Frac Sand Weekly News Digest

Pete 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…

This Week's News

New Last Mile Gear Goes Live In The Permian Basin

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...

The Largest Proppant Plant in China Opens

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...

Analyzing Covia’s Latest Financial Projections

Covia filed a 269-page disclosure statement in their bankruptcy proceedings on October 14, 2020...

Universal and Chief Oil & Gas Averages 3.82 million pounds of proppant per day

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 to Sell Mining Assets in Arcadia, WI

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...

Winter chill settles over Superior Silica Sand; Barron office building for sale

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...

Environmental organization opposes Pattison Sand's request to ship water

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...

Is U.S. Shale Finally Bouncing Back?

What can we expect through the rest of the year and on into 2021...

In The Best Week For US Drilling Since January 2020, The Gains Came From Some Surprising Places

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 oil production swells as wells go back online

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...

PropX

Attend or Not Attend the Frac Sand Supply & Logistics Conference?

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...

Oil’s three-speed recovery has turned industry upside down

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...

World’s biggest fracker sees signs of rebirth as slump ebbs

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 Lower 48 Frac Outlook

Halliburton’s 3Q20 conference call on Monday contained some interesting observations and outlook talking points in the depressed Lower 48 pressure pumping market...

One Last Quarter Where Schlumberger’s Earnings Report Still Matters To The US Frac 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...

Conoco's $9.7B deal for Concho will create shale giant

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...

Advertiser Space Available

E&P Consolidation Trend Kicking Into High Gear? Big Operator Rollups Left & Right Since July….

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...

Cut-price deals show shale’s rapid decline from debt-fueled boom

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...

The 4 major US tight oil basins October 2020 update

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 Holds Its Breath As Presidential Election Approaches

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...

Offshore industry advances array of new completion technologies

“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...

Mixing Oil and Water

How USGS Oil and Gas Assessments Incorporate Water Estimates: The Eagle Ford Group Assessment...

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