Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #264 | March 25, 2020

Hopefully you have been able to take advantage of the “no travel” and “work from home” situation to catch up on important issues, clean up the home office, and sit and think about priorities, innovations, and life.  I’ve been pleasantly surprised this week how much of that type of thing I have been able to accomplish.  I have received several calls from people developing real innovations or working on projects large and small (which are quietly moving forward, positioning themselves for success when we come out of this situation). It reminded me of this caveman cartoon:  Perhaps now they finally have time to talk! I also wanted to point out that many of the articles to which we link are from Infill Thinking, which is offering a 90-day free trial for those laid off in the industry.  If that applies to you, I would encourage you to take advantage of the offer.  Well worth your time. Don’t hesitate to reach out if there is anything we can do for you!  Stay healthy!

This Week's News

Canadian Premium Sand Announces Significantly Improved Economics in Updated Pre-Feasibility Study

Canadian Premium Sand Inc. is pleased to announce that an updated Preliminary Feasibility Study and Mineral Resource Report effective March 19, 2020 has been completed for the Company’s...

Smart Sand: Market Consolidation Could Make Smart Sand A Winner

Smart Sand is undervalued on a book value basis. It has been consistently profitable and operates off of cash flow while reducing debt. Smart Sand is a profitable company, increasing its value...

RB Scott Purchases Industrial Facility in Fort Atkinson, Wisconsin

The Fort Atkinson City Council on Tuesday paved the way for a new company to locate in the southside Robert L. Klement Business Park. The council unanimously approved the sale of 7.791 acres of...

IAC’s Newest Frac Sand Plant in Louisiana

IAC Engineers & Constructs New Frac Sand Plant in Louisiana 5 weeks early. The plant includes State-of-the-Art Project Controls for Engineering, Procurement and Construction...

Mobile-Mini Frac Sand Mine Forum Postponed to July 1

The Petroleum Connection has announced that the Mobile-Mini Frac Sand Mine Forum has been postponed from April 17 to July 1, 2020. Due to the coronavirus complications, travel restrictions, CDC...

Oil finds firmer ground after fed unleashes support measures

Oil was swept up with other risk assets on optimism over a U.S. stimulus package to shore up the coronavirus-battered economy. Futures advanced 2.8% in New York as House Speaker Nancy Pelosi...

Oil advances despite demand crisis, OPEC deal fading

Oil clawed back some gains after plunging 29% last week as the U.S. signaled the possibility of a joint U.S.-Saudi Arabia alliance to stabilize prices. Futures in New York rose 3.2% Monday in a mixed day of trading...

Railroad Commissioner Ryan Sitton invited to OPEC's June meeting

Railroad Commissioner Ryan Sitton, one of three officials elected to regulate the oil and gas industry in Texas, has been invited to attend OPEC's next general meeting in June. In a Friday afternoon statement...

Not the first time OPEC has pulled up a chair for Texas

The crisis in the oil industry is so bad that Texas regulators are weighing whether to coordinate production cuts with OPEC. If they’re seeking advice, they should look no further than the man...

Advertiser Space Available

Fracking giants warn shale crash will be faster this time

Two of the world’s biggest oilfield service companies are warning of a bigger shale crash than the one that hit the U.S. and Canada just five years ago. While the decline in North American drilling rigs...

Midstream Prices Crash: Maybe We Have Seen This Before

Midstream is in a rough spot. With the shale industry under attack from OPEC+ and demand taking a hit from COVID-19, overall energy demand looks rather bleak, particularly in crude oil. Even the quality...

E&Ps Are Hardstopping US Oilfield Activity (Voice Of The Industry Survey From The Past 7 Surreal Days)

Here’s what we heard during phone calls with many of our oilfield contacts over the past 7 days...

Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget

Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget as crumbling oil prices and the coronavirus pandemic weigh on the industry. The company...

Tens of thousands losing jobs as coronavirus and an oil war slam shale fields

One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs. And now, the spread of...

PropX

Infill Thinking Offers Relief To Laid-off Members, Others

Unfortunately, thousands of extremely talented and dedicated oilfield business people are being let go right now through no fault of their own. So this week, Infill Thinking will begin offering 90-days...

Can the railcar fleet be simplified?

My thesis is that the railcar fleet could be right-sized to just four basic railcar types. There are too many boutique car types – now we must find common ground and agreement among all the parties involved...

Tiny Ceramic Beads Boost Utica Production, but Not Marcellus

We spotted an interesting article appearing in the American Oil & Gas Reporter about results from using tiny ceramic beads as a proppant in oil and gas wells in several shale plays. Typically sand is...

OSHA Respirable Crystalline Silica Standard

Workers who are exposed to respirable cyrstalline silica dust are at increased risk of developing serious silica-related diseases. OSHA's standard requires employers...

Making the Best of a Tough Situation

For all of us, this is a very difficult situation. Financially, it is going to be very, very difficult. Personally, however, this coronavirus quarantine has the potential to be a great time. There is potential that you can...

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