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Nick Cook, Editor
Issue #294 | October 21, 2020
While there are not very many articles this week specifically about frac sand, the articles related to E&P and OFS consolidation and outlook are worth reading. Lots of changes happening, and some positive signs. Please plan on joining us in San Antonio in four weeks as we discuss all these issues and figure out how we can help each other to succeed moving forward. Learn more and register at https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/
And now the news…
Sand Revolution has deployed their new and improved wellsite storage solution, the “SuperPac”, in the Midland Basin where the system made its debut last week...
A group claiming to be the lagest proppant manufacturer in China opened their plant this week, claiming an annual production capacity of 1.2 million metric tons...
Covia filed a 269-page disclosure statement in their bankruptcy proceedings on October 14, 2020...
In collaboration with Chief Oil & Gas, Universal Pressure Pumping on Spread 119 was able to achieve the Chief Oil & Gas milestones; once again, delivering Tier 1 results in safety and operations...
Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged to sell silica mining and processing assets and plant equipment located in Arcadia, Wisconsin on behalf of Wisconsin Bank & Trust as secured lender...
Advancing frac sand mining technology, combined with a worldwide plunge in crude oil prices, will mean a difficult future for Superior Silica Sands, which once operated three plants and five mines in Barron County...
The Iowa chapter of an environmental advocacy organization is voicing its opposition to a Clayton County company’s plan to pump millions of gallons of Iowa water to drought-affected western states...
What can we expect through the rest of the year and on into 2021...
The US land rig count had one of its best weeks of the year this week for change, adding 13 rigs (best week since January). Interestingly, the gains didn’t come from the typical places (unconventional Permian rig...
North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online...
Should you register for the largest frac sand conference of the year? Will anyone be there? Will my company allow me to go? Will it be safe? These are all legitimate questions being faced by the frac sand industry...
The pandemic economy has turned that upside down, radically reshaping demand as different parts of the energy system recover at different speeds. Fear of the virus has persuaded millions of drivers to forgo...
Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers...
Halliburton’s 3Q20 conference call on Monday contained some interesting observations and outlook talking points in the depressed Lower 48 pressure pumping market...
Schlumberger kicked off 3Q20 earnings season in the oilfield marketplace. Schlumberger’s earnings release reiterated that their planned divestiture of the US frac business to Liberty is on track to close this quarter...
ConocoPhillips plans to acquire Concho Resources in an all stock deal valued at $9.7 billion, creating the largest independent oil and gas company nationally...
After a deal flow pause in the wake of the Covid- and OPEC price war-induced downturn in US tight oil, the structurally-driven E&P consolidation trend is heating up again. In fact, it feels like the deal makers are hitting high gear now...
There is no more dramatic sign of the U.S. shale industry’s fall from grace than one of the best in the business being sold off for less than a third of its peak value...
In this post, Enno Peters analyzes the latest developments in the major US tight oil basins, including the Permian, Williston, Eagle Ford and the DJ-Niobrara...
Oil prices appear to be waiting for the presidential election before making any major moves, with prices falling due to rising Libyan oil production before climbing on positive news out of China...
“Approximately 1.4 MMlb (635,029 kg) of proppant was delivered into the target interval in a single nonstop pumping operation that took only 32 hours. BHGE officials report that no tool movement was...
How USGS Oil and Gas Assessments Incorporate Water Estimates: The Eagle Ford Group Assessment...
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