Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #277 | June 24, 2020

This week’s newsletter has a limited number of articles, but they are all pretty interesting.  Some very positive announcements, as well as some tougher news as the industry works through this downturn and turns its attention to long-term success.  We’ve been hearing some rumors of additional projects (mine upgrades, modifications, and some in-basin mini-mine projects), so we’re very much looking forward to hearing the latest at the 9th Annual Frac Sand Supply & Logistics Conference (https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/).  I hope you can join us!
 

This Week's News

Source Energy Services Announces Contract Extension with Shell Canada Limited

Source Energy Services Ltd. is pleased to announce that it has extended and expanded its contract with Shell Canada Limited. Under the revised agreement, Source will continue to provide Northern White...

NEW RECORD: Pronghorn is proud to announce a new company and, to our knowledge, US record for proppant delivered to a location in a single day.

In a 24 hour period spanning across June 14th and 15th Pronghorn supplied 11.6 mm lbs of proppant to an E&Ps wellsite in the Powder River Basin without incurring NPT. Congratulations to our...

Back To Ops Basics… With A New Record Achieved In Frac Sand Last Mile Logistics This Week

In this time of business turmoil, operational issues can seem like an afterthought. In a piece several weeks ago, we presented data showing how the pandemic and oil price crash have distracted industry leaders...

Frac Sand Today, Frac Sand of Yesterday and New Mexico Steps Back

Zach Ellis, Commercial Credit Group, discusses diversification in industry. Ellis gives a reports from the road about a frac sand hauler having to diversify his business into other areas. “I was in the Permian last week...

Vista Proppants & Logistics files for bankruptcy, furloughs majority of employees

Vista Proppants and Logistics, LLC is a supplier of frac sand, a product which has waned in demand as market volatility brought on by the COVID-19 pandemic and a power struggle between Saudi...

Carbo Ceramics gets court approval for bankruptcy plan

The company will hand over complete ownership to a subset of its creditors...

Surviving Together

Eric Barton probably needs no introduction among Infill Thinking’s readership. He is a well-known frac sand sourcing veteran who has spent close to a decade in supply chain and procurement roles for...

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Oil Markets Have Finally Found Stability

As America reopens, it seems oil prices have finally found some stability despite growing fears of a looming second coronavirus wave...

Oil crosses $40 milestone, but not out of the woods yet

Oil closed above $40 a barrel Monday for the first time in more than three months, providing another sign of optimism as Houston’s energy-dependent economy tries to claw its way back from the coronavirus-driven...

The turnaround: From negative oil prices to a bull market

Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market...

Extraction Oil Gets Nod To Tap $125M In Ch. 11 Financing

Colorado energy driller Extraction Oil and Gas received permission Tuesday from a Delaware judge to tap into a $125 million Chapter 11 loan as it pursues a restructuring in the aftermath of the...

Another top executive departing Weatherford

A leadership shakeup continues at troubled oil-field services company Weatherford International, where the chief financial officer announced his resignation and an interim CEO was named. Weatherford...

US DOT grants benefit handful of freight rail projects

New highway grade crossings affecting BNSF and funding for improvements at the ports of Tulsa, Tampa and Houston are among the projects that have been awarded funding from the U.S. Department...

NWRA Names Darrell K. Smith as New President and CEO

The National Waste & Recycling Association has appointed Dr. Darrell K. Smith as its new president and CEO. The NWRA’s board of trustees announced Smith’s selection after an extensive search...

Cryptocurrency mining company eyes flared gas in Permian Basin

Chicago cryptocurrency mining company EZ Blockchain is eyeing the large volumes of wasted natural gas being burned in the Permian Basin of West Texas as a potential source of power for portable servers to...

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