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Nick Cook, Editor
Issue #281 | July 22, 2020
The dominoes have started in North American onshore. More bankruptcies and consolidation have been announced in recent days, including some drama in frac sand bankruptcy cases. At the same time, we’re optimistic that these necessary transactions will lead to a smaller, healthier industry.
Thank you to everyone who took our survey last week regarding the 9th Annual Frac Sand Supply & Logistics Conference dates. The overwhelming response was to move it to November. We’ll finalize the changes with the venue and update the website over the next week or so. More to come on that, but mark your calendars for November 16-18, 2020 at the Hyatt Regency Hill Country Resort! We look forward to seeing you there. We will certainly have A LOT to talk about! Have a great rest of the week.
Houston-based Carbo Ceramics Inc. has emerged from Chapter 11 bankruptcy protection after less than four months...
The company already has an agreement in place, and its first day of hearings passed without the emergence of an opposition group...
There are interesting and dramatic new developments in the Vista Proppants And Logistics Ch. 11 bankruptcy proceedings...
Hot on the heels of a liquidation motion put forth by the unsecured creditor committee in the Vista bankruptcy, a similar committee has just formed in the Covia restructuring case...
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”...
An American-owned oil and gas company says its extensive experience with fracking in the United States puts it in a strong position to kickstart an unconventional gas industry in Western Australia's Kimberley region...
Over the past several weeks, Infill Thinking Analyst Plan members have been sent our latest and greatest detailed in-basin frac sand mine databases...
Oil climbed to the highest level since early March in London as hopes for an economic recovery from the coronavirus crisis lifted financial markets. Brent futures rose 2.8% as European...
It may not feel like a full fledged recovery out there yet (and it’s not), but we are starting to see key operators turn their ships in the right direction...
Chevron plans to acquire Noble Energy in a $13 billion deal, the first major consolidation since oil markets crashed and left struggling companies vulnerable to takeover...
It’s on! Halliburton just kicked off what what promises to be an eventful 2Q20 earnings season in the oilfield...
If you're a follower of my free articles, you have to have noticed I am pivoting away from the high dividend payers in the legacy Big Cap, Supermajor- European oil companies, toward well financed...
The Permian Basin rig count suffered it’s SMALLEST weekly loss since March last week – down only one rig. And the weekly declines have registered in the single digits for seven weeks now...
A recent resurgence of COVID-19 in the United States is resurgence is casting a shadow over the upcoming earnings season for publicly traded oil field service companies, according to a research note...
Even as Lower 48 oilfield activity begins to stumble upwards off an unbelievably deep bottom, the industry is still crashing onto the hazardous rocks of a historic financial crisis...
A financial deal that “fell apart on the one-yard line” could bring an end to a 150-year-old Houston-area energy firm and force 1,250 employees out of work, court filings show...
The privately-held pressure pumper filed Chapter 11 on Monday morning in the Southern District of Texas Bankruptcy Court, with estimated liabilities in the $500mm to $1bn range...
Bruin E&P Partners, a Houston oil and gas company backed by private equity firm ArcLight, has filed for bankruptcy protection, another casualty of the coronavirus-driven oil crash...
Research firm IHS Markit Ltd. recently pondered whether current conditions could “create a scenario in which a wave of bankruptcies in service companies leaves North American shale without enough pumpers to do the work at today’s standards"...
U.S. weekly rail traffic is still facing double-digit percentage declines, with carloads once again down by over 20% since the same period in 2019...
The oil and gas industry for decades has provided Americans without a college education a high-paying and stable construction job, paving a path into the middle class...
Prior to the Covid-19 outbreak, one of the largest headlines within the oil and gas industry was its commitment to sustainability and E&P companies improving their ESG Ratings. This topic has continued...
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Phone: 214-984-1615 | 33800 Tyler Road, Walkerton, IN 46574
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