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Nick Cook, Editor
Issue #256 | January 29, 2020
We look forward to seeing 180+ of you today at the 5th Annual Frac Sand Industry Update! The event is completely sold out (for the 4th year in a row!) and the timing of the Industry Update could not be better. The venue will be as packed as the agenda. We’ll be discussing the sudden shortage of 100 mesh in the Permian, the concept and potential impact of mobile/mini mines, diversification and adaptation in a down cycle, and many other issues of interest (including the announcement of a new niche frac sand event to be held in Houston in mid-April!).
IIf you were not able to join us in Houston today, touch base with your contacts in attendance and look forward to next week’s Frac Sand News Digest for details. Mark your calendars and budgets so you do not miss our April event or the largest frac sand event of the year (being held in San Antonio in September –
https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/.
Have a great rest of the week!
Just when everyone assumed the Permian was hopelessly oversupplied with sand comes a supply crunch that will make everyone question their beliefs...
A fall off in Lower 48 exploration activity has slammed the sand mining sector, but some stability should return this year, according to Moody’s Investors Service. In an in-depth analysis of the sector, analysts said the fracture sand industry...
The past year or so has not been particularly kind to shareholders in frac sand player Hi-Crush Inc. Shares of the business have been crushed by persistent pessimism, ranging between concerns that in many parts of the...
With the days of large-scale in-basin mine construction vanishing, we wonder if the miniaturization trend this chart reveals is a precursor to the rise of mobile-mini plants...
Frac Shack Inc. announced that it has acquired all the operating assets of the Sandtinel Group of Companies for an undisclosed amount. Frac Shack will fund the purchase with cash and debt. All Sandtinel employees have also agreed...
A new entrant sand miner launched last last year is quickly advancing a brand new local frac sand mine project for the Bakken through the local permitting process in North Dakota...
Despite a slowdown in drilling activity, oil production has continued to soar in Oklahoma and nationwide...
US oil production from tight formations increased in 2019, accounting for 64% of total US crude oil production, according to the US Energy Information Administration. This share grew because of the increasing productivity of new wells...
Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration said on Friday...
Parsley Energy on Friday joined a growing number of companies in the industry paying higher dividends to boost Wall Street confidence and loyalty but often cutting spending to overcome stagnant crude prices. The Austin-based oil...
Houston oil-field service company Baker Hughes closed 2019 with a profit as its peers in the troubled sector are reporting multibillion dollar losses. Baker Hughes reported $128 million of net income in 2019, a 34 percent decline...
Hess Midstream LP, today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4258 per Class A share for the quarter ended December 31, 2019. The distribution...
Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. In a Wednesday morning filing with the Securities and Exchange...
From strength to strength in January for this important West Texas drilling activity indicator...
The natural gas-rich Haynesville Shale of East Texas and northern Louisiana was the biggest single loser in this week's rig count, which remained almost flat. In figures released early Friday afternoon, the Baker Hughes Rig Count...
In this asset-intensive business, talent shifts are often ignored. But people matter. Talent shifts affect how business is done and competitive advantage, and here are ten moves that matter for how business is done in the sectors we cover in early 2020…
Based on an in-depth Energent Group report, Permian Basin traffic accidents were up by 17% in 2018. As oilfield activity and the number of vehicles on the road increase in the coming years, this poses a greater risk for drivers. To address...
Union Pacific recently reported results for the fourth quarter of fiscal 2019. Revenues in the quarter declined 9% to $5.2 billion as a result of a double digit decline in volumes. For the full year, revenues contracted...
A few weeks ago, I published this article covering Union Pacific's bull case from a dividend investor's point of view. The main driver of growth has been and still is the economy. Hence, as a result of the ongoing growth...
Slotted liner completions are the most common devices used to prevent and control sand production in horizontal wells. We are currently delivering solutions aimed at preventing MIC and chloride attack caused by solids...
Today Novi Labs, Inc. announced the formation of a long-term partnership with Paramount Resources LTD focused on increasing net asset values by enabling Paramount's engineering teams to rapidly analyze all...
All the way back in 1982, the Fish and Wildlife Service identified the dunes sagebrush lizard as a species for which proposed listing was “possibly appropriate.” Since then, habitat destruction and other new threats, like...
In an apparent case of first impression that drew heavy amicus interest from natural gas industry organizations, the Pennsylvania Supreme Court has determined that the rule of capture, which precludes trespass liability for drillers where...
On Wednesday, the Pennsylvania Supreme Court overturned a lower court decision that appeared to make the “rule of capture” inapplicable to oil and gas wells subjected to hydraulic fracturing, or “fracking.” Briggs v. Sw. Energy Production...
A proposal introduced for the second consecutive year in New Mexico because of erroneous environmental concerns would establish a four-year ban on new hydraulic fracturing permits and would imperil the state’s financial situation...
State Sen. José Rodríguez will participate in tomorrow’s joint hearing of the Senate Committees on Natural Resources & Economic Development, and Water & Rural Affairs. Sen. Rodríguez serves on both committees. The joint committee...
Gov. Andrew Cuomo wants to make New York’s ban on hydraulic fracturing harder to overturn. Cuomo, a Democrat, pledged support this week for making the state’s fracking ban “permanent,” meaning it would be set in law and...
A Virginia Senate committee on Tuesday advanced measures that would ban offshore drilling as well as hydraulic fracturing in much of eastern Virginia. Similar versions of both measures have been proposed in previous...
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