Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #279 | July 8, 2020

Apparently even shale industry news goes boom & bust.  After having so many major articles in last week’s newsletter, this week there are only a handful of articles.  Fortunately, we had several newsworthy blog posts over the past week, so we’re able to include those.

This Week's News

Remarkable Rystad Energy Report on the “Effect of Sand Type on Well Productivity”

With all of the bankruptcy news, a recent report has received little fanfare in the frac sand industry, but I think the report is worth noticing.

Q1 2020 Frac Sand Industry Financials: the Day of Reckoning has Finally Arrived

Joel Schneyer of Capstone Headwaters posts details from the bankruptcies of Vista Proppants and Logistics, Hi-Crush, and Covia...

A Boost At The Bottom – PPP Money Flowed Mightily Into The Frac Supply Chain As Crews Fell (Chart Of The Day)

Clearly, based on the following table, the PPP loan program provided a material source of capital for many smaller firms in the US oilfield at the cyclical bottom, specifically those in the often ignored frac supply chain. Good!

Agenda and Focus for the Frac Sand Supply & Logistics Conference (and for the Industry!)

A few weeks ago the draft agenda for the 9th Annual Frac Sand Supply & Logistics Conference was essentially done.  However, the frac sand industry is going through a major adjustment right now and we have decided to adjust the agenda to match it...

Permian Basin Reclaims Status as Top Destination for Frac Crews

It was a one-month reign for the Marcellus Basin of Pennsylvania.

Webinar Announcement: Frac Sand Asset Acquisition and Disposition

The Petroleum Connection is pleased to announce a new webinar.  Join us at 12pm Central time on Thursday, July 23rd as we discuss “Frac Sand Asset Acquisition and Disposition”...

Advertiser Space Available

VRX Silica sells Non-Core Nickel and Gold Asset as it Continues Focus to Become Global High-Quality Silica Sand Producer

The move will enable the company to focus on its silica sand projects while still participating in any future exploration success...

Golf Outing 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...

Frac Sand to the Rescue in the Race for COVID-19 Vaccine? (Updated)

Several recent articles regarding the work being done to find a vaccine for COVID-19 have references to a potential bottleneck being a shortage in silica sand, which is used to make medical vials.  Um, I think I know where we can find an abundance of silica sand just sitting there waiting to be used…how about your local frac sand mine!

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 the same lines, if you are in the market for dryers, screeners, mobile processing units, mini plants, and other equipment, please contact Pete for introductions to sellers.

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