Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #295 | October 28, 2020

There is a lot of information in today’s news digest.  There are not a lot of articles about frac sand specifically (though there are some), but several articles will have an impact on the frac sand industry.  Shale consolidation is in full swing, which means supply chain changes and consolidation for frac sand.  Lots of moving parts.  Stay up to speed and join us at the 9th Annual Frac Sand Supply & Logistics Conference in San Antonio on November 17 & 18.  Check out the strong agenda and speaker line up HERE!  We look forward to seeing you there!

And now, the news…

This Week's News

BIG Change Arrives In A BIG Frac Supply Chain?

Infill Thinking conversations with multiple industry sources this week have uncovered meaningful change occurring in supply chain management at the largest pressure pumper...

Is OFS Consolidation About to Take Off?

One of Rigzone’s regular market-watchers contends that oilfield services will likely garner more attention within the realm of M&A. Read on for his reasoning, along with additional views on what to watch this week in the oil and gas markets...

Canada's Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers

Cenovus Energy has agreed to buy rival Husky Energy in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate...

Contango to acquire Mid-Con in sign of accelerating energy consolidation

Contango Oil and Gas Co. plans to acquire Mid-Con Energy Partners in an all-stock deal valued at $154.8 million including debt...

ConocoPhillips Doubles Down On The Permian Basin And Fracking With Concho Acquisition

As anticipated, ConocoPhillips COP -0.4% announced Monday morning that it has agreed to a deal to acquire big independent Permian Basin producer Concho Resources in an all-stock transaction valued at $9.7 billion...

In Other News… Merger Monday, Permian Weather, Nat Gas Bull Rush, Hydrogen Hype, & HAL “Dips A Toenail” In Renewables…

In addition to the in-depth updates published so far during this week in the frac life, these quick hits also crossed the Infill Thinking desk and are worthy of a mention…

Golf Anyone?

The Petroleum Connection is pleased to open up to anyone in the industry the option to participate in our informal Golf Outing, being held at the close of the 9th Annual Frac Sand Supply & Logistics Conference. The conference will adjourn at noon on Wednesday, November 18. The Golf Outing will have a shotgun start at 2pm that same afternoon.

PropX

US fracking sector sees signs of recovery

There are signs of recovery in the US fracking market, after the 2020 crash, according to Halliburton...

Modest increase gives rig count its 6th-straight gain

The U.S. rig count rose slightly this past week, the sixth-straight gain, in another sign of the industry's growing stability...

U.S. oil producers bet on $42 oil prices in 2021

U.S. oil producers are betting that crude prices will stay low well into next year, hedging some of their production at around $40 a barrel in 2021...

Oil near $39 with U.S. storm brewing but bearish factors growing

Oil clawed back some losses in New York as Tropical Storm Zeta shut down production in the Gulf of Mexico...

Universal Pressure Pumping’s Frac Outlook

Patterson-UTI hosted their earnings call and provided an update on the state of the frac business. Here are the key market datapoints...

Partial Anaconda cleanup plan lodged with federal court, still hopes to develop proppant plant

The EPA announced Thursday that a decree outlining part of the cleanup of the Anaconda Smelter Superfund site has been lodged in federal court.  The proppant plant effort has so far been stymied by an inability to secure...

Athabasca Minerals Inc. Announces Non-Brokered Private Placement and Board Appointment

The Duvernay Project, which resides under the Corporation’s wholly-owned subsidiary, AMI Silica Inc., is making meaningful progress with FEED, on what aims to be one of the greenest sand processing operations in North America...

Haynesville Local Sand Industry Pulls Ahead Of Its Westerly Neighbor

Haynesville operating activity and workforce have edged ahead of the Eagle Ford...

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...

Vaca Muerta: Investment Controversy for Argentine Cities General Roca and Allen

(ARTICLE IN SPANISH) In times of low investment and a hard-hit labor market, the fate of a $100 million investment and a hundred direct jobs has always been and will be a coveted prey...  

‘Tenuous’ stability emerges as oil-field services firms cut losses

Oil field services giants trimmed massive losses in the third quarter as the oil industry begins to stabilize and the deep cost-cutting of recent months proves beneficial to bottom lines...

State looks to put $16M in federal virus funds toward fracking grants

North Dakota officials say there isn’t enough time left to clean up every abandoned oil field well site they had intended to this year using federal coronavirus aid, so they want to repurpose $16 million and put it toward grants for fracking...

Advertiser Space Available

Trinity Industries Pinpoints Focus On Rail

Railcar lessor and rail product manufacturer Trinity Industries TRN 0.71% will focus exclusively on servicing the rail industry as the company seeks to shore up its financial well-being.  The change comes as the...

Chevron puts off frack jobs until Kern County, CA can complete blanket review

Chevron Corp. has opted to postpone six hydraulic fracturing jobs in the Lost Hills area rather than have state regulators perform an environmental assessment the company would prefer be done as part of a blanket review by Kern County...

Fracking Has Made America Great Again – We are Energy Independent for the First Time Since 1957

Fracking has become public enemy No. 1 in Democrat circles. It continues to be characterized as a “dangerous, new extraction technology...”

It’s Not Just Fracking

The second and final debate between President Donald Trump and former Vice President Joe Biden on Thursday, October 22 covered several concerns of interest to the American public. One of the most important issues discussed...

Here’s Why Biden Couldn’t Ban Fracking, But Could Restrict It

Even if Biden wanted to, he couldn’t unilaterally ban fracking on private lands. Under a 2005 law, the Environmental Protection Agency has almost no regulatory power over fracking. Changing that would require an act of Congress...

Billionaire Mike Bloomberg drops $2.6 million in Texas Railroad Commission race

Former New York City Mayor and one-time presidential hopeful Mike Bloomberg is spending $2.6 million to try to help a Democrat capture a seat on the state board overseeing the oil and gas industry...

Nucleus195 Interviews Alex Meleshko about Frac Sand

Short interview on frac sand in general...

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