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Nick Cook, Editor
Issue #282 | July 29, 2020
Lots of interesting information in today’s newsletter! Please note the change in the dates of the 9th Annual Frac Sand Supply & Logistics Conference! We’ll be holding the event November 16-18, 2020 at the Hyatt Regency Hill Country Resort (a new site for us!). We have several new features at the conference this year, so be sure to mark your calendars and plan on joining us.
Last week we had the best-attended webinar in our Frac Sand Webinar Series. The focus was on how to approach the sale or purchase of frac sand equipment/assets. We’ll be adding a feature related to that to the November conference, so keep an eye out for more information on that over the next few weeks.
Again, lots of information (and great analysis) in this newsletter, so grab a cup of coffee, turn off the phone, close the office door, and take some time to read through it. Have a great rest of the week!
The Petroleum Connection has announced that the dates of the 9th Annual Frac Sand Supply & Logistics Conference have changed.
There are 125,000 frac sand cars deployed in the industry, with 55-60,000 of those cars now in storage per Trinity’s estimates...
Company sees opportunistic buyers in “down market” for railcar leasing...
Covia’s Chapter 11 filing on June 29, 2020 disclosed that they planned to reject leases and abandon at least 7,000 railcars. GATX says not so fast…
A recording of last week’s webinar on “Frac Sand Asset Acquisitions & Dispositions” is now available to watch for free...
A Calgary-based company is looking to create a multi-million-dollar silica sand facility in the Rural Municipality of Springfield, but residents worry it will negatively impact their water...
Some may be surprised that fracking dates back to at least the 1860s. But, it wasn’t until the 1940s that the practice of hydraulic fracturing actually began as an experiment, followed by the first commercially successful application in 1950...
Do you have goods or services to sell to the frac sand industry? If you would rather not wait until the November conference to get in front of the industry, or if you would like to do an advertising campaign leading...
In bankruptcy proceedings for the Vista Proppant and Logistics Chapter 11 case this week, several interesting new filings caught our attention...
See the video at 25 minutes for the answer..
Free for members of the research consortium...
Frac sand prices fell as the effects of low oil prices due to the Covid-19 epidemic slows the pace of sales to a crawl in the US...
For the first week since March 13, the Permian rig count posted a gain on Friday July 24, 2020!
Oil was propped up by a weaker dollar and stronger U.S. equities with speculation growing around the Federal Reserve reinforcing its dovish message...
Weatherford International has been awarded an exclusive two-year, $15M contract with a major independent operator in Argentina...
Over the past couple of days, we heard from the management teams of Patterson-UTI, Schlumberger, and Core Lab...
Baker Hughes is making structural changes to account for continued oil demand disruption after the coronavirus crippled economic activity around the world and compounded an historic oil bust...
For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a staggering 22mbbpd of oversupply in April as OECD economies headed...
A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day curtailed since April...
The railroad views ‘solid’ peak season, barring any major pandemic effects...
Cost-cutting measures helped Houston oil-field equipment maker National Oilwell Varco narrow losses despite the coronavirus pandemic continuing to sting the oil and gas industry...
Shareholders of two struggling Houston oil-field services companies approved a merger that proponents say will help the combined company survive the oil industry downturn...
Rosehill Resources, a Houston oil and gas producer active in the Permian Basin, has joined a growing number of energy companies filing for bankruptcy, another casualty of the coronavirus-driven oil crash...
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...
Houston-area bankruptcy courts recorded one business filing during the week that ended July 17, 2020, and four during the week that ended July 10. Year to date through July 17, 2020, the court...
Houston oil-field services company Baker Hughes lost $201 million in the second quarter as it faced the worst of the ongoing industry downturn caused by the coronavirus pandemic...
After surging and peaking in April and May, WARN layoff notices in the Texas energy sector declined quite a bit from May through July...
The German lender is cutting ties with fracking projects in countries with scarce water supply, and aims to end business activities in coal mining by 2025...
One of the key sources of funding for American shale is evaporating, just as the the sector needs it more than ever...
A British fracking company has vowed to challenge the effective ban on shale gas projects after withdrawing its application for two wells in Lancashire...
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