing shale slump by selling underperforming businesses, stacking frac fleets, closing locations and laying off employees...
Houston oil field service company Halliburton said Tuesday that it closed 2019 with a $1.1 billion loss amid an ongoing shale slump in the United States that has weakened demand for hydraulic...
Here’s just what you really need to know from the Halliburton US onshore outlook provided on Tuesday morning…
Right now, the country with the world’s biggest oil reserves — Venezuela — is putting out a fraction of its traditional production, as a corrupt and inept socialist government has lost the ability...
Worth a read as it could be a blueprint for other frac sand opponents...
California increased its efforts Friday to keep the federal government from allowing oil and gas drilling on more than 1 million acres of public land, suing to block the Trump administration...
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