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Nick Cook, Editor
Issue #271 | May 13, 2020
Maybe journalists got sick of writing bad news. Maybe state economies opening up have gotten people looking ahead. I don’t know exactly why, but in the past week we have had several positive articles about the future of North American shale. We also have some very interesting industry articles this week. The 2-part Infill Thinking story about Sand Revolution v. Covia is interesting. Nomad Proppants participated in a investment pitch program. Westwood Energy hosted an excellent webinar on frac sand (I believe you can watch the recorded version if you register), in which there are also some positive notes. On top of the news, we had several inquiries about our July 1 event, our September conference, and even our 2021 events. It seems like we’re emerging from the rubble and realizing we’re still alive…and that we should probably get back to work. I hope that is the case and that we’re on the road to recovery. Enjoy the read…
A last mile logistics firm has asked the court system to declare a leading frac sand producer insolvent, which would nullify a big service contract. In the legal process, some interesting market data is coming to light…
Yesterday we summarized the plaintiff’s arguments, which have market implications in the last mile. Today we cover the defendant’s response…
Rice Alliance for Technology and Entrepreneurship's annual Energy Tech Venture Day is usually hosted as a part of the Offshore Technology Conference that takes over NRG Center each May...
Who is still fracing and completing wells? Learn where frac sand demand and horsepower demand are moving as the market changes.. This webinar was presented during a Westwood webinar session on Friday...
This looked interesting, but I am not sure if a recorded version of it will be made available.
It’s Tuesday May 12, 2020 and from our desk to yours, here is a roundup of noteworthy downturn datapoints that advance the oilfield business narrative as the bottom approaches...
As the global Oil & Gas Industry faces unprecedented market conditions, challenges pile up in Argentina. Besides the plunge in crude oil price, dragged by the nose-dive in demand, local industry faces...
The steep fall in hydraulic fracturing and completions activities will set Solaris Oilfield Infrastructure's proppant and chemical systems performance tumbling in Q2. Its proppant management system...
U.S. Silica Holdings, Inc. today announced that its Board of Directors has elected to suspend the Company's quarterly cash dividend of $0.02 per common share until further notice...
Our IndustryVoice article gave you some insights about the top four factors to consider when you’re selecting a frac sand supplier, but there are two more factors we think you’ll want to consider...
A whole slate of new bad behaviors by China’s repressive regime have been laid bare by the COVID-19 crisis. There were already plenty of complaints before the pandemic began, but the coronavirus seems to be...
Peru, Mexico, Bolivia, Ecuador, the Democratic Republic of Congo and South Africa are among major mining nations to order mine closures as part of countrywide lockdowns designed to protect...
Three years ago, companies selling frack sand to oil producers were booming, opening multi-million dollar mines, buying rivals and selling shares in what was the hottest niche in oilfield services...
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s...
Shale driller Continental Resources Inc. expects an imminent recovery in crude prices even as it undertakes some of the most aggressive production cuts in an industry crippled by tumbling oil prices...
Oil-field service company Weatherford International is back in the red just a few months after emerging from bankruptcy. Weatherford lost $966 million in the first three months of 2020, doubling the...
The sharp fall in the U.S. rig count and loss of demand for fracking activities in the U.S. unconventional shales has forced Liberty Oilfield Services to reduce staffed frac fleet considerably...
If you’re a fan of oil, and I expect you are seeing as how you’re reading articles on OilPrice, get ready for a positive forecast about oil prices moving higher. You’re going to like the direction this article takes...
The Permian Basin rig count is down 50% from March, with little variance in the percentage decline between the Midland and Delaware Basins. But the downtrend does vary county by county…
The great oil glut of 2020 may have already peaked in the world’s biggest crude importer. Crude inventories in China have shrunk in recent weeks after rising to record levels, according...
Oil prices are poised for a second weekly gain in a row despite the harrowing jobs report released on Friday morning...
The question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current cost structure, which generally requires...
Union Pacific’s Energy Freight segment, which consists of the transportation of coal, crude oil, sand, and petroleum products, has seen revenues shrink from $4.5 billion in 2017 to $3.8 billion in 2019...
Norfolk Southern’s Intermodal Freight segment, which refers to the shipment of containers that can be moved from one form of transport to another, has seen revenues grow from $2.5 billion in...
Trinity Industries announced first-quarter 2020 total company revenues of $615.2 million; quarterly earnings from continuing operations per common diluted share of $1.33, an increase...
Kleeman, a 20-year-old mechanical-engineering major, had an internship lined up in the drilling group of a publicly traded crude producer. She was hoping it would translate into a full-time...
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