Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #261 | March 4, 2020

Lots of interesting news this week.  In addition, sponsorship opportunities at the Mobile-Mini Frac Sand Mine Forum are nearly sold out!  If you are interested in showcasing your company’s goods and/or services at the event, please visit https://petroleumconnection.com/event/mobile-mini-mines/ to learn more and sign up!  Registration is also still open for the event, so be sure to register soon.  While CERA Week cancelled last-second due to coronavirus concerns, we do not anticipate the same issues.  Their event includes 5000+ attendees from 80+ nations.  We expect 150 people primarily from Texas.  We’re closely monitoring the situation and will keep everyone up to date if concerns rise.  Worst-case scenario would be that we have the largest virtual frac sand event ever and we stream the whole thing…but we do not expect it to come to that.  Have a great rest of the week!

This Week's News

Jordan Sands sued for default on $22 million loan; business in receivership

A St. Cloud bank is suing Jordan Sands and the Coughlan family after it says they defaulted on a $22 million loan. Stearns Bank says they are still owed $18.5 million and that Jordan Sands...

Victory Nickel Signs Agreement to Mine Alberta Frac Sand Resources

Victory Nickel Inc. today announced that its subsidiary Victory Silica Ltd. has executed an agreement with Short Grass Ranches Ltd. giving the Company the ability to mine frac sand from...

Smart Sands reports rising frac sand demand

Smart Sands chief executive officer William Young told investors on Wednesday February 26 that demand was set to rise because buyers would be stocking up again after cutting purchases at the end of 2019...

Pattison Sand files another request to export water from Iowa, this time for significantly less

Pattison Sand Co. has submitted a new request to the state environmental agency to export water from Iowa, but the second time around, it's shrinking how much it wants to send to drought-stricken western states...

The Customer Is Always Right, And Here Are The Most Notable Things Frac Sand Customers Said In February

EOG said recently that better pairing of origin and destination vs. 2019 will help them achieve targeted well cost savings. We wonder if this is simply better availability of local sand near their wells or possibly mobile mini plant adoption?

Oilfield Water Markets 2020 Conference

Used Mobile Sand Plant Available for Sale

This GH Rapid Set Plant is capable of processing 985,500 tons a year. The plant was newly built and deployed in 2015. The plant has been maintained extremely well and an equipment maintenance...

Solaris Oilfield Infrastructure: A Strong Balance Sheet Offsets Some Of The Margin Pressure

In the U.S., overcapacity in the mobile proppant and chemical systems market plagues the market. As a result, Solaris Oilfield Infrastructure’s profitability remains under significant pressure...

A Wellsite Storage System Provider Plays Offense – Calls Other New Gen Solutions “Outdated”

That’s what one growing wellsite storage provider in the frac supply chain had to say about their wellsite storage solution displacing the competition on their conference call this week…

US Export-Import Bank Signs $18M+ Guarantee Backing YPF Purchases Equipment from PropX and Others to Export to Argentina

The US Export-Import Bank has backed the export of oil and gas services equipment from the United States to Argentina with a seven-year guarantee. The guarantee covers an US $18.4m loan...

PropX

ExpressSand Delivery System Now Available in Vaca Muerta

ExpressSand Delivery System: step change in proppant management now available in Vaca Muerta...

Oil Extends Rally as G-7 and OPEC+ Step Up Response to Virus

Oil jumped after the U.S. Federal Reserve cut interest rates to shore up financial markets amid the spreading coronavirus outbreak. Futures rose more than 2% in New York in the first five minutes...

Annual U.S. oil production breaks another record

Annual oil production in the U.S. broke another record in 2019, surpassing 12 million barrels per day for the first time. The annual growth rate shrank from 17 percent in 2018, but production still...

CERAWeek canceled amid growing coronavirus fears

A major oil and gas industry conference that brings thousands of international visitors to Houston every March has been canceled amid elevated fears related to the growing number of coronavirus...

Mobile-Mini Mine Opportunities

Over the past few weeks we have received several inquiries regarding mobile or mini frac sand mine opportunities. From land deals to equipment design to procurement, there is a lot of interest in...

U.S. Sen. Tom Udall introduces bill to 'modernize' oil and gas fees on federal land

U.S. Senator Tom Udall hoped to target oil and gas leases by increasing rental rates and the amount of royalties returned to U.S. taxpayers from extraction operations...

Texas business owners fear 2020 Democrat climate policies

Businesses in oil-rich Texas are bracing for the impact that the proposed climate policies of Democratic presidential contenders could have on their bottom lines, as voters head to the polls this...

Advertiser Space Available

US Oilfield Reduction In Force Tally Mounts

One week ago today, we quantified the reduction in force trend using 2019 headcount data from the 15 companies that had filed annual reports up to that point. Today, we’ve added another 22 companies…

Superior Energy Is Restructuring Its Business, But Balance Sheet Is In Shambles

Superior Energy Services is pulling out of the drilling rig service and hydraulic fracturing service operations. Its current emphasis includes providing products and services, offered primarily in the...

8 Frac People On The Move

We take a look at some notable comings and goings. The frac talent pool continues to play musical chairs...

Hemp as an Alternative Energy Crop: Drying Considerations (go buy a dryer from a frac sand mine!)

Regardless of the numerous conspiracy theories surrounding hemp and marijuana on the internet, by 1920, industrial hemp had been on its way out for decades, due to technological advancement...

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