Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #288 | September 9, 2020

The lion’s share of the articles from the past week were focused on the Schlumberger-Liberty deal.  We included the best of the articles in this week’s newsletter.  Aside from that, it was a very light news week.  A mine project in Utah appears to have been pulled, and, surprise-surprise, some frac sand assets are for sale.
 
With the Liberty deal, some more shuffling is being done in the frac sad supply chain.  This will be a great opportunity for those who have the right relationships.  Don’t miss a chance to build those relationships at the 9th Annual Frac Sand Supply & Logistics Conference!  Registrations is open!

This Week's News

Uinta Mining pulls open pit mine application

“Uinta Mining LLC has no further need for progress on this project.” No additional reason for the withdrawal was provided...

Shale loses another global giant after Schlumberger’s frack sale

The provider of drilling and oil-production equipment agreed to sell its U.S. and Canadian fracking business to smaller rival Liberty Oilfield Services...

Buyer of Schlumberger frack unit eyes lead over Halliburton

Liberty Oilfield Services, which will become North America’s second-biggest fracking provider with the acquisition of a Schlumberger unit, expects to one day topple Halliburton from the top spot...

PropX

Liberty Oilfield Services: A Brilliant Play For Schlumberger's Assets

The management team at Liberty Oilfield Services just struck a big deal with Schlumberger that should permit it to add significant value to its shareholders moving forward...

Infill Thinking’s Three Part Analysis of the Liberty-Schlumberger Deal

Infill Thinking released a three part in-depth analysis of the Liberty-Schlumberger deal.  The three parts included Part 1: Sand Mine Valuation Thoughts; Part 2: Direct Sourcing, Last Mile, & Wellsite Solution Implications; and Part 3: Profit Center vs. Cost Center? This Deal’s Impact On Pricing + Unanswered Questions...

Marketing to the Frac Sand Industry

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. In these difficult times, industry professionals are keeping a close eye on the news...

Did OPEC+ ease production cuts too soon?

With few signs of a strong surge in demand and a correction in the price of oil, it looks like OPEC+ eased output limits too soon and the price of oil is headed lower, analysts said...

AOGR Article: System Eliminates Frac Sand Drying

Article in the August 2020 American Oil & Gas Reporter by the team at PropX on their solution...

Frac Sand Silos and Load-Out Bundle for Sale

There is a used load-out system available for sale in Texas. The package includes two scales, silo structures, and four 200-ton silos. It is being sold as a package, so please do not inquire about buying a portion of it. Contact Pete Cook (pcook@petroleumconnection.com) for the price and, if you are interested, an introduction to the seller...

Advertiser Space Available

NWS Sand Plants Went On The Auction Block Last Week and the Bids Were Very WEAK

With depressed market conditions and buyers responsible for dismantling and loadout, these plants will go for bargain basement prices with most of the cost coming after the sale for mobilization...

PBPA, advisor: Intent of Endangered Species Act has been lost over time

When the Endangered Species Act was signed into law by then-President Nixon in 1972, its intent was to protect endangered species with the intention of helping them recover and removing them from the list...

OSHA Staff Gets Silica Enforcement Guide

Playbook spells out how to conduct workplace inspections under new rules...

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