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Nick Cook, Editor
Issue #286 | August 26, 2020
A mixed bag of good news, bad news, and news in this week’s Frac Sand News Digest. Does that mean we are returning to normal? Let’s hope so.
For those ready to just get outside and do some networking with oil & gas people, Oilfield Water Connection is hosting a Golf Outing in Grapevine, Texas on September 24. It is not sold out yet, but it certainly will sell out well ahead of time. You can check it out here: https://oilfieldwater.com/2020-golf-outing/
Enjoy this week’s news digest!
NRG Proppants Selects IAC for its First Frac Sand Dry Plant Contract in Argentina...
While local mines were built in the Haynesville Shale during the local sand rush, it never experienced the giant construction boom that the Big 3 oil basins did. And while it’s been a tough year or two...
Appellee SP Silica Sales sued appellant Keane Frac for breach of contract, fraud and fraudulent inducement arising out of an agreement to purchase frac sand...
SP Silica Sales LLC sued Keane Frac LP for breach of contract, fraud, and fraudulent inducement over a contract to purchase sand...
Companies merged to form a provider of well flow and sand management and pressure control solutions in the Permian, DJ, Eagle Ford, and Haynesville...
The judge in the Vista Proppants & Logistics bankruptcy case approved their amended Chapter 11 restructuring plan disclosure statement and set a confirmation hearing for September...
AMI announces that it has received conditional approval from the TSX Venture Exchange for an Employee Share Purchase Plan with employees, management and directors of AMI...
Pattison Sand has notified the state that it plans to sell water it normally pumps from its mining operation in northeast Iowa to drought-stricken states in the western U.S...
Finally! As I’m sure everyone knows by now, rig count had a nice uptick last week. This was the first weekly increase in US drilling activity since “the world stopped spinning” back in March...
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 up to the conference, you might consider putting a banner ad in the Frac Sand Weekly News Digest...
Rystad Energy: In a scenario with WTI continuing to hover around $40 over the next two years, we can expect another 68 Chapter 11 filings from E&Ps in 2021, and 57 more in 2022, adding $58 billion and $44 billion, respectively, of more debt at risk...
The commodity price downturn during the coronavirus pandemic battered demand for company’s services...
Every downcycle drives a couple firms bankrupt. This time the scale of the bankruptcy event is different to the point where it will redefine the service sector’s competitive landscape with long-run implications for the supply chains of customers too...
After releasing the above thought piece on the implications of mass bankruptcy for the oilfield’s future service and supply chain sector, we figured it’d be a good idea to put out a companion piece that quantifies the restructuring trend...
After abruptly closing the former Unimin silica sand mine in Kasota late last year, the parent company, Covia, has filed for bankruptcy protection, leaving uncertainty about the future of prairie that was preserved after a long battle with local activists nearly four decades ago...
NFL Hall of Famer Jerome Bettis is suing EQT Corp. for racial discrimination after the largest U.S. natural gas producer terminated a contract with his trucking company. EQT said the suit is “entirely without merit and contains a number of false statements.” Contracts with non-minority owned businesses have also been terminated “as part of a program to drive efficiencies and accountability,” the driller said by email...
Talent draining out of the oilfield is likely to be a major theme over the next 6-12 months given the extent of layoffs and lack of hiring activity in this sector...
If you can figure out his stance, that is...
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Event Registration – $25