Nick Cook, Editor
Issue #274 | June 3, 2020
This week there are a handful of articles, primarily looking back at the impact of the coronavirus and the drop in oil demand. That said, we have indications that the frac sand world is looking ahead. In additional to inquiries about buying & selling equipment, we had several companies sign up as sponsors for the 9th Annual Frac Sand Supply & Logistics Conference (as well as verbal commitments from a couple more!).
Regarding the Frac Sand Supply & Logistics Conference… we thought we’d try something new this year in regards to the Golf Outing. Instead of holding the outing the day before the conference kicks off, we have decided to hold it after the conference closes. Some of the benefits to doing so include:
Golf is only $195 for a round, but you do have to be registered as a conference attendee (or sponsor) to be able to sign up for golf. Check out the conference website to register or learn more about sponsorships here: https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/
Mid-September seems like it will be the perfect time to get back out and network. Economies will be open, North American onshore and frac sand will be coming back to life, deals will be done, and the venue and weather should be ideal. Mark your calendars and let’s get back to business! https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/
Anyone else glad May 2020 is history? The way things are starting off in June 2020, it looks like we’ll be celebrating it’s end as well. That being said, the turn of the month is accompanied by a welcome tone shift...
Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by OPEC+ while physical markets showed renewed signs of tightness. Futures in New York rose around...
Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand. Two dozen or more...
The Petroleum Connection has announced that the Mobile Mini Frac Sand Mine Forum will be merged into the 9th Annual Frac Sand Supply & Logistics Conference. The Mobile-Mini Mine Forum was originally scheduled...
Shale E&P and service are tough businesses in the best of times. Even absent any disruptive outside forces, there are always pressing technical and business problems to solve – problems that require capital...
The latest, quarterly release of IHS Markit's ProppantIQ report provides detailed perspective into the many aspects leading up to, and through, the unforeseen and unprecedented events that created historic...
If you have some used dryers and screeners available, please contact Pete Cook ([email protected]) to learn more about some opportunities to dispose of those assets. Along...
We estimate the active frac fleet count across the two big Texas oil plays has fallen from up near X crews in 1Q20 down to only about X active fleets today. This is now old news, but it still takes our breath away...
A Northeast Iowa mining company’s request for a permit to draw millions of gallons of water from Iowa’s Jordan Aquifer to export to western states will be denied after the company couldn’t say why the project...
Wayfinder Corp. is recruiting for a Controller who will be responsible for directing and managing the financial, tax, and treasury matters of the company. The successful candidate will be confident in...
From peak to trough, last cycle’s X% rig count in South Texas decline took X months. This cycle, a X% drilling decline has played out in just X months….
See below for the total employee-hours reported to MSHA for frac sand operations in selected sand producing regions relative to the WTI oil price. Data for first quarter 2020, 19 sand facilities reported...
The Petroleum Connection has announced that the Golf Outing at the 9th Annual Frac Sand Supply & Logistics Conference has been moved to the afternoon of Friday, September 18. With a...
1Q20 earnings season will go down as one of the most unusual and uncertain public company reporting periods in our lifetime. Adding to the surreal nature of withdrawn guidance and uncertain...
FreightWeekSTL continued on May 19 with an engaging panel discussion featuring the directors of four ports in the bi-state St. Louis region and Kansas City, Mo., who enthusiastically...
One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic. Volumes rose 4% at Canadian National Railway Co. in the last week of May as manufacturing...
Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the COVID-19 pandemic rips into a sector that serves as...
Fort Worth oil-field service company Basic Energy Services is shuffling executives and consolidating operations in a move that it says will save $20 million a year. Basic's existing five regions will become 3, with...
Midland oilfield service company ProPetro plans to exercise a contract clause that obliges Irving oil company Pioneer Natural Resources to pay millions of dollars in fees for idling hydraulic fracturing fleets...
So, what exactly are we talking about when we use the term “Solids Management” with regards to the oil & gas production? Whilst the majority of solids present in oil and gas facilities do originate...
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