Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #276 | June 17, 2020

Aside from the big frac sand bankruptcy, it was a pretty quiet news week for frac sand.  That said, the industry is clearly looking toward the future, based on the number of people who registered for the 9th Annual Frac Sand Supply & Logistics Conference in the past week.  More particularly, we have had several sponsors sign up (welcome back Matec America, Kase Conveyors, Tarmac, and Hydrite!), as well as Houston Energy News as a Media Partner and the National Sand Stone and Gravel Association’s Industrial Sand Division as a Supporting Organization.  It’s encouraging to see how many operators, sand companies, and other suppliers are signing up. Looks like we’ll have another great conference.  I hope you can join us!  Learn more and sign up here: https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/

This Week's News

Loaded And Abandoned. Stranded Sand Could Be The Next Big Twist In The Frac Supply Chain Story…

The fine print in the latest frac sand bankruptcy filing is a cautionary tale of hidden frac sand inventory that could weigh on the market when bid activity picks up…

Smart Sand Regains Compliance With Nasdaq Listing Standards

Smart Sand, Inc. announced today that it has received notification from the Nasdaq Stock Market that the Company has regained compliance for continued listing on Nasdaq. On May 14, 2020, the Company was...

Texas Frac Sand Firm Files For Chapter 11 Bankruptcy

Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday stating it has around $500 million of liabilities, according to court documents. The Fort Worth, Texas-based...

Chapter 11 For A Large Private Frac Sand Producer

A large frac sand producer has declared bankruptcy…

Oil rises above $40 on U.S. Fed action, tightening supplies

Brent crude rose above $40 a barrel as broader markets rallied on stimulus from the Federal Reserve and physical supplies continued to look tight. Futures in London rose for a second session. India’s oil minister...

Unlocking the next wave of productivity gains in shale

In mid-2019, North American Shale operators were managing their inventory and development plans around WTI prices that were range bound between $50-$55 per barrel and largely expected to remain...

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The divergence in how oil companies are seeing the future is exemplified by BP’s write down of its exploration assets

BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion shows the accounting impact of its energy transition strategy. It also highlights the huge variation in how...

Chesapeake Energy to file for bankruptcy as soon as this week-sources

Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and gas producer to unravel after an energy market rout caused...

The Latest E&P Bankruptcy Exposes A Big Pumping Payable

This week’s bankruptcy filing shows pressure pumper left holding the bag on a multi-million dollar trade payable equal to 6% of their 1Q20 revenue in the latest E&P restructuring case…

Pandemic brings pain and opportunity for fragile oil giants

The coronavirus has exposed the fragility of some of the world’s biggest oil and gas companies, but also given them the opportunity to make investors swallow some unpleasant remedies. Since the...

Interview with Alex Meleshko of PanXchange on Frac Sand as Commodity

In this episode of the podcast, we have an interview with Alex Meleshko of Frac Sand. Frac Sand is a part of PanXchange, a commodity trading platform. This platform lets traders exchange physical...

Southside San Antonio Residents Succeed In Push to Bring Air Monitor to Area

Months of advocacy by a group of Southside residents have paid off after Texas environmental regulators installed an air quality monitor in an area that’s seen a boom in mining for fracking sand...

Novelty: A Russian Proppant Truck

DesignWise conducted extensive tests on this Russian proppant truck. This truck holds 40 cubic yards of material compared with a gravel truck’s 5 to 7 yards and weights 130,000 pounds fully loaded...

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