Frac Sand Weekly News Digest

Pete 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:

  • In the past, exhibit booth set up conflicted with the Golf Outing, so some of our sponsors were unable to golf because they were busy setting up their booths.
  • Golfing can be relaxing, but it can also wipe you out (out in the sun for 5 hours!). We would rather not have conference attendees start off their event experience being sun-burned and dehydrated!
  • With the conference over, golfers will be able to relax a bit more and enjoy their time with their foursome.
  • We’ll be able to do some additional networking, with a golfers-only reception after we play our round. Previously we were unable to have a reception just for the golfers because we already had our Speaker-Sponsor Reception scheduled for the evening before the conference. We’ll still have the Speaker-Sponsor Reception (on the evening of September 16), plus a golfer reception on the evening of the 18th.
  • Golfers (and others!) can extend their stay at the resort by staying Friday night and perhaps through the weekend! We’d strongly recommend you bring your families out for the conference, or at least for the weekend. It’s a great venue and we have a reduced room rate you can use!

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/

This Week's News

Reopening Rumblings Are Growing Louder In The US Onshore Oilfield

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 rises with producers favoring one-month cuts extension

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...

Tankers queuing off Chinese coast proof of rapid rebound

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...

Mobile-Mini Frac Sand Mine Forum Merges with the Frac Sand Supply & Logistics Conference

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...

The US Oilfield Is Losing Focus On Pre-Existing Conditions. And It Can’t Afford To.

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...

Coronavirus (COVID-19) added insult to the already injured frac sand market just as suppliers were taking small, measured steps toward rebalancing

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...

Advertiser Space Available

Frac Sand Dryers and Screeners Needed. Mobile and Mini Plants Available

If you have some used dryers and screeners available, please contact Pete Cook (pcook@petroleumconnection.com) to learn more about some opportunities to dispose of those assets. Along...

As The Texas Frac Fleet Sinks, Local Sand Capacity Rapidly Goes Offline

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...

Iowa DNR to Deny Pattison Sand’s Permit Application to Export Water to Western States

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 is Recruiting a Controller

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...

Eagle Ford Drilling Demand Blows Through Prior Cycle Lows In A Fraction Of The Time

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….

Graph of Total Employee-Hours Reported to MSHA for Frac Sand Operations In Select Areas Relative to WTI in 2020 Q1

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...

Golf Outing Moved to Friday Afternoon at the 9th Annual Frac Sand Supply & Logistics Conference

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...

Pandemic Opacity: The Names Missing From 1Q20 Earnings Season Roll Call Share A Common Trait

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...

Port Collaboration Is Key To Growing Business On Inland Waterways

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...

Rise in Rail Shipments A Sign of Rebound in Canada

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...

CN Rail feeling slowdown

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...

Basic Energy Services shuffles executives, consolidates operations to survive

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 company to invoke idled frac fleet fees on Pioneer Natural Resources

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...

A Discussion on Solids Management in Oil & Gas Production Systems

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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