Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #266 | April 8, 2020

Plenty of interesting articles in today’s newsletter.  At the time of writing, there is a fair amount of talk about how actual coronavirus cases and hospitalizations are much lower than the estimates.  Hopefully that trend continues and we can start working toward normalcy again.  We’ll see.  Have a great Easter!

This Week's News

CARBO Ceramics Files Prepackaged Bankruptcy, Selling to Wilks

Oil billionaire Dan Wilks is going discount shopping. He’s buying up companies in the oil and gas space that are struggling. One of them is CARBO Ceramics, a company that provides a...

Oil billionaire Dan Wilks acquiring stakes in hard-hit U.S. service firms

Oil billionaire Dan Wilks this week took a large stake in a struggling U.S. shale fracking company days after his Wilks Brothers investment group took over a frack sand provider. U.S. shale producers this...

Wherever Frac May Roam… Meet Nomad, A New Entrant In The Emerging Mobile Mini Frac Sand Category

We recently caught up by phone (observing social distancing) with the management team of a new entrant in the emerging mobile-mini frac sand plant market. Here’s what we learned about their plans and what they are doing differently…

SMART SAND ANNOUNCES UPDATES ON MANAGING MARKET VOLATILITY

The recent decline in oil prices resulting from a combination of oversupply from Russia and Saudi Arabia and reduced demand related to the COVID-19 pandemic has led many exploration and production...

Badger Mining donates PPE to local healthcare provider and first responders

Earlier this week, Badger Mining Corporation donated a variety of personal protective equipment from its Wisconsin facilities to the company’s neighbors at the Mayo Clinic and Blair Fire Department...

PropX

Frac Sand Hauler Pivots to Other Opportunity to Keep Drivers Driving

When life throws you a curve, God always provides. Thanks to our partners Eddie Welch and Timmy Yeary with the Cline Wood Agency, we were able to pivot quickly in this time of need. Rather than just releasing...

Industrial Sand: Did You Know...?

The U.S. became the largest crude oil producer in the world in 2018, after years of growth that began around 2010, according to the U.S. Energy Information Administration. The growth occurred...

When We Make It To The Other Side… The Top 10 Debates For When The NAM Oilfield Bottoms

One beaten-down reader told us last week that we need to start a virtual happy hour after every newsletter we send these days. We understand – the subject matter is indeed depressing. Recent newsletters...

Opinion: US Shale Is Here to Stay, and It’s About to Be an Unstoppable Monster – Prove Me Wrong

What strange times we live in… Everyone is living in their proverbial caves, gas at the pumps is approaching prices that I saw when I first started driving, kids are home from school, people are out of a job worldwide, and the list goes on…

Fracking in California gets green light after 9-month pause; Aera Energy receives permits

California regulators on Friday issued fracking permits for the first time in nine months, saying federal scientists had given clearance for 24 permits to Aera Energy for oil well stimulation in Kern County...

Managing sand and erosive solids to optimize safety and production

Sand management is a vaunted piece of terminology, but the safety and production implications of sand are greater than one might think. Sand is hard and often abrasive. It is defined as a detrital grain...

Advertiser Space Available

VRX Silica holds three standout high-demand silica sand projects

VRX Silica is on the verge of developing the first of its three silica sand projects in Western Australia with a bankable feasibility study and native title agreement already in place. Sand — one of the most used...

Paycheck Protection Program helping hundreds of Texoma small businesses

Before the CARES Act was put into effect, A&J Transportation, an Ada company that ships frac sand all over the country, talked about laying off some of their employees due to the coronavirus...

Frac Sand Industry: An Early Post Mortem

The value of last mile logistics. Contracted volumes. Ever increasing demand due to sand intensity. Frac sand investors were sold a heck of a great story, one that many bought hook, line, and sinker...

A Watershed Moment For The Oil Market – Quick Thoughts & A Recap Of This Week’s Historic Developments

For most of the oilfield business people we know and interact with, the price of oil is noise until it isn’t. It’s one of those things that doesn’t matter until it does. And right now, it certainly does. And here’s what caught our eye in this historic week…

Sub-$30/bbl WTI drastically alters the US unconventional supply chain

In March, 34 out of the 51 public E&Ps active in the US announced capital expenditure cuts totaling $33 billion. These revisions will have a dramatic impact on the drilling and hydraulic fracturing supply chain...

Cuts to E&P supply chain costs limited in 2020

Global E&P operators may only be able to cut supply chain costs from efficiency and productivity improvements by up to 12% in this year’s downturn as much of the potential has been exhausted since...

Shale-well frackers grind to a halt as oil prices collapse

Once the fastest growing - and most controversial - oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells...

Oil moves higher as producers near deal on cutbacks

Oil resumed gains on signs that the world’s biggest producers are moving toward a deal to end their price war and cut output as the coronavirus eviscerates energy demand. Futures in New York rose 3.6% to trade...

Service companies lead energy bankruptcy filings so far this year

Record low oil prices continue to take their toll on the energy industry where oilfield service companies are leading a flurry of new bankruptcy filings so far this year, figures from the law firm Haynes & Boone show...

'May will be worse': CN Rail CEO says Canada, U.S. just starting to feel impact of coronavirus

North America is just starting to feel the crunch of the coronavirus pandemic, with freight shipments not expected to recover until the fourth quarter or even 2021, Canadian National Railway chief executive...

AAR: March rail traffic reflects pandemic's impact on U.S. economy

U.S. freight railroad traffic trends in March show the hit the U.S. economy is taking as a result of the COVID-19 pandemic, Association of American Railroads data shows. U.S. railroads logged 1,835,053 carloads...

Lame-duck Railroad Commissioner Ryan Sitton is U.S. face in global oil battle

In just a matter of weeks, Ryan Sitton went from being a lame-duck commissioner of an obscure Texas agency to one of the key figures in a global effort to save the oil market from plummeting prices...

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