Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #292 | October 7, 2020

Right now there seem to be more questions than answers in the frac sand world.  Our team is working diligently to assemble an agenda and a lineup of experts to address many of those questions at the Frac Sand Supply & Logistics Conference.  With so much uncertainty, this could be the most important frac sand conference you ever attend.  The frac sand industry of the future is going to be smaller, and the partnerships and deals that enable companies to be a part of that future are being made now.
 
The conference will include masks, social distancing, and the other safety precautions to which we are all getting used.  We recognize that some corporate policies prohibit employees from attending in-person events.  We disagree with those blanket policies and we believe it is high time people had a choice to get out and to safely get back together.
 
In addition, because important business partnerships depend on mutual trust, we believe that meeting face-to-face is vital.  That is why we are not planning on livestreaming this conference.   To our peers in Canada, Argentina, and elsewhere, I am sorry you will not be able to join us this year.  We look forward to seeing you again soon. To those of you stateside, we look forward to seeing you next month in San Antonio!
 
And now the news…

This Week's News

One-on-One with Ron Gusek, President of Liberty Oilfield Services

The Petroleum Connection is pleased to announce that Ron Gusek, President of Liberty Oilfield Services, will be joining the agenda of the 9th Annual Frac Sand Supply & Logistics Conference! A new feature of the conference will be a handful of short, one-on-one interviews with industry leaders. These 15-minute segments will be a great addition to an already strong agenda...

Oil rises after biggest surge since May on stimulus optimism

Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as Hurricane Delta heads for the Gulf of Mexico...

Haynesville Strength Spotlight After Industry Talk Of An Uptick

Talk amongst our Haynesville friends about Louisiana fracs picking up a little steam over the past several weeks inspired this week’s rig count update...

Solaris Oilfield Infrastructure Named One of Houston's top 5 fastest-growing middle market companies for 2020

Houston Business Journal announces their top 5 fast-growing middle market companies, including Solaris Oilfield Infrastructure...

PropX

Draft Agenda Announced for the 9th Annual Frac Sand Supply & Logistics Conference

The Petroleum Connection has published the draft agenda for the largest frac sand conference of the year. With so much happening in the industry, the industry has much to discuss! Those in the frac sand industry should do their best to attend this event...

Covia creditors look to bring fraud claims amid frac-sand supplier's bankruptcy

Junior creditors of frac-sand supplier Covia Holdings are looking to pursue fraud claims against the company’s current and former officers, shareholders and lenders stemming from the 2018 merger that the creditors say was the cause of Covia’s bankruptcy...

Bankruptcy In July Won’t Stop A Pumper From Rolling Out A New Frac Fleet By December…

Some things never change, and the persistent propensity to overbuild in the frac industry at large will outlive this Chapter 11 era. Twice last week, we saw evidence of this – specifically, two bankrupt companies in...

Bankruptcy Bulletin – Summary Of Notable Developments In New And Old Cases In The Oilpatch…

In this update, we start with the new bankruptcies of the week before covering notable developments in several ongoing cases in the frac sand space...

The One Chart That Says It All About US Frac Sand Supply/Demand

What a wild crazy insane ride the past five years have been in frac sand. This chart pretty much sums it up folks...

Gordon Brothers to Sell Assets of CSI Sands (Wisconsin) Ltd.

Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged to sell the assets and plant equipment of CSI Sands Ltd, located in Arcadia, WI on behalf of the secured...

Where To Next For Frac Sand? Will The Industry Ever Be Able To Extract Itself From This Mess?

The frac sand business finds itself between a rock and hard place these days. The rock is extreme excess capacity and the hard place is cyclically soft demand...

Chevron completes $13B acquisition of Noble Energy

Chevron officially acquired Houston-based Noble Energy on Monday but didn’t disclose how many jobs in the area would be lost to the consolidation...

Advertiser Space Available

LaPrairie acquires Entrec subsidiaries

LaPrairie, a full-service crane and rigging, highway and bridge maintenance, frac sand mining and distribution company servicing Canada and the North East U.S.,  acquired Entrec Alberta and Capstan Hauling...

PFS Aggregates (Permian Frac Sand LLC) finds ways to remain open even during the Pandemic

In spite of the toll the COVID-19 pandemic has taken on the businesses, Permian Frac Sand LLC is constantly producing and providing sand of all grades for Industrial and Frac use and looking forward...

Survey shows growing support for southeast New Mexico's key industries, ranching tops list

Several of southeast New Mexico’s leading industries were some of the state’s most trusted among consumers, per an annual statewide survey released this month.  Oil and gas, agriculture and national...

In Other News… Water Midstream Deals, 2021 E&P Capex Anxiety, Last Mile Contests & A Big Win? Hat Tip To One Of Our Own, & More…

In addition to the in-depth updates published during another interesting week in the frac life, these quick hits also crossed our desk and are worthy of a mention…

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