Frac Sand Weekly News Digest

2Q20 financial results are out for about 1/3rd of the public US Independent E&P universe that we monitor. Here’s how the E&P capex spending programs are trending vs. plan for the group of fifteen operators that have reported so far.

Houston oil company Castleton Resources entered into a $245 million deal to expand its presence in the natural gas-rich Haynesville Shale of East Texas and northern Louisiana.

In a virtual Wednesday evening hearing, U.S. Bankruptcy Judge Marvin Isgur gave the Tomball company more time to sort out its financial and legal issues and save as many of the jobs of its remaining 1,200 employees as possible.

The Bureau of Land Management published a final environmental review for a large oil and gas project proposed in Converse County on Thursday. If approved, it would clear the way for several energy firms to drill upwards of 5,000 new wells on about 1.5 million acres of land.

Six public pressure pumpers have reported earnings and hosted conference calls over the past week or two.

“Water Resources Development Act of 2020 (WRDA) reauthorization is a critical bill to ensure the Army Corps of Engineers can address vital infrastructure projects that enhance our national waterways; improve ports with additional dredging; protect our shorelines; and strengthen those areas prone to flooding and natural disasters. "

Environmentalists sought protections for decades for the dunes sagebrush lizard, but the U.S. Fish and Wildlife Service (FWS) announced on July 15 that the species would be considered for a listing under the federal Endangered Species Act (ESA).