Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #270 | May 6, 2020

Our thoughts and prayers go out to the 500+ people put out of work from the frac sand industry over the past month or so.  In hopes of helping out, I did some research to find what job listings are out there at some of the larger frac sand companies.  Those links are included in the newsletter below.  I can’t guarantee that most of those jobs are still open, but they’re worth a look.  St. Rita, Patron Saint of the Impossible (and unofficially the patron saint of oil & gas…as shown in the movie “The Rookie”)…pray for us!
 
Beyond the devastating news regarding lay-offs, this week we do have interesting articles related to frac sand.  Also, it was good to see so many states beginning to open up again.  Hopefully there is not a big uptick in coronavirus cases and we can work on restarting the economy.  That might drive some oil demand.
 
Don’t forget that we are still planning to have our Mobile-Mini Frac Sand Mine Forum on July 1 in Houston.  With so many frac sand mines shutting down, the supply chain is once again realigning and new opportunities will emerge.  The cost-saving opportunities related to mini and/or mobile mines will force E&P’s and OFS companies to take a hard look at them as potential solutions.  Position yourself now for success in 2021 and beyond.  Heck, we might even be looking for a “Mask Sponsor”!
 
Stay safe and please let me know if there is anything I can do for you.

This Week's News

Southern Utah’s Best Friends pays $6.3M to buy state land that was proposed for frack sand mining

State-owned land that was proposed for an industrial sand quarry outside Kanab soon will be owned by Best Friends Animal Society under a $6.3 million deal that puts to rest a controversy...

Market Intel Takeaways From The Solaris Conference Call As Wellsite Storage Systems Stack Up

In the company’s press release Thursday evening, Solaris said that activity could decline by 75% to 85% sequentially in the second quarter. This is in line with Infill Thinking predictions for US frac...

In third attempt, Pattison Sand seeks Iowa water for drought-stricken states

Pattison Sand Co. — the northeast Iowa mining company that has proposed sending millions of gallons of water from Iowa to drought-stricken western states — hopes its third attempt at getting state approval...

U.S. Silica Holdings: Turning The Corner

I've been writing so many strategy pieces recently that there hasn't been time to write much on what most of you are interested in - stock picks that can make you some money. So at least for now, we will rectify that...

7 Things Worth Knowing From US Silica’s Frac Sand Market Outlook

A telling photo from the field as well as 7 quick takeaways from US Silica’s conversation this morning…

PropX

U.S. Silica Announces Additional Cost Reduction Actions

The Company has closely monitored industry proppant demand to align costs with market conditions and is taking necessary actions including workforce reductions, 401k match suspension, elimination...

Frac sand industry sheds more than 500 jobs in three weeks

The frac sand industry is feeling the sting of a historic oil bust caused by the coronavirus pandemic. Houston frac sand mine operator U.S. Silica reported Friday a $72.6 million first quarter loss, nearly four times...

Oil price destruction makes its way to Wisconsin's frac sand mines

At least three frac sand mining plants have laid off workers in Wisconsin this month after a crash in oil and gas prices amid sharply reduced demand brought on by the COVID-19 pandemic. The latest...

The Latest: COVID-19 impacting sand mining in Wisconsin

The coronavirus pandemic has had a ripple effect on frack sand mining plants in Wisconsin. At least three plants have shut down this month amid crashing oil and gas prices...

Smart Sand Announces Layoffs

A combination of COVID-19 and a production war in the oil industry that predated the pandemic have taken their toll on the local frac sand industry. Smart Sand Inc. informed the Wisconsin Department...

Spreading the Word Regarding New Career Opportunities

During this particularly difficult time for the oil & gas sector many of our colleagues are looking for new career opportunities. We’d like to help. If your company has opportunities available anywhere...

Timpte

Industrial Accessories Company is Hiring in Engineering and Business Development

Join the Team at IAC! We are currently hiring for positions in our Engineering and Business Development Departments. Read More on our Careers Page and Apply Today...

Key Minerals seeks a qualified regional sales manager

The Regional Sales Manager is responsible for overseeing the daily and long-term sales operations of a company across a specific geographic region. As a Regional Sales Manager, you will often be...

Career Opportunities at Agility Energy

Below is a list of the current openings with our company. Click on the job title to learn more about the opening...

Select Sands Reports Results for Fourth Quarter and Full Year 2019

Select Sands Corp. announces operational and financial results for Q4 and full year 2019, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com...

The Oil & Gas Situation: Bleak in the U.S., Surprisingly Positive in Latin America

So, the situation for the industry in the U.S. is dire, and isn’t likely to improve significantly any time before the third quarter of this year. Interestingly, though, the industry’s prospects in...

Chevron profits rose $1 billion in first quarter capped by oil crash, coronavirus

Chevron’s profits jumped nearly 40 percent in the first quarter, which was largely over before oil prices crashed and the U.S. economy shut down because of the novel coronavirus...

Global Oil Glut Set to Halve in May

The global imbalance between oil supply and demand is set to halve to 13.6 million barrels per day in May. That’s according to a new Rystad Energy analysis, which predicted a further fall to 6.1 million bpd in June...

Proposed Texas oil cuts unlikely to be OK'd, supporter says

A proposal to force oil companies operating in Texas to cut production by 20 percent has been defeated ahead of what was supposed to be a final discussion, a key supporter says. The Railroad Commission of Texas...

Quintana Energy Services and KLX Energy Services agree to merge

A pair of struggling Houston oilfield service companies have merged as they seek to survive an industry downturn created by record-low crude oil prices. Quintana Energy Services and KLX Energy Services reached...

Advertiser Space Available

Oil boomtowns in West Texas are going bust with oil

In Kermit, 50 miles west of Odessa and just south of New Mexico, life often feels like one big weekend in a casino, explains Rodney Hayes, an owner of a flower shop. Thousands of workers flocked to Kermit and...

U.S. Fish and Wildlife Service to Consider Endangered Listing for Dunes Sagebrush Lizard

The U.S. Fish and Wildlife Service agreed today to decide by June 30 whether to consider a proposal to list the dunes sagebrush lizard under the Endangered Species Act. If the petition to list is accepted, the...

Just let there be one more boom; I promise not to blow it

Heard that in 2015 and here we are 5 years later. You can blame China, Russia, the Saudis, etc. However, you should blame yourself. That’s a hard truth to hear. I know. I feel it too. After putting my house on the market...

GATX open to acquiring more railcars

Rail equipment lessor and manufacturer GATX will be eyeing opportunities to acquire additional assets such as railcars as the industry faces uncertain macroeconomics brought about by the COVID-19 pandemic...

Headwinds put pressure on Trinity’s leasing rates

Rates to lease railcars will likely face continued headwinds throughout the year given the drop in railcar loadings, Trinity executives said during the company’s first-quarter earnings call Thursday...

Canadian National Anticipates A Rough May

The worst of the COVID-19 pandemic's effect on freight rail activity is yet to come, said executives during Canadian National Railway Company first-quarter earnings call on April 27...

Frac Sand Weekly News Digest logo

Get relevant announcements and news from major outlets, industry leaders, and local media so you always know what’s happening and changing in the frac sand industry.

Subscribe to get our carefully curated summary of relevant frac sand related news and analysis delivered to your inbox each Wednesday morning.

We keep your data private and share your data only with third parties that make this service possible.

Share Your News

Send us your press releases and any other news articles which you believe would be of interest to our readers. Email submissions to fsdigest@petroleumconnection.com

Advertising

Do you offer goods or services focused on the frac sand supply chain? Advertise in the Frac Sand Weekly News Digest.